Mortgage payment estimates, closing cost breakdowns, and homebuying data for Hendersonville, North Carolina.
Median Home Price
$345K
Population
16K
Avg Monthly Rent
$1,350
Property Tax Rate
0.78% *
* Property tax shown is the North Carolina state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Hendersonville.
Hendersonville vs North Carolina Median
The median home price in Hendersonville is $345,000, which is roughly in line with the North Carolina state median of $340,000.
Mortgage Calculator — Hendersonville, NC
Pre-filled with Hendersonville median home price and North Carolina tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $345K home using North Carolina's 0.78% tax rate and $2,300/yr insurance.
5% Down
$2,679/mo
Down: $17,250
Loan: $328K
P&I: $2,072
Tax: $224
Insurance: $192
PMI: $191
10% Down
$2,560/mo
Down: $34,500
Loan: $311K
P&I: $1,963
Tax: $224
Insurance: $192
PMI: $181
20% Down (No PMI)
$2,160/mo
Down: $69,000
Loan: $276K
P&I: $1,745
Tax: $224
Insurance: $192
Income needed (28% rule): $93K/year with 20% down, $110K/year with 10% down.
Rent vs Buy in Hendersonville
Rent
$1,350/mo
vs
Buy (10% down)
$2,560/mo
Price-to-rent ratio: 21.3 — At a ratio above 20, renting may be more economical in Hendersonville for shorter stays. Buying costs $1,210 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Hendersonville is $345,000, roughly in line with the North Carolina state median of $340,000. With a population of 16,236, Hendersonville is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in North Carolina average 0.78% annually. This moderate property tax rate means a $345,000 home in Hendersonville would carry roughly $224/month in property taxes. Homeowners insurance in North Carolina runs approximately $2,300 per year. This is within the normal range nationally.
Average rent in Hendersonville is $1,350/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Hendersonville presents moderate affordability. The $345K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Hendersonville.