Henderson, MN
Population 933 · Minnesota
About Henderson, MN
Henderson is a small community located in Minnesota with a population of 933 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,750 per year, which is 18% above the national median of $75,149. The median age of 36.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Henderson features a median home value of $207,800, which is 15% below the national median of $244,900. This positions Henderson in a moderately priced market relative to the rest of the country. Median monthly rent is $926, 20% below the national average of $1,163/month. Of the 413 total housing units, 79% are owner-occupied (295 units) and 21% are renter-occupied (79 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Henderson shows an unemployment rate of 4.3%, which is near the national rate of 3.7%. The poverty rate stands at 9.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Henderson have an average one-way commute time of 33 minutes.
Education & Demographics
22.1% of Henderson residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.5% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.8% of the population being foreign-born.
Cost of Living in Henderson, MN
Compared to national averages, Henderson has a median household income of $88,750 (18% above the national median of $75,149). Home values average $207,800, which is 15% below the national median. Monthly rent at $926 is 20% below the US average of $1,163. Within Minnesota, Henderson's income is 20% above the state average of $74,221, and home values are 2% above the state median of $204,472.
Why Live in Henderson, MN?
Henderson offers a strong local economy with a median household income of $88,750, well above the national average, and affordable housing with a median home value of $207,800, below the US average of $244,900, and rent that’s lower than the national average at $926/month. Additionally, the city features a low poverty rate of 9.9%, better than the national average.
Henderson has a population of 933 with a median age of 36.8 years. Compare Henderson with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Henderson
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pine River | 928 | $39,858 | $133,300 | Compare |
| Harris | 924 | $92,727 | $301,100 | Compare |
| Browerville | 922 | $46,100 | $129,600 | Compare |
| Silver Lake | 922 | $75,000 | $184,800 | Compare |
| Sherburn | 946 | $63,026 | $97,900 | Compare |
| Mazeppa | 948 | $88,929 | $231,200 | Compare |
| Grand Meadow | 954 | $68,750 | $169,100 | Compare |
| Birchwood Village | 960 | $156,653 | $461,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Henderson With Other Cities
Frequently Asked Questions about Henderson
What is the population of Henderson, MN?
The population of Henderson, MN is 933 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Henderson?
The median household income in Henderson, MN is $88,750 per year, which is 18% above the national median of $75,149.
What is the median home value in Henderson?
The median home value in Henderson, MN is $207,800, which is 15% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Henderson?
The median monthly rent in Henderson, MN is $926, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Henderson?
The unemployment rate in Henderson, MN is 4.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Henderson, MN a good place to live?
Henderson offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 933 and a median age of 36.8, the city appeals to a broad range of residents.
How educated is Henderson, MN?
22.1% of residents in Henderson aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Henderson?
Key cost-of-living indicators for Henderson, MN: median home value is $207,800 (15% below national), median rent is $926/month, and median household income is $88,750. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Henderson?
The poverty rate in Henderson, MN is 9.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Henderson, MN?
Henderson's population is 0.5% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.6% two or more races. 2.8% of residents are foreign-born.