Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 873 people, 533 houses or apartments, and a median cost of homes of $105,678, house prices in Henning are some of the most affordable in Tennessee as well as the nation.
Single-family detached homes are the single most common housing type in Henning, accounting for 72.74% of the town's housing units. Other types of housing that are prevalent in Henning include large apartment complexes or high rise apartments ( 11.54%), mobile homes or trailers ( 10.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.18%).
The most prevalent building size and type in Henning are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.54% owning and 38.46% renting.
There is a lot of housing in Henning built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Henning built between 2000 and later ( 12.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.54%). There's also some housing in Henning built before 1939 ( 5.35%).
Vacant housing appears to be an issue in Henning. Fully 10.87% of the housing stock is classified as vacant. Left unchecked, vacant Henning homes and apartments can be a drag on the real estate market, holding Henning real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Henning have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 111.41%, which ranks in the top 30% nationwide. This equates to an annual average Henning house appreciation rate of 7.77%.
Over the last year, Henning appreciation rates have trailed the rest of the nation. In the last twelve months, Henning's appreciation rate has been 4.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Henning were at 2.75%, which equates to an annual appreciation rate of 11.45%.
Relative to Tennessee, our data show that Henning's latest annual appreciation rate is lower than 70% of the other cities and towns in Tennessee.
$105,678
for Tennessee
for nation
533
$1,063 / per month