Hendersonville Rental Market and Growth Rate
You want Lux Builder to build your custom home in Hendersonville, North Carolina. Besides having the knowledge, expertise, and connections to make the luxury home of your dreams come true, we also have the best up to date information in the current real estate market. Here’s why this small town in North Carolina is such a great place to buy property. You have to take into consideration multiple factors including, growth rate, real estate market, scenic mountain views, and the appreciation value. Hendersonville has seen a lot of growth these past few years and many people are making this the next hot vacation spot in North Carolina. This growth is not just in population but also includes the rental market, as Hendersonville has seen an increase in the number of rentals, rental prices, and money per capita. Lux Builder’s see the potential that this beautiful vacation town has to offer and so should you. Custom luxury home building in the Carolinas has never been so good.
The city of Hendersonville is located in North Carolina and covers about 1 square mile of land area with a population of just over 13,000 people. The rental market in Hendersonville, North Carolina, has been steadily growing for the past few years, and the average rent increased by 11% from 2021 to 2022 and has continued to rise this year as well. This is all due to an influx of new residents moving into the area and it makes for a great time to get into the market. The rental market in Hendersonville is very strong and is attributed to their population growth as well as their low unemployment rates.
The unemployment rate for Hendersonville was 3% in 2022 which is significantly lower than the national average. The town’s population has grown by more than 10% in the last four years, and it’s expected to grow by another 20% in the next five years. This is a great time for people looking to buy property, as Hendersonville’s rental market is strong and there are plenty of properties available. The housing market has been booming and that’s great news for those looking to buy property, rent out a vacation house or if you just want the perfect mountain view in Hendersonville, North Carolina.
Hendersonville is a perfect example of what can be achieved with careful planning and zoning. The city has been able to create more affordable housing options for residents and still maintain the integrity of the community. Mostly due to the fact that there are not as many vacant houses or lots available for development. Hendersonville rental market is very strong, on par with other major cities in North Carolina. This can be attributed to the fact that Hendersonville is a desirable place to live, with its low crime rates, high-quality schools, and low unemployment rates. In fact, the Hendersonville real estate market is one of the strongest in the nation. Hendersonville’s growth rate has been steadily increasing by more than 1% each year. Which is a lot faster than the national average of 0.3%. Build with Lux Builders now and tap into this investor friendly market now!