Is Hendersonville, TN a good place to invest in rental property?

Hendersonville, TN has a median modeled monthly cash flow of $-1,574 and a median cap rate of 2.9%, on a median sold price of $525,000. Prices changed +0.9% year over year.

What is the average cap rate in Hendersonville, TN?

The median cap rate across recently sold homes in Hendersonville, TN is 2.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hendersonville, TN?

The median sold price in Hendersonville, TN is $525,000 (about $229 per square foot).

Investing in Hendersonville, TN Real Estate

A data-driven snapshot of the Hendersonville, TN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$525,000Median sold price

$229Median $/sqft

2.9%Median cap rate

$-1,574Modeled cash flow / mo

+0.9%Appreciation YoY

14.8Months of supply

1,290Active listings

1,043Sold (last 12 mo)

What the Hendersonville numbers say

In Hendersonville, TN, the median home sold for $525,000 (about $229 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-1,574 of monthly cash flow. Sold prices moved +0.9% over the past year. Inventory sits at about 14.8 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Tennessee markets to compare

See Hendersonville cash-flowing listings

CashFlowRE ranks every for-sale home in Hendersonville, TN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Hendersonville deals, or browse the national market data.