Sitting atop a high plateau in the Cumberland Mountains, Hendersonville, TN, is a popular Middle Tennessee destination known for its thriving wine industry, beautiful historic architecture, and lush apple orchards.
Beyond these, Hendersonville is home to safe, welcoming neighborhoods that offer wonderful residences, including lakefront houses.
If you’re in the market to buy or sell a Hendersonville, TN, real estate property, this article presents relevant information to help you make your decision.
Current Real Estate Trends in Hendersonville
The Hendersonville, TN, real estate market is among the most expensive in the state of Tennessee.
As of April 2025, the median cost of homes in Hendersonville is $520,117, and the median cost per square foot is $228. Recent data show that there is an increase of 2% in the sale price of properties in the area over the past 12 months.
Homes are sold in around 31 days, a 92.2 % increase compared to the same month last year with homes being sold in 16 days on average.
Overall, Hendersonville is a neutral housing market, wherein home prices tend to be reasonable, and properties stay on the market for a typical length of time.
Types of Properties Available
Single-family detached homes are the most common housing type in Hendersonville, TN.
Around 73.02% of the city’s housing units are single-family detached homes, followed by apartment complexes or high rise apartments which comprise 19.79% of real estate in Hendersonville TN.
Row houses and other attached homes make up 3.43% of the Hendersonville real estate market. And lastly, a few duplexes, homes converted to apartments, and other small apartment buildings comprise 2.81%.
Best Neighborhoods in Hendersonville
Set along Old Hickory Lake and the Cumberland River, Hendersonville boasts some of the region’s best neighborhoods and homes.
The Meadows of Indian Lake, located near the eastern end of the two peninsulas extending into Old Hickory Lake, offers both seclusion and convenient access to amenities like the Indian Lake Forest Swim, Tennis Club, and the historic Rock Castle.
Blue Ridge is a golfer and boater’s paradise, strategically located just around the corner from Bluegrass Yacht and Country Club – one of the best marinas and most prestigious golf courses in the area.
On the westernmost of the peninsulas extending into Old Hickory Lake, the neighborhood of Lakeside Park is ideal for those looking to enjoy the lake in a quiet, secluded setting.
Maple Row is home to some of Hendersonville’s best-value properties. It also offers convenient water access, sports fields, a dog park, and several attractions in some of the city’s most beautiful green spaces.
Investing in Hendersonville Real Estate
Hendersonville presents a variety of opportunities for investors, from rental properties to long-term real estate holdings.
Hendersonville’s transformation from a tranquil suburb into a bustling city characterized by economic vitality and growth has significantly impacted the local housing market, attracting both prospective homeowners and investors.
In recent years, Hendersonville has experienced a surge in economic development, with an expanding job market resulting to an unemployment rate of 4.1%, which is notably lower than the national average of 6%.
Along with economic growth, the demand for housing in Hendersonville increased. The median home price in the city has also experienced steady growth, reflecting the heightened desirability of the area.
Hendersonville, TN, is one of the best long term real estate investments in the country. Over the past ten years, Hendersonville real estate appreciated 122.63%. This translates to an average annual home appreciation rate of 8.33%.
Tips for Home Buyers in Hendersonville
Buying a house in Hendersonville is a big decision that requires preparation and guidance.
Here are some helpful tips to ensure a smooth and rewarding real estate transaction.
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1. Establish your budget.
First thing you need to do is take a close look at your income, expenses, and savings to determine a comfortable price range for your new home. -
2. Check your credit score.
Your credit score is an important factor in determining your mortgage interest rate. -
3. Allocate funds for down payment and closing costs.
Most lenders require a down payment, which typically ranges between 3% and 20% of the home’s price. In addition, you will also need to save for closing costs, which amount to around 2% to 5% of the loan amount. -
4. Get a mortgage pre-approval.
Getting pre-approved can help speed up the home-buying process once you find the perfect property. -
5. Work with a reliable real estate agent.
Working with a knowledgeable agent will guide you through the process, help you find properties that match your preferences, and negotiate with the seller on your behalf.
Tips for Home Sellers in Hendersonville
Selling your Hendersonville home can be overwhelming, but these tips can help you go through the process smoothly.
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1. Work with a listing agent.
Find a dedicated and knowledgeable real estate agent whom you can trust to guide you through every step of selling your home. -
2. Decide on the right listing price.
Your real estate agent can help you determine the optimal listing price based on current market trends. -
3. Use high-quality, professional images and 3D walkthroughs.
Homes listed with high-quality photos are known to sell quicker and for more money. Also, virtual walkthroughs offer efficiency, allowing potential buyers to conveniently check your property online, any time. -
4. Set up a pre-listing home inspection.
Make all the necessary repairs before you list your house. This is important in building confidence in your buyer. -
5. Stage your home.
The purpose of staging your home is to allow your buyers to envision living there and influence them to make an offer, so declutter the main rooms and show off their best features. -
6. Always be ready for a showing.
Keep your home clean and presentable, so when you get calls from agents with potential buyers who would like to like to view your property, you can always say yes. -
7. Respond to offers in a timely manner.
While most offers may be replied to within 48 hours, it is best to respond with a counteroffer or acceptance as soon as a good offer comes in.
Conclusion
Hendersonville, TN, real estate offers a diverse range of properties to suit every preference and budget, including beautiful lakefront properties.
The city offers a diverse range of neighborhoods that appeal to families, professionals, and retirees seeking a welcoming and dynamic environment.
If you’re considering relocating, investing, or simply exploring what the city has to offer, give me a call today at 615-505-HOME. You may also email me at britton@homeandlake.com to schedule an appointment.
Frequently Asked Questions
- Is Hendersonville a good place to live? Yes, Hendersonville is home to safe, welcoming neighborhoods that offer wonderful residences, including lakefront houses.
- How competitive is the real estate market in Hendersonville, TN? The real estate market in Hendersonville, TN, is not overly competitive. It is considered a neutral housing market, wherein home prices tend to be reasonable, and properties stay on the market for a typical length of time.
- What is the median home price in Hendersonville? As of April 2025, the median cost of homes in Hendersonville is $520,117, and the median cost per square foot is $228.
