Henderson, KY Housing Market
AI-powered market intelligence for the Henderson, KY metro area.
PropertyIQ Scores
Henderson, KY Market Analysis
Market Overview
Henderson, KY’s PropertyIQ Score of 63 out of 100 places it in a moderate market position. The score is supported by two key drivers: a median days on market of 59 days and a relatively contained share of listings with a price cut at 16.5%. These metrics suggest a market where homes are selling at a steady pace and sellers are not relying on widespread discounting. Against state benchmarks, Henderson’s median home value of $249,900 sits above the Kentucky average of $232,577, indicating that local single-family home prices command a modest premium over the state overall.
The rental side tells a different story. Henderson’s rent index of $778 is significantly below the state average of $967, meaning rental rates in the area are considerably lower than what is typical across Kentucky. The unemployment rate matches the state average at 4.7%, so labor market conditions are in line with the broader state. However, median household income in Henderson is $59,053, which is below the state average of $63,726. Combined with a higher-than-state median home value, this creates a somewhat tighter affordability picture for local residents than the state benchmark would suggest.
Overall, Henderson registers as a moderate market with mixed signals: owner-occupied home values are above the state average, while rents and incomes lag state levels. The PropertyIQ Score of 63 captures this middle ground—not weak, but not exceptionally strong. The top score drivers highlight that homes are moving within roughly two months and that fewer than one in five listings has seen a price reduction, both of which point to a balanced, functional market.
Key Trends
First, home values in Henderson are above the state average but essentially flat. The median home value is $249,900, which is $17,323 above the state average of $232,577. At the same time, the year-over-year change in home value is just $6, indicating that prices have been stable rather than appreciating at a meaningful rate. This suggests that home values are holding their ground but not experiencing strong upward momentum.
Second, the rental market lags the state by a wide margin. Henderson’s rent index of $778 is $189 below the state average of $967. This gap points to weaker rental pricing power locally compared with Kentucky as a whole. For investors, a lower rent index paired with a median home value above the state average can translate into a less attractive rental yield environment than markets where rents align more closely with home prices.
Third, inventory and market pace appear balanced. Henderson has 98 homes for sale, a median days on market of 59, and a price-cut share of 16.5%. These are the top score drivers for the market. A median of 59 days means properties are selling in about two months, and a 16.5% price-cut share means most listings are not being reduced. Together, these metrics point to a market that is neither overheated nor stalled.
Fourth, affordability is somewhat constrained. Median household income in Henderson is $59,053, about $4,673 below the state average of $63,726. Because the median home value is above the state average while income is below it, local buyers may face more affordability pressure than typical Kentucky households. Population growth data is not available in the provided metrics, so demographic-driven demand cannot be evaluated as part of this trend picture.
Who Is This Market For
Henderson is best suited for owner-occupants seeking stable single-family housing without the risk of rapid price escalation. With a median home value of $249,900 and an essentially flat year-over-year change of $6, buyers are not facing a market where prices are running away. Median days on market of 59 and a price-cut share of 16.5% also give buyers some room to negotiate and time to make decisions. First-time buyers may find the market challenging because median household income is below the state average and home values are above it, but the balanced pace and moderate discounting can provide some leverage during purchase.
For rental property investors, the below-state rent index of $778 is a caution. With a median home value of $249,900, the rental income level suggests that cash-flow-focused investors may find more favorable rent-to-price dynamics in markets closer to the state rent index of $967. However, investors with a long-term focus on stable single-family assets may still find Henderson acceptable given the steady days on market and flat price environment. Move-up buyers may benefit from selling into a market where values are above the state average, though the flat year-over-year change suggests they should not expect large near-term equity gains.
Outlook
The data points toward continued stability rather than acceleration. With a median home value of $249,900 and a year-over-year change of only $6, home prices are essentially flat. If the current inventory of 98 homes for sale and the median days on market of 59 days hold, the market is likely to remain balanced, with sellers receiving steady activity and buyers retaining some negotiation power. The 16.5% share of listings with a price cut supports a moderate pace where discounts are present but not widespread.
Because the rent index of $778 remains well below the state average of $967, rental growth is not currently signaling a shift toward higher returns for landlords. The unemployment rate matches the state at 4.7%, providing labor market stability but no clear local advantage. Median household income at $59,053 remains below the state average, which may limit how much upward pressure local buyers can place on prices. Population growth is not available in the provided data, so no demographic-based demand signal can be incorporated. Overall, the numbers support a flat-to-stable outlook for home values, moderate sales activity, and a rental market that continues to lag state benchmarks.
AI-generated analysis based on current market data. Last updated September 30, 2026.
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Henderson, KY market data
Henderson, KY Housing Market Overview
Henderson, KY's median home value is $153K. Homes here sell in a median 59 days. Its PropertyIQ Score of 63 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
The Henderson, KY metropolitan area represents a distinct segment of KY's housing landscape. The PropertyIQ Score combines price momentum — how Zillow home values have trended over the past 3 and 12 months — with market-flow signals from Realtor.com that track how fast homes sell and how often sellers cut prices. The result is a single measure of how this market is positioned to outperform or lag its state over the next three years.
Southeastern markets benefit from manufacturing investment, logistics infrastructure, and relative affordability compared to national averages. The region's population growth — driven by both domestic migration and natural increase — supports sustained housing demand across metro and suburban areas. Within the Southeast, Henderson, KY's PropertyIQ Score of 63 ranks among the Southeast's stronger demand signals.
The PropertyIQ Score for the Henderson, KY market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag.
Use PropertyIQ's interactive analytics to compare Henderson, KY against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the Henderson, KY metro area
ZIP codes in the Henderson, KY metro area
View all 13 →Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Henderson, KY a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Henderson, KY currently scores 63, a firming-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $153K. So whether Henderson, KY is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Henderson, KY?
Henderson, KY's PropertyIQ Score is 63, indicating firming momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 63 places Henderson, KY above its state benchmark.
How quickly do homes sell in Henderson, KY?
In Henderson, KY, homes sell in a median of 59 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 16% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Henderson, KY market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.