Henderson County Area Home Supply Charts

This page looks at a variety of Henderson County Tennessee housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Henderson County depicts it has a Housing Units of 12,997 which is in the mid range of other counties in the metropolitan area.

Figure 2 illustrates the housing density in the Henderson County housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Henderson County shows it has a Housing Density of 25.0 which is the second most housing densities of all the counties in the greater Henderson County region. The county with the highest housing density in the area is Madison County which shows a density of 77.4 (approximately 3.1 times bigger). Comparing housing density to the United States average of 38.9, Henderson County is approximately three-fourths the size. Also, benchmarked against the state of Tennessee, housing density of 71.7, Henderson County is approximately a third the size.

In Figure 4, Henderson County area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Henderson County shows it has a Housing Unit Change of 1.7% which is the third most housing units of all other counties in the greater Henderson County region. The county with the highest change in the housing units in the area is Madison County which depicts a housing units of 3.0% (72.1% larger). Comparing change in the housing units to the United States average of 5.7%, Henderson County is approximately a third the size. Also, compared to the state of Tennessee, change in the housing units of 5.4%, Henderson County is approximately a third the size.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Henderson County depicts it has a Renter Percent of 27.2% which is the third most of all other counties in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 72.8% which is less than most other counties in the area.

Henderson County Home Cost Charts

Looking at the housing data provided in Figure 7, the average Henderson County home price is illustrated for this community and a useful analysis of affordable housing. Henderson County depicts it has a Median Home Value of $102,000 which is in the mid range of other counties in the metro area. The county with the highest median home price in the area is Madison County which depicts a home price of $131,500 (28.9% larger). Figure 8 provides aggregate comparative data for the Henderson County Tennessee metro area in terms of the median housing rental rate, apartment rent, etc. Henderson County shows it has a Median Gross Rent of $648 which is the third most rental rates of all other counties in the greater Henderson County region. The county with the highest rental rates in the area is Madison County which depicts a rental rates of $877 (35.3% larger). Comparing rental rates to the United States average of $1,062, Henderson County is approximately three-fourths the size. Also, compared with the state of Tennessee, rental rates of $869, Henderson County is approximately three-fourths the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Henderson County has one of the largest proportions of home price worth less than $50,000 at 32% of the total and is ranked #3. Only #2 Decatur County (34%), and #1 Carroll County (40%) are larger.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Henderson County depicts it has a Median Owner Cost of $560 which is the third most median ownership cost of all other counties in the greater Henderson County region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Henderson County metro area. it has a Owner Cost as % of HH Income of 13% which is the smallest when sorted by cost as a percent of household income of all the other counties in the local area.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Henderson County shows it has a Median Home Value as Percent of Median Earnings of 272% which is in the mid range of other counties in the local area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Henderson County depicts it has a Median Owner Costs-With Mortgage of $960 which is in the mid point range of other counties in the greater region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $340 which is the second most median housing cost of all the counties in the greater Henderson County region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Henderson County has the percentage of owner cost less than $300 the second smallest as measured by owner cost less than $300 of all the other counties in the area at 27% of the total. Second, it has the largest proportion of owner cost between $300 and $500 at 17% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Henderson County shows it has a % of Income Owner Costs-With Mortgage of 18% which is the smallest in order of cost as a percent of household income of all the other counties in the metro area. The county with the highest cost as a percent of household income in the area is Perry County which depicts a cost as a percent of household income of 23% (31.8% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Henderson County shows it has a % of Income Owner Costs-No Mortgage of 11% which is in the center range of other counties in the metro area. The county with the highest cost as a percent of household income in the area is Perry County which depicts a cost as a percent of household income of 11% (only about 4.7% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Henderson County has the percentage of rent as a percent of income is less than 10 pct less than most other counties in the metropolitan area at 18% of the total. Second, it has the second smallest when sorted by rent as a percent of income is less than 10 pct of all the other counties in the metro area in order of rent as a percent of income is between 10pct to 20pct at 15% of the total. Third, it has the largest proportion of rent as a percent of income is between 30pct to 40pct at 12% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $625 which is in the mid range of other counties in the local area. The county with the highest median real estate taxes paid in the area is Madison County which shows a taxes paid of $977 (56.3% larger). Comparing median real estate taxes paid to the United States average of $2,471, Henderson County is approximately a quarter the size. Also, benchmarked against the state of Tennessee, median real estate taxes paid of $1,190, Henderson County is approximately half the size.

Figure 23 shows the rental rate distribution for this area. Henderson County Tennessee has the percentage of rent between 300 and 500 dollars in the center range of other counties in the metro area at 41% of the total.

Henderson County Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.3 which is more than all other counties in the greater Henderson County region. Comparing family members per housing unit to the United States average of 3.3, Henderson County is about the same size. Also, measured against the state of Tennessee, family members per housing unit of 3.2, Henderson County is only about 2.7% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.6 which is the third most average number of rooms in a house of all other counties in the greater Henderson County region. The county with the highest average number of rooms in a house in the area is Madison County which shows an average number of rooms in a house of 5.8 (only about 3.6% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1985 which is the third most year built of all other counties in the greater Henderson County region. The county with the highest year built in the area is Chester County which depicts a year built of 1989 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 2010 to 2013 the second smallest in order of homes built in 2014 or later of all the other counties in the local area at 13% of the total. Second, it has the largest proportion of homes built between 2000 to 2009 at 26% of the total and is ranked #1. Third, it has the smallest proportion of homes built between 1950 to 1959 at 2% of the total. Also, it has the second smallest as measured by homes built in 2014 or later of all the other counties in the metro area in order of homes built between 1940 to 1949 at 4% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 2,918 of the total and is ranked #3. Only #2 Carroll County (2,950), and #1 Madison County (14,293) are larger.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has one of the largest proportions of 50 or more units at 24% of the total and is ranked #2. The only larger county being Perry County with 33%.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2014 or later in the mid range of other counties in the greater region at $159,100 of the total. Second, it has in the center range of other counties in the greater region in order of value of homes built 2010 to 2013 at $144,300 of the total. Third, it has in the mid range of other counties in the metro area when sorted by value of homes built 2000 to 2009 at $108,800 of the total. Also, it has the second smallest in order of value of homes built 2014 or later of all the other counties in the metro area as measured by value of homes built 1990 to 1999 at $87,100 of the total. In addition, it has the smallest proportion of value of homes built 1980 to 1989 at $89,800 of the total. Furthermore, it has in the mid range of other counties in the local area in order of value of homes built 1970 to 1979 at $99,200 of the total. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $84,700 of the total and is ranked #3. Only #2 Decatur County ($112,100), and #1 Chester County ($126,100) are larger. Additionally, it has the largest proportion of value of homes built 1950 to 1959 at $90,400 of the total and is ranked #1. And then, it has the second smallest when sorted by value of homes built 2014 or later of all the other counties in the local area when sorted by value of homes built 1940 to 1949 at $68,600 of the total.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. has the percentage of occupied housing units in the mid range of other counties in the local area at 18% of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Henderson County residents. it has a Owner-Household Size of 2.6 which is the second most homeowner household size of all the counties in the greater Henderson County region. The county with the highest homeowner household size in the area is Chester County which shows a homeowner household size of 2.6 ( about the same size).

Figure 37 shows the household size for renters. Henderson County shows it has a Renter-Household Size of 2.4 which is the second smallest when sorted by renter household size of all the other counties in the local area. The county with the highest renter household size in the area is Carroll County which shows a renter household sizes of 2.7 (9.4% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2017 or later the second smallest in order of owners moved in 2017 or later of all the other counties in the local area at 6% of the total. Figure 39 shows the year that people who rent moved into the area. Henderson County has the percentage of renters moved in 2017 or later less than most other counties in the surrounding region at 14% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2001 which is the second smallest as measured by median year that a home owner moved in of all the other counties in the surrounding region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the smallest proportion of homes using natural gas at 3% of the total. Second, it has the smallest proportion of home using bottled, tank, or lp gas at 35% of the total. Third, it has the largest proportion of homes using kerosene or other fuel oils at 0% of the total and is ranked #1. Also, it has the second smallest in order of homes using natural gas of all the other counties in the local area as measured by homes using coal or coke at 1% of the total.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Henderson County housing department, Tennessee department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Henderson County depicts it has a Total In Group Quarters of 387 which is less than most other counties in the local area.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Henderson County residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Henderson County has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.