Department of Numbers

Henderson County North Carolina Residential Rent and Rental Statistics

The median monthly gross residential rent in Henderson County NC was $895 in 2017 according to the Census ACS survey.1 Average gross rent in Henderson County was $956 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Henderson County median and average rent data will be released in September of 2019.

Data is also available below for Henderson County rental vacancy rates, Henderson County rent as a percent of median income and the fraction of renters in Henderson County.

Show dollars as: Nominal Real

Real Gross Rent in Henderson County North Carolina (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
North Carolina Median Gross Rent $861 +1.06% +4.74%
Henderson County NC Median Gross Rent $895 +2.87% +13.87%

Henderson County NC Real Gross Rent Trends

At $895, real median gross rent in Henderson County was at its highest level in 2017 since the series began in 2005. At $956, real average gross rent in Henderson County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Henderson County NC Median, Henderson County NC Average, North Carolina Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Henderson County

Date US
Median
North Carolina
Median
Henderson County NC
Median
Henderson County NC
Average
2017 $1,012 $861 $895 $956
2016 $996 $852 $870 $898
2015 $987 $851 $711 $728
2014 $956 $822 $786 $862
2013 $924 $795 $767 $788
2012 $912 $780 $807 $799
2011 $912 $780 $745 $760
2010 $927 $792 $720 $801
2009 $931 $796 $804 $747
2008 $947 $797 $772 $734
2007 $899 $773 $743 $812
2006 $909 $781 $736 $681

Henderson County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Henderson County North Carolina was 4.15% according to Census ACS data.

Rental Vacancy Rate in Henderson County North Carolina

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
North Carolina 6.77% -0.22% -0.52%
Henderson County NC 4.15% +1.39% +2.37%

Trends in Henderson County NC Rental Vacancy Rate

The rental vacancy rate in Henderson County peaked in 2009 at 10.93%. Since then it has fallen by 6.78% to 4.15%. Data records for this series originated in 2005. From a 2015 post peak low of 1.71%, the rental vacancy rate has increased by 2.44%.

Rental Vacancy Rate: Henderson County NC, North Carolina, US

Rental vacancy rate in North Carolina

Historical Rental Vacancy Rate data for Henderson County

Date US North Carolina Henderson County NC
2017 6.18% 6.77% 4.15%
2016 5.89% 6.99% 2.76%
2015 5.85% 7.02% 1.71%
2014 6.32% 7.29% 1.78%
2013 6.49% 7.46% 3.80%
2012 6.77% 8.00%
2011 7.40% 9.31% 10.06%
2010 8.17% 9.97% 8.29%
2009 8.43% 10.10% 10.93%
2008 7.86% 9.58% 4.66%
2007 7.87% 9.26%
2006 7.70% 9.98% 4.80%

Rent as a Fraction of Income

Using median household income data for Henderson County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Henderson County, median monthly gross rent as a fraction of median household income was 21.03% in 2017 according to the ACS.

Henderson County North Carolina Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
North Carolina 19.59% -0.32% -1.11%
Henderson County NC 21.03% +2.32% +1.56%

Trends in Henderson County NC Rent as a Fraction of Income

Henderson County renters paid 21.03% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: Henderson County NC, North Carolina, US

Percent of median household income going towards median monthly gross rent in Henderson County North Carolina

Historical Data for Annual Rent as a Fraction of Income in Henderson County North Carolina

Date US North Carolina Henderson County NC
2017 20.13% 19.59% 21.03%
2016 20.43% 19.90% 18.71%
2015 20.63% 20.75% 17.63%
2014 20.89% 20.70% 19.47%
2013 20.78% 20.34% 20.47%
2012 20.65% 20.09% 20.82%
2011 20.70% 20.36% 18.24%
2010 20.50% 20.25% 18.49%
2009 20.12% 19.78% 20.38%
2008 19.00% 17.89% 17.65%
2007 18.66% 18.21% 16.35%
2006 18.90% 18.47% 17.84%

Renter Fraction in Henderson County North Carolina

You can calculate the renter fraction in Henderson County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Henderson County as a fraction of total Henderson County households. In 2017 25.42% of households were renters according to Census ACS data.

Henderson County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
North Carolina 34.60% -1.18% -1.15%
Henderson County NC 25.42% +0.72% -4.82%

Trends in the Henderson County NC Renter Fraction

The Henderson County household renter fraction peaked in in 2015 at 30.63% and is now 5.21% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Henderson County NC, North Carolina, US

Fraction of renters in Henderson County

History of Henderson County Renter Fraction

Date US North Carolina Henderson County NC
2017 36.13% 34.60% 25.42%
2016 36.88% 35.78% 24.70%
2015 36.97% 36.13% 30.63%
2014 36.90% 35.75% 30.24%
2013 36.50% 35.74% 30.19%
2012 36.09% 34.56% 25.66%
2011 35.42% 33.49% 26.64%
2010 34.65% 32.83% 23.48%
2009 34.13% 32.81% 25.71%
2008 33.36% 31.82% 24.12%
2007 32.80% 31.70% 22.80%
2006 32.73% 31.94% 26.39%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.