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Henderson County, NC

RANK #819 / 996  ·  POP 116,469  ·  NC

PROJECTED GROWTH: -0.7%

Henderson County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Henderson County?

Henderson County, North Carolina, is known for its apple orchards and the annual North Carolina Apple Festival, reflecting its status as the state's largest apple producer. Located in the Blue Ridge Mountains, it sits about 30 miles south of Asheville. The county offers a blend of mountain scenery and small-city amenities, with elevations ranging from 1,400 to 5,000 feet. Outdoor recreation is a significant draw, with opportunities for hiking, mountain biking, and exploring waterfalls at places like DuPont State Recreational Forest and Bearwallow Mountain. Commuting within the county is generally manageable, and public transit, known as Apple Country Public Transit, serves Hendersonville, Fletcher, and Laurel Park.

Life in Henderson County attracts a mix of families and retirees, drawn by the natural environment and a sense of community. The Henderson County Public School system is recognized for its academic programs. The local economy is supported by tourism, manufacturing, and agriculture. Recent economic developments include investments in advanced manufacturing facilities, contributing to job growth in the region. The county's appeal stems from its combination of outdoor access, community atmosphere, and a diverse economic base.

[02] Market Snapshot

Housing Ratio
6.9x

Above national median (4.7x)

GDP Growth
+3.8%

Above national median

Home Prices
-2.8%

Prices declining

Climate & Terrain
2.0

Moderate climate & terrain

Price/Rent
12x

Below national median (13x)

Housing is fairly valued at 6.9x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Henderson County U.S. National

The Numbers

DEMOGRAPHICS
Population
116,469
+0.74% YoY
Median Household Income
$65,508
Median Home Value
$291,500
-2.84% 12mo
Median Rent
$1,032
Average Annual Pay
$54,106
+3.0% YoY
Employment
44,207
+3.7% YoY
Income-to-Home-Value
0.2247
Near national average
Migration Inflow
4.08%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$429,250
Days on Market
112
Slower market
Months of Supply
6.7
Buyer's market
Sale-to-List Ratio
97.2%
Negotiation room for buyers
Sold Above List
9.8%
Listings w/ Price Drops
16.9%
Building Permits (2024)
1,610
Single-Family Permits
988

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$425M
TOTAL
PROJECT AMOUNT STATUS
Rock Bluff Energy Park (Proposed Wind Farm)
Cordelio Power
$200M Proposed
Multiple Residential Developments (e.g., Baystone Glen, South Allen Road Apartments)
Various Developers
$100M Under Construction/Planned
BorgWarner Advanced Manufacturing Facility
BorgWarner Inc.
$75M Planned
Henderson County Solar Farm
Community Energy / Henderson County Solar LLC
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.8% 70 percentile
Population Growth +0.7% 62 percentile
Income Growth +9.3% 69 percentile
Vacancy Rate 1.1% 47 percentile
Home Price Change -2.8% 10 percentile
Rent Growth +2.0% 34 percentile
Price/Rent 12x 64 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Henderson County, NC a good place to move to?

Henderson County has a Boom Town Index score of 18/100, ranking #819 among 996 U.S. counties. With job growth at +3.7% and a median household income of $65,508, it faces some economic headwinds compared to faster-growing counties.

Is Henderson County affordable?

The median home value in Henderson County is $291,500 with median rent at $1,032/month. The income-to-home-value ratio is 0.2247, which is less affordable than the national average.

Is Henderson County growing or shrinking?

Population growth: +0.7% year-over-year. Job growth: +3.7%. Home values changed -2.8% in the past 12 months.

Are people moving to Henderson County?

Yes — 4.08% of Henderson County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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