Henderson Real Estate Market Overview
Average Monthly Rent:
$1,322
Percentage Change in Home Price/Value:
0.40%
Median Home Value:
$327,400
Best Time To Sell Home:
June
Affordability Index:
120
Days To Sell House:
58.25
Job Market:
Strong
Public School Ranking:
43
Location and Weather
Henderson is only 7 miles from Las Vegas, and lies at the southern rim of the Las Vegas Valley. It serves as a lakeside oasis with its many resorts, shops, and restaurants. It’s 3,592-acre developed area surrounds a 320-acre artificial lake, known as Lake Las Vegas.
The summers are very hot, with the average high temperatures above 95 and lows in the low 80’s. Its dry, desert heat comes with little humidity and the winters are mild, with highs in the upper 60’s and lows in the mid 30’s.
Population, Job Market and Cost of Living
For the second year in a row, Henderson has been named Nevada’s fastest growing city. Contributing to that growth are the city’s master-planned communities, which have attracted new residents that live close to business hubs, high-quality schools, and parks. Henderson’s population in 2018 was 310,390, with a growth rate of 3.59%. The job growth has increased by 3.53% over last year and in ten years, is predicted to be 42.07%. The city is a manufacturing/producing center of metals and industrial chemicals, but its diversification includes a competitive marketplace for communications technology. The largest employers are US Web, M Resort Spa & Casino, and Ardyss International. The cost of living is moderate, due to the Henderson real estate market and availability of housing.
Forbes, Bloomberg Business, and CNN Money have ranked Henderson as the second safest city in America, as well as one of the top 100 best cities to live and retire in. With its growing job market, beautiful lake location, recreational activities, and moderate cost of living, Henderson will continue to be one of Nevada’s fastest growing cities.
