Cost of Living in Henderson County, Tennessee

$812/mo

Median Monthly Rent

$156,000

Median Home Value

6% below state averageUnaffordable

At a Glance

Median Monthly Rent

$812/mo

6% below state average

Median Home Value

$156,000

45% below national

Rent-to-Income Ratio

25.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Henderson County Compares

Median monthly rent comparison

Henderson County$812/mo

Tennessee Average$860/mo

National Median$1,163/mo

Detailed Housing Stats

$812/mo

Median Gross Rent

$156,000

Median Home Value

$592/mo

Monthly Owner Cost

25.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Henderson County, Tennessee

Henderson near national housing norm

Henderson County renters spend 18.2% of income on rent, slightly above the national average of roughly 18%. Median household income of $53,471 trails the national median of $74,755 by a quarter, but housing costs remain manageable relative to earnings.

Better than most Tennessee counties

Henderson County's 18.2% rent-to-income ratio sits above Tennessee's state average of 17.6%, but only marginally—placing it in the better half of state county rankings. The $812 median rent slightly exceeds the state average of $860.

Mid-range costs and wages

Henderson's $812 rent ranks higher than Hawkins ($744) and Haywood ($725), while household income ($53,471) sits between Henry ($48,540) and Hawkins ($55,278). The county occupies comfortable middle ground regionally.

Ownership cheaper than renting

Renters spend $812 monthly while homeowners pay $592—a $220 gap favoring ownership on a median income of $4,456. After housing, renting households have roughly $3,600 for other needs, though ownership provides better cash flow.

Solid option for budget-conscious buyers

Henderson County offers slightly above-average affordability paired with reasonable wages—particularly attractive if you can buy rather than rent. The $220 monthly gap between renting and owning suggests that accumulating down payment savings here is achievable.

Affordability Calculator

See how your income compares to housing costs in Henderson County

Your Annual Household Income

Rent Burden

18.2%

of gross income

Max Housing (28% Rule)

$1,248

per month

Owner Cost Burden

13.3%

of gross income

You can likely afford the median home in Henderson County

Median home value is $156,000. Estimated monthly cost: $1,245 vs. your max of $1,248.

Rent Affordability Guide

Your rent-to-income ratio18.2%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Henderson County, Tennessee?

Henderson County, Tennessee has a median monthly rent of $812/mo and a median home value of $156,000. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.

What is the median rent in Henderson County?

The median gross rent in Henderson County is $812/mo. This is 6% below state average for Tennessee.

Is Henderson County affordable?

Henderson County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Henderson County's rent compare to the state average?

Henderson County's median rent of $812/mo is 6% below state average of $860/mo for Tennessee.

What is the median home value in Henderson County?

The median home value in Henderson County, Tennessee is $156,000. This is 45% below the national median home value of $281,900.