Rent vs buy in Hendersonville, TN

In Hendersonville, Tennessee, the typical monthly rent is $1,651 and the typical home value is $515,384.

Rent

Renting costs $77k less over 7 years

Today's mortgage rate is paired with Hendersonville's typical rent and home value, using 20% down. The break-even point arrives in year 23.

Clearly marked opinion, with the calculations included. These are estimates, not quotes. The stamp updates whenever you change a number.

Renting leads by: $77k
Break-even point: year 23
Actual cost of ownership: $4,316 /mo

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For calculations, the stamp takes the typical rent and home value for Hendersonville's market. The result can change based on your rent, price and years.

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Does renting or buying cost less in Hendersonville?

Over 7 years, renting costs $77,339 less after you count the money returned when you sell. For the first 22 years, renting costs less. In year 23, owning catches up.

Renting. Owning. Net cost to date, by year.

Average rent versus mortgage payment in Hendersonville

At Hendersonville's typical price, here's every monthly cost for year 1, beyond just rent and the mortgage.

Each month, year 1	Amount	What it is
Rent	$1,651	All of it, every month
Mortgage payment	$2,810	$2,477 of it is interest in year 1
Property tax	$245	0.57% of the value a year
Insurance	$113	Census median for the city
Upkeep	$429	1% of the value a year
Owning, cash out	$3,597	$333 of it builds equity
Lost return on the down payment	$838	Annual return on the cash at 8.3%
Buying costs, spread out	$215	3.5% of the price over 7 years
True cost of owning	$4,316	Cash out after subtracting the equity part, then add the two lines above

The figures behind the Hendersonville verdict

Typical home value Zillow ZHVI, September 2026: $515,384
Typical rent Zillow ZORI, September 2026: $1,651 /mo
With a 20% down payment, private mortgage insurance is avoided, but the engine does not model it: 20%
Mortgage rate Freddie Mac Primary Mortgage Market Survey (FRED MORTGAGE30US): 7.24%
Growth in home prices: FHFA home price index for Tennessee, 1995 to 2025: A yearly rate of 4.7%.
Rent growth: CPI primary-residence rent, yearly growth 2006 to 2026: 3.5% each year
Savings return40% 10-year Treasuries and 60% S&P 500 with dividends, rebalanced yearly, 1928 to 2025: 8.3% yearly
Property tax Census ACS 2020-2024, Hendersonville: Value times 0.57%
Home insurance Census ACS 2020-2024, Hendersonville: $113 /mo
Maintenance: Fannie Mae, lower end of a 1% to 4% range: Each year, 1% of value.
Buying costs Freddie Mac, middle of 2% to 5%: Price times 3.5%
Sale costsAgent commission plus closing costs: 6% of the price

In Hendersonville, what would make it flip?

Every line marks the point where Hendersonville's 7-year verdict changes, with everything else unchanged.

Renting comes out ahead when

Home prices grow by less than 6.4% a year. Our rate is 4.7%, Tennessee's long-run rate.
A mortgage rate above 4.56% remains in place.
A home like this has a monthly rent below $2,480 (the typical rate here is $1,651).
Before year 23, you move.

Buying comes out ahead when

Home prices grow at more than 6.4% a year.
A mortgage rate below 4.56% is what you lock in (today's is 7.24%).
That home would rent for more than $2,480 a month.
You remain for 23 years or more.

How Hendersonville compares with the other 812 cities

Measure	Hendersonville	Median city
Typical home value	$515,384	$422,451
Typical rent	$1,651 /mo	$1,837 /mo
Price-to-rent ratio	26.0 (#121 of 813)	18.5
Home prices, last 10 years	6.4% a year	6.2% a year
Rents, last 5 years	2.4% a year	4% a year
Property tax	0.57%	0.87%
Households that rent	28%	42%

Sources: Zillow's ZHVI and ZORI, Census ACS 2020-2024.

More cities across Tennessee

Rent. Clarksville, TN. Renting is cheaper by $19k.
Rent. Spring Hill, TN. Renting is cheaper by $45k.

Tennessee rent vs buy numbers