Rental numbers for Henderson County, NC
The typical home here runs -$1,398 a month at 7.78% with 25% down, breaking even at about 0.0%. 0 of 5 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.1%.
- Gross yield
- 5.2%
- typical home, Zillow
- Median ZIP yield
- 5.1%
- 5 ZIPs with full data
- Cash flow
- -$1,398/mo
- at 7.78%, 25% down
- Typical price
- $424,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,838/mo
- Zillow ZORI, Aug 2026
ZIP codes in Henderson County
10 with published figures
| 28729Etowah | $428,000 | $2,290* | 6.4% | 3.5% | -$1,055 | n/a |
| 28732Fletcher | $450,000 | $2,197 | 5.9% | 3.1% | -$1,265 | n/a |
| 28726East Flat Rock | $292,000 | $1,370* | 5.6% | 2.6% | -$931 | n/a |
| 28792Hendersonville | $371,000 | $1,691 | 5.5% | 2.7% | -$1,169 | +5.5% |
| 28790Zirconia | $399,000 | $1,720* | 5.2% | 2.6% | -$1,272 | n/a |
| 28739Hendersonville | $464,000 | $1,968 | 5.1% | 2.5% | -$1,541 | n/a |
| 28791Hendersonville | $424,000 | $1,725 | 4.9% | 2.2% | -$1,520 | n/a |
| 28731Flat Rock | $458,000 | $1,802 | 4.7% | 2.2% | -$1,640 | n/a |
| 28759Mills River | $525,000 | $1,810* | 4.1% | 1.7% | -$2,088 | n/a |
| 28742Horse Shoe | $490,000 | $1,370* | 3.4% | 1.0% | -$2,215 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- -1.7%
- Rent, 12 months
- +2.2%
- Rent minus price growth
- +3.9 pts
- Property tax
- 0.52%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $348,828 | $1,421 |
| Aug 2022 | $408,692 | $1,594 |
| Aug 2023 | $416,965 | $1,674 |
| Aug 2024 | $436,702 | $1,797 |
| Aug 2025 | $431,036 | $1,799 |
| Aug 2026 | $423,812 | $1,838 |
HUD Fair Market Rent
FY2027, Asheville, NC MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,482 | $1,714 | $1,866 | $2,223 | $3,109 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 25.7
- 1,311 units, last 12 months
- National percentile
- 95th
- among US counties
Tools
Test a listing in Henderson County against today's rate.
Open the calculatorPart of the Asheville, NC metro.
Questions
- Is Henderson County good for rental property?
- The typical home here runs -$1,398 a month at 7.78% with 25% down, breaking even at about 0.0%. 0 of 5 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.1%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Henderson County?
- About 0.52% of value, from Census ACS median taxes paid over median home value. On a $424,000 home that is about $2,183 a year.
- What is Fair Market Rent in Henderson County?
- HUD's FY2027 Fair Market Rent here is $1,714 for a 1-bedroom, $1,866 for a 2-bedroom and $2,223 for a 3-bedroom. Typical cash flow at today's rate is -$1,398 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.