City · 6,411 residents · Chester County, Tennessee
Henderson, Tennessee
In Henderson, a typical home is worth $147,900 and typical rent is $781 a month. Compared with all of Chester County, typical household income is 23% lower, the typical home value is 10% lower, and the share of households that own their home is 17 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $153,766 to $177,033.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Henderson is in Chester County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Chester County. See the county
What this place has that others do not, from public data, most unusual first.
1
58% of households in Henderson own their home, against 75% in Chester County.
2
Henderson has the 7th lowest typical home value of the 113 cities in Tennessee with more than 5,000 people ($147,900).
3
The typical household income in Henderson is $45,938,23% less than in Chester County as a whole ($59,341).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Henderson
What homes there are in Henderson, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Henderson
Chester County
Tennessee
United States
Kind of home: Henderson and its comparisons
Measure
Henderson
Chester County
Tennessee
United States
Detached house
76%
79%
68%
61%
Attached house
Unreliable estimate
Unreliable estimate
4%
6%
Building of 2 to 4
15%
5%
6%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
14%
19%
Mobile home
Unreliable estimate
13%
8%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
As in Chester County, most homes in Henderson are detached houses (76%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Henderson
Chester County
Tennessee
United States
Year built: Henderson and its comparisons
Measure
Henderson
Chester County
Tennessee
United States
Before 1960
25%
17%
18%
26%
1960–1979
28%
20%
23%
24%
1980–1999
28%
34%
29%
25%
2000–2009
15%
19%
16%
14%
2010 or later
Unreliable estimate
11%
15%
11%
Homes in Henderson are older: the typical year built is 1979; in Chester County, 1989.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K29%
$100K–$200K35%
$200K–$300K24%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Henderson and its comparisons
Measure
Henderson
Under $100K
29%
$100K–$200K
35%
$200K–$300K
24%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99963%
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Henderson and its comparisons
Measure
Henderson
Under $500
Unreliable estimate
$500–$999
63%
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,082 a month
Chester County: $1,202 a month
Without a mortgage
$394 a month
Chester County: $377 a month
Owners with a mortgage
52%
Chester County: 53%
Owning costs less in Henderson: with a mortgage, the typical cost is $1,082 a month; in Chester County, $1,202. Without one, $394.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
HendersonNo clear change
Chester County+35%
Tennessee+72%
United States+53%
Typical rent
Henderson+24%
Chester CountyNo clear change
Tennessee+37%
United States+33%
Typical household income
HendersonNo clear change
Chester CountyNo clear change
Tennessee+31%
United States+29%
Change since 2015–2019: Henderson and its comparisons
Measure
Henderson
Chester County
Tennessee
United States
Typical home value
No clear change
+35%
+72%
+53%
Typical rent
+24%
No clear change
+37%
+33%
Typical household income
No clear change
No clear change
+31%
+29%
Since 2015–2019, home values in Henderson moved so little that the Census cannot say whether they rose or fell.
The typical rent in Henderson rose 24% over the same time.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Henderson and its comparisons
Measure
Henderson
Chester County
Tennessee
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
6.1%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.9%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
2.2%
3.4%
People per household
2.37
2.55
2.45
2.53
Drive alone
78%
84%
76%
69%
Carpool
Unreliable estimate
5%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
0%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
1%
3%
Work from home
9%
9%
13%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
Fewer people live in each home here: 2.37 on average, against 2.55 in Chester County.
To get to work, 78% of workers in Henderson drive alone; in Chester County, 84%.
Do the math
What would you pay each month for a home in Henderson?
A typical home is tight for the typical income
We start with a typical home in Henderson, worth $147,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Henderson, which is $45,938 a year. For that payment to be 28% of income, a household would need to earn about $50,512 a year.
The calculator's FHA and conventional loan limits are those of all of Chester County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Henderson. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,177 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,179
at 7.18% · 30 years
Loan amount
$145,221
Total interest
$208,938
Paid off in
November 2056
Includes $2,498 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,072 a month
Tight
$1,072 to $1,378 a month
Your payment · 31%
Hard
more than $1,378 a month
Compared with the typical household income in Henderson ($45,938 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$984
Property tax
$68
Home insurance
$62
FHA mortgage insurance (MIP)
$65
You need at least $5,177 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,179; principal and interest $984.
The city and its county
Henderson and Chester County
Henderson is in Chester County, Tennessee. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Henderson
Map of Chester County, Tennessee, with Henderson marked. Around it, the neighboring counties.
Henderson
Chester County
Other cities with a page
Henderson's own numbers
Typical home value
$147,900
Typical monthly rent
$781
Typical yearly household income
$45,938
Households that own their home
58%
Effective property tax rate
0.55%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Chester County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,375
Price change over 5 years (FHFA)
+84%
Homes in a high flood-risk zone
0.1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Chester County.
A typical home in Henderson is worth $147,900: 10% below the county and 48% below Tennessee. With the typical household income in Henderson ($45,938 a year), a typical home costs 3.2 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Henderson3.2 years
Chester2.8 years
Tennessee4.1 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Chester County
According to FHFA’s house price index, home prices in Chester County rose 124% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Chester County.
Yearly change in FHFA’s price index in Chester County, 2016 to 2025
2016: +3.6% +3.6% 2016
2017: +3.1% +3.1% 2017
2018: +6.6% +6.6% 2018
2019: +2.1% +2.1% 2019
2020: +4.5% +4.5% 2020
2021: +13.1% +13.1% 2021
2022: +26.2% +26.2% 2022
2023: +2.1% +2.1% 2023
2024: +12.6% +12.6% 2024
2025: +12.3% +12.3% 2025
Change in FHFA’s price index in Chester County, Tennessee and the United States
Period
County
Tennessee
U.S.
Last year (2025)
+12.3%
+2.4%
+2.9%
5 years (2020–2025)
+84%
+60%
+47%
10 years (2015–2025)
+124%
+114%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Henderson next to Chester County, Tennessee and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Henderson$147,900
Chester$164,400
Tennessee$286,700
United States$332,700
Typical monthly rent
Henderson$781
Chester$756
Tennessee$1,189
United States$1,413
Typical yearly household income
Henderson$45,938
Chester$59,341
Tennessee$69,595
United States$80,734
See the full table
Henderson next to Chester County and Tennessee
Measure
Henderson
Chester County
Tennessee
U.S.
Typical home value
$147,900 ▼10% below the county
$164,400
$286,700
$332,700
Typical monthly rent
$781 ▲3% above the county
$756
$1,189
$1,413
Typical yearly household income
$45,938 ▼23% below the county
$59,341
$69,595
$80,734
Households that own their home
58% ▼17 points below the county
75%
67%
65%
Typical yearly property tax
$814 ▼5% below the county
$856
$1,442
$3,119
Effective property tax rate
0.55% ▲0.03 points above the county
0.52%
0.5%
0.94%
Renters with high rent for their income
44% ▲6 points above the county
38%
49%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Chester County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Henderson
For a typical $147,900 home in Henderson, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Henderson's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,179a month
Least cash to close
Down payment
$5,177
Cash to close
$9,614
Rate
7.18%
Mortgage insurance
FHA MIP · $65
Conventional, 5% down$1,151a month
Down payment
$7,395
Cash to close
$11,832
Rate
7.18%
Mortgage insurance
PMI · $70
Conventional, 20% down, no PMI$931a month
Down payment
$29,580
Cash to close
$34,017
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,068a month
Down payment
$22,185
Cash to close
$26,622
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Henderson
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,179
$5,177
$145,221
7.18%
FHA MIP · $65
$9,614
580
Conventional, 5% down
$1,151
$7,395
$140,505
7.18%
PMI · $70
$11,832
620*
Conventional, 20% down, no PMI
$931
$29,580
$118,320
7.18%
None
$34,017
620*
ITIN, 15% down (example)
$1,068
$22,185
$125,715
8.18%
None
$26,622
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Henderson and for Chester County.
Property tax
Effective rate in Henderson
0.55%of the home’s value each year
$814 a year for the typical owner in Henderson.
Henderson0.55%
Chester0.52%
Tennessee0.5%
What Tennessee publishesProperty tax relief for older, disabled and disabled-veteran homeowners (Tennessee Comptroller of the Treasury, 2026 Property Tax Relief Program brochure)
Typical rent in Henderson is $781 a month: 3% above the county. In Henderson, 44% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Chester County, by unit size. To pay the 2-bedroom one ($1,375 a month) without spending more than 30% of your income, you would need to earn $26.44 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Chester County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$957
$18.40
$38,280
1 bedroom
$1,051
$20.21
$42,040
2 bedrooms
$1,375
$26.44
$55,000
3 bedrooms
$1,730
$33.27
$69,200
4 bedrooms
$1,898
$36.50
$75,920
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Henderson
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Henderson is in ZIP code 38340.
For 2 bedrooms it is $1,140: $235 less than the fair market rent for Chester County ($1,375).
Fair market rent by ZIP code and size in Henderson, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
38340
$790
$870
$1,140
$1,510
$1,590
ZIP code2 bd3 bd
38340 $1,140$1,510
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Henderson when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Chester County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Henderson or Chester County. The ones below are statewide in Tennessee: they work in Henderson the same as in the rest of the state.
Tennessee state agency help with the down payment and closing costs alongside the Great Choice mortgage: $6,000 or $10,000 forgivable over 10 years with no payments, or up to 5% of the price (maximum $15,000) as a 30-year second mortgage.Offered by Tennessee Housing Development Agency (THDA).
No legal help resource on our list is for Henderson or Chester County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Henderson and all of Chester County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Henderson?
The typical home value in Henderson is $147,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Chester County it is $164,400.
How much does it cost to rent in Henderson?
Typical rent in Henderson is $781 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Chester County is $1,375.
What is the FHA loan limit in Henderson?
Henderson uses the FHA limit for all of Chester County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Henderson?
The typical homeowner in Henderson pays $814 a year, according to the U.S. Census Bureau. That is 0.55% of the home’s value; in Chester County, the rate is 0.52%.
Where can I find free help to buy or rent in Henderson?
We found no HUD-approved counseling agencies with an office in Chester County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
