The typical owner-occupied home in Henderson is worth about $75,800, 82% below the Maryland median of $419,900 and 77% below the national median of $332,700. Owners pay a median $917 a year in property taxes, about 1.21% of their home's value, higher than the Maryland rate of 0.97%. The median household earns $100,938 a year, so the median home costs 0.8 times the median income (4.1 times for Maryland). 36% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Henderson at a glance
| Henderson | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $75,800 | $419,900 | $332,700 |
| Median property tax paid per year | $917 | $4,093 | $3,119 |
| Property tax as a share of value | 1.21% | 0.97% | 0.94% |
| Median household income | $100,938 | $103,678 | $80,734 |
| Homes lived in by their owners | 36% | 68% | 65% |
| Owner homes with a mortgage | 0% | 71% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,347 | $1,963 |
| Median rent | $1,167 | $1,705 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.8% | 30.6% |
| Median year homes were built | 1971 | 1979 | 1980 |
| Vacant homes | 23.5% | 7.7% | 10.1% |
| Population | 132 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Henderson
At this week's average 30-year rate of 7.11%, buying the median Henderson home of $75,800 with 20% down costs about $516 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $642, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $22,112 for the 20%-down payment. That payment is 6% of the median Henderson household income of $100,938; at that income and 20% down, the 28% guideline points to a home of about $346,000.
The median rent here is $1,167 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,160 |
|---|---|
| Loan amount | $60,640 |
| Principal and interest | $408 |
| Property taxes (1.21% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $516 |
Change the numbers in the calculator
| Down payment | $2,653 |
|---|---|
| Loan amount | $74,427 |
| Principal and interest | $501 |
| Property taxes (1.21% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $34 |
| Total per month | $642 |
Change the numbers in the calculator
Questions about home buying in Henderson
What is the median home value in Henderson?
About $75,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Henderson?
Homeowners pay a median $917 a year, which is about 1.21% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Henderson?
For the median home with 20% down at 7.11%, the payment is about $516 a month. Keeping that under 28% of gross income takes about $22,112 a year.
More about Henderson
- Mortgage Refinance in Henderson
- Debt Relief in Henderson
- Home Equity Loans in Henderson
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data