Cost of Living in Hendersonville
Hendersonville's cost-of-living case combines Tennessee's no-state-income-tax advantage with a housing market that's more stable (up a modest 1.8% YoY) than Murfreesboro's recent softening, though at a meaningfully higher price point given the lake-adjacent premium.
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Learn moreHousing runs pricier than Murfreesboro, reflecting the lake-adjacent premium
Redfin put Hendersonville's median home sale price at $511,622 as of June 2026, up a modest 1.8% year-over-year -- a stable, if unspectacular, appreciation rate. This sits meaningfully above Murfreesboro's $405,000 median (itself down 4.8% YoY), a real, disclosed price gap consistent with Hendersonville's lake-adjacent, more established-suburb identity versus Murfreesboro's university-town growth profile.
Rent shows a real, if modest, cross-source spread
One 2026 tracker cites Hendersonville's average apartment rent at $1,563/month (up a modest 0.19% YoY); a separate tracker instead cites a $1,377 overall median rent as of July 2026 (up 0.7% month-over-month). By unit size, one source cites: studio $1,244, one-bedroom $1,361 (742 sqft), two-bedroom $1,621 (1,086 sqft), three-bedroom $2,010 (1,393 sqft). See renting for the fuller breakdown.
The same statewide sales tax offset as Murfreesboro
Hendersonville's combined sales tax rate is 9.75% (7.0% state + 2.75% local), matching Murfreesboro and sitting at Tennessee's maximum local add-on. Tennessee's statewide average combined rate (9.61%) is the second-highest of any US state, behind only Louisiana (10.13%), per Tax Foundation's 2026 data -- a real, disclosed offset to the state's no-income-tax advantage, identical to the Murfreesboro picture.
Homeowners insurance: one clean city-specific figure, and one likely-unreliable outlier
One 2026 source cites Hendersonville homeowners insurance averaging $235/month (roughly $2,820/year) -- near or slightly below Tennessee's statewide average (cited at $3,045-$3,408/year across sources). A separate source cited a starkly different $711-$967/month range, more than 3x higher and inconsistent with every other Tennessee city-level figure reviewed in this dataset; that figure is flagged here as a likely data-quality outlier rather than incorporated. See insurance-hazard-costs.
Key takeaways
- Hendersonville's median home price ($511,622, Redfin June 2026, +1.8% YoY) runs meaningfully above Murfreesboro's ($405,000, down 4.8% YoY) -- a real, disclosed lake-adjacent price premium.
- Rent estimates show a modest cross-source spread: $1,563/month (one tracker, +0.19% YoY) vs. $1,377 median (a second tracker, July 2026) -- both far more stable than a sharply rising market.
- Hendersonville's 9.75% combined sales tax matches Murfreesboro at Tennessee's maximum local add-on; the state's 9.61% average combined rate is the 2nd-highest of any US state (Tax Foundation, 2026).
- A city-specific $235/month (~$2,820/yr) homeowners insurance figure is near or below the TN statewide average; a starkly higher $711-$967/month figure from a separate source is flagged as a likely outlier, not incorporated.
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