Henderson County, Tennessee: commercial real estate data.
Henderson County, Tennessee has a population of 27,980 across 520 square miles, up 1.2 percent since the 2020 census base. County output reached $1.06 bn in 2024, 508 establishments operate here, and the SBA record carries 4 7(a) approvals worth $1.4 m.
115 sourced county values · tier FULL · 11 sections
Henderson County
How many people live in Henderson County
- Population27,980
- Households10,920
- Average household size2.56
- Median household income$55,136
- Median age40.4
- Median gross rent$745 per month
- Median owner-occupied home value$164,800
- Home value to household income3.0 times
- Annual rent as a share of median income16.2 percent
- Adults 25 and over with a bachelor degree or higher16.1 percent
- Adults 25 and over with a graduate degree5.2 percent
- Adults 25 and over19,476
- Population under 186,359
- Share under 1822.7 percent
- Population 65 and over5,124
- Share 65 and over18.3 percent
- Working age population, 18 to 6416,497
- Civilian labor force11,966
- Unemployment rate6.1 percent
- Labor force participation, adults 18 and over55.3 percent
- Rank by population among Tennessee counties54th of 95
- Rank by population among US county-equivalents1542nd
Henderson County is the 54th largest of 95 Tennessee counties by population. A median home costs 3.0 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 22.7 percent against 18.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Henderson County
Is Henderson County growing
- Population change since the 2020 census base1.23 percent
- Census 2020 base population27,840
- Births, 2024321
- Deaths, 2024438
- Natural change, 2024-117
- Net domestic migration, 2024233
- Net international migration, 20242
- Total net migration, 2024235
- Cumulative net domestic migration, 2021 to 2024832
- Rank by growth among US county-equivalents1409th
The county has grown 1.23 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Henderson County
Where people moving to Henderson County come from
- Tax returns filed by households arriving674
- People arriving, from those returns1,314
- Adjusted gross income arriving$33.4 m
- Net adjusted gross income movement$0
- Average income of an arriving household$49,619
- Largest single originHenderson County Non-migrants (9,796 households)
- Largest single destination (9,796 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Henderson County Non-migrants | 9,796 | 20,677 | $591.6 m |
| Other flows - Different State | 243 | 474 | $15.3 m |
| Other flows - Same State | 184 | 377 | $8.1 m |
| Madison County | 103 | 191 | $4.8 m |
| Other flows - South | 103 | 212 | $4.8 m |
| Decatur County | 61 | 125 | $2.0 m |
| Other flows - West | 59 | 126 | $5.2 m |
| Other flows - Midwest | 56 | 85 | $3.8 m |
The largest single source of arrivals is Henderson County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Henderson County
What the Henderson County economy runs on
- County GDP, 2024$1.06 bn
- County GDP, 2023$1.02 bn
- GDP change, 2023 to 20244.5 percent
- GDP change over five years39.1 percent
- Rank by GDP among Tennessee counties57th
- Rank by GDP among US county-equivalents1801st
- GDP per resident$38,018
Output grew 4.5 percent in the latest year and 39.1 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Henderson County
Who employs people in Henderson County
- Covered employment, annual average8,429
- Establishments reporting614
- Average annual pay$47,219
- Average weekly wage$908
- Sector 31-33, employment1,649
- Sector 31-33, average annual pay$58,997
- Sector 62, employment1,166
- Sector 62, average annual pay$45,377
- Sector 44-45, employment1,164
- Sector 44-45, average annual pay$31,566
- Sector 48-49, employment919
- Sector 48-49, average annual pay$49,931
- Sector 52, employment351
- Sector 23, employment315
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 1,649 | 50 | $58,997 |
| Sector 62 | 1,166 | 77 | $45,377 |
| Sector 44-45 | 1,164 | 111 | $31,566 |
| Sector 48-49 | 919 | 26 | $49,931 |
| Sector 52 | 351 | 56 | $60,248 |
| Sector 23 | 315 | 52 | $58,910 |
| Sector 42 | 194 | 27 | $95,281 |
| Sector 56 | 163 | 23 | $39,194 |
The largest sector is the biggest private employer group at 1,649 jobs, 19.6 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Henderson County
What businesses operate in Henderson County
- Establishments, all industries508
- Employment at those establishments6,459
- Annual payroll$255.7 m
- Establishments per 1,000 residents18.2
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Henderson County
What is being built in Henderson County
- Housing units authorised by permit, 202427
- Declared construction value permitted$4.0 m
- Single family units authorised19
- Multifamily units authorised8
- Multifamily share of units29.6 percent
- Average declared value per unit$146,534
- Units authorised per 1,000 households2.5
Multifamily is 29.6 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Henderson County
How much SBA lending happens in Henderson County
- 7(a) approvals recorded4
- 7(a) gross approval dollars$1.4 m
- Average 7(a) approval$362,500
- Median 7(a) approval$500,000
- 10th percentile approval$125,000
- 90th percentile approval$700,000
- Largest single approval$700,000
- Jobs reported supported, 7(a)37
- Jobs per approval9.3
- Distinct 7(a) lenders active2
- Distinct industries receiving approvals3
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer25.0 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter3
- Franchise loans1
- Franchise share of approvals25.0 percent
- Leading industry by approval countAll Other Specialty Trade Contractors (2)
- Most active lenderThe Huntington National Bank (3)
- 504 approvals recorded1
- 504 gross approval dollars$686,000
- Average 504 approval$686,000
- Median 504 approval$686,000
- Distinct CDCs active1
- 504 jobs per approval24.0
- 504 jobs per million dollars approved35.0
- Most active CDCTennessee Business Development Corporation (1)
- 7(a) share of SBA approvals80.0 percent
- Combined SBA approval dollars$2.1 m
The average approval of $362,500 sits close to the median of $500,000, so lending here is fairly evenly sized rather than driven by a few large deals. Only 25.0 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Henderson County
Do SBA loans in Henderson County get paid back
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure3
- Status: Cancelled1
Too few loans have reached a final outcome to publish a charge off rate. only 0 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Henderson County
Which parts of Henderson County get the lending
- Places in the county with recorded lending2
- Lexington, approvals3
- YUMA, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Lexington | 3 | $750,000 |
| YUMA | 1 | $700,000 |
Lexington accounts for 3 approvals against 1 in YUMA. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Henderson County
How big is Henderson County
- Land area520 sq mi
- Rank by land area among Tennessee counties34th of 95
- Width, east to west24.4 mi
- Height, north to south28 mi
- Geographies sharing a boundary5
- Residents per square mile of land54
- Establishments per square mile0.98
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Henderson County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Henderson County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population27,980
- Households10,920
- Average household size2.56
- Median household income$55,136
- Median age40.4
Common questions
Henderson County questions, answered from the record.
How many people live in Henderson County, Tennessee?
27,980, in 10,920 households, ranking 54th of 95 Tennessee counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Henderson County growing?
The population has grown 1.23 percent since the 2020 census base. In 2024 there were 321 births against 438 deaths, with net migration of 235. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Henderson County?
$55,136. The median owner-occupied home is valued at $164,800, which is 3.0 times income, and median gross rent is $745 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Henderson County?
508 establishments, employing 6,459 people with an annual payroll of $255.7 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Henderson County?
Average annual pay is $47,219, or $908 a week, across 8,429 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Henderson County?
4 7(a) approvals totalling $1.4 m since FY2020, across 2 lenders, with a median approval of $500,000, plus 1 504 approvals worth $686,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Henderson County?
27 housing units were authorised by permit in 2024, with a declared construction value of $4.0 m. Multifamily was 29.6 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Henderson County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Henderson County come from?
The largest single origin is Henderson County Non-migrants, with 9,796 households. Arriving households report an average income of $49,619 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Henderson County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Henderson County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.