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City Report · NC

Hendersonville

Pop. 15,408·63rd most expensive in North Carolina·Hendersonville rents have dropped 8.9%, currently a renter's market
Median rent (all units)
$1,739/mo
Year-over-Year
-8.9%
Month-over-Month
+0.5%
vs US Median
-$223
Rising (Monthly)
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Most AffordableMost Expensive
Hendersonville · $1,739
More affordable than 58% of US cities · National median $1,962/mo
Rent Reality Score
75/100
Good value
OverheatedFairGreat value

Rents are 13% below what Hendersonville's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,739/mo
Expected by trend
$1,993/mo
The Rent Reality Score compares today's median rent to where Hendersonville's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,290
1 BR
$1,350
2 BR
$1,520
3 BR
$1,950
4 BR+
$2,570
Fair Market Rent (HUD)
$1,520/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,739 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$20,868/yr
At $1,739/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 8.9% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-8.9% YoY, +0.5% MoM), not inventory.
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Demographics

Who lives here

Hendersonville, NC is roughly split between renters and owners, has a large retiree population, has a median income below the national average, 38.1% of residents hold a bachelor's degree or higher.

Population
15,408
Median income
$53,449
Median age
53.2
Renters
53.9%
Age distribution
15.3%
16.8%
20.9%
13.5%
33.5%
Under 1815.3%
18–3416.8%
35–5420.9%
55–6413.5%
65+33.5%
Gender
46.1%
53.9%
Male46.1%
Female53.9%
Race & ethnicity
78.8%
White78.8%
Black8.2%
Hispanic8.7%
Asian0.8%
Other3.5%
Education (25+)
24.6%
30.3%
38.1%
No HS diploma7%
HS diploma24.6%
Some college30.3%
Bachelor's+38.1%
Housing tenure
46.1%
53.9%
Owner46.1%
Renter53.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Hendersonville, NC has changed in 5 years

Rent
$1,524 → $1,739
up 14.1%
Income
$46,309 → $53,449
up 15.4%
Population
14,878 → 15,408
up 3.6%
Renter share
52.7% → 53.9%
+1.2 pts
Bachelor's+
37.9% → 38.1%
+0.2 pts
Median age
51.9 → 53.2
+1.3 yrs

The median rent in Hendersonville, NC stood at $1,524 in 2023 and currently runs about $1,739, reflecting a 14.1% increase over the period. On the earnings side, the typical household in Hendersonville, NC now reports about $53,449, up from $46,309 in 2021. The population has grown by 3.6% since 2021, moving from about 14,878 residents to roughly 15,408. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and Hendersonville, NC reflects that arc in its own way.

Community

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View Hendersonville rent history (2015–2026) →
Salary vs rent

Can you afford rent in Hendersonville on your salary?

At $1,739/mo, how Hendersonville rent compares to typical pay (30% rule).

By apartment size

Hendersonville rent by bedroom count

Median rent for each apartment size in Hendersonville. Click any size for full breakdown.

Local insights

Tips for renters in Hendersonville

About renting in Hendersonville, NC

Last updated: August 17, 2026

The median rent in Hendersonville is $1,739/mo as of August 2026. A studio apartment averages $1,290/mo while a 2-bedroom runs $1,520/mo. One-bedroom apartments average $1,350/mo and 3-bedroom units go for $1,950/mo.

At 39% of local median household income ($53,449/yr), Hendersonville ranks as moderate compared to the national benchmark of 30%. Rents have decreased 8.9% over the past year.

FAQ

Frequently asked questions

Is Hendersonville an affordable city for renters?

Hendersonville is considered moderate for renters. At $1,739/mo, rent takes approximately 39% of the local median household income ($53,449/yr). The standard benchmark is 30%. Hendersonville slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Hendersonville?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (~$34/hour full-time) to afford the median rent of $1,739/mo in Hendersonville. The local median household income is $53,449/yr, meaning the typical Hendersonville household falls short of that threshold.

Is rent going up or down in Hendersonville?

Rent in Hendersonville has decreased 8.9% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Hendersonville rent compare to other cities in North Carolina?

Hendersonville is middle-of-the-pack for North Carolina for rent, ranking #63 out of 128 tracked cities at $1,739/mo.

Which nearby cities are cheaper to rent in than Hendersonville?

Several nearby cities have lower median rents than Hendersonville ($1,739/mo): Arden ($1,569/mo), Asheville ($1,679/mo).

What percentage of Hendersonville residents rent vs. own?

According to Census data, approximately 53.9% of Hendersonville households are renters, while 46.1% are owner-occupied. With a majority renter population, Hendersonville has a strong rental market.

How does Hendersonville rent compare to the national average?

Hendersonville's median rent of $1,739/mo is $223 (11%) below the US national median of $1,962/mo. Within North Carolina, it ranks #63 out of 128 tracked cities.
Income Affordability
39%
MODERATE

At $1,739/mo, rent takes ~39% of Hendersonville's median household income ($53,449/yr). The standard benchmark is 30%.

Hendersonville 39%Benchmark 30%
State income tax4.5%
Run the Hendersonville affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Hendersonville, NC

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