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Market MapHenderson, NC
Metropolitan Area

Henderson, NC

North Carolina0
59
/100
Hold
#548 of 894 metros
Top 61% nationally for investing

Market Snapshot

$188,148
Median Home Price
26% below national median
$949/mo
Median Rent
31% below national median
6.05%
Rent-to-Price Ratio
Top 46% nationally
-$369
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$188,148
Down Payment (20%)$37,630
Loan Amount$150,518
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$949
Monthly P&I-$986
Est. Expenses (35%)-$332
Net Cash Flow-$369/mo
3.9%
Cap Rate (all cash)
-10.2%
Cash-on-Cash Return
6.05%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.9% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
59/100
59
Cash Flow(30%)
61/100

Based on 6.05% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
40/100

Based on -2.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
90/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Declining home values (-2.0% YoY)
  • -Negative cash flow at typical financing (-$369/mo)
  • -Negative leverage (cap rate 3.9% < mortgage rate 6.9%)

Counties in Henderson, NC

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Norwalk, OH
Norwalk, OH
79$198,411$1,4878.99%Strong BuyView
Dumas, TX
Dumas, TX
79$188,966Est.Strong BuyView
Marion, OH
Marion, OH
79$183,033$1,2678.31%Strong BuyView
Portsmouth, OH
Portsmouth, OH
79$144,773Est.Strong BuyView
Kinston, NC
Kinston, NC
79$156,285$1,0428.00%Strong BuyView
Current
Henderson, NC
59$188,148$9496.05%Hold

The Bottom Line

HoldHenderson, NC is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The Henderson, NC metro area scores 59/100, ranking #548 of 894 US metros (top 61%). The 6.05% rent-to-price ratio indicates moderate cash flow potential. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-369/mo
Cap Rate
3.9%
Cash-on-Cash
-11.8%

Ready to Invest in Henderson, NC?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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