Henderson, NV Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Henderson, NV Housing Market Trends

With a population of 320,189, 116,123 total housing units (homes and apartments), and a median house value of $403,573, Henderson house prices are not only among the most expensive in Nevada, Henderson real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Henderson, accounting for 70.04% of the city's housing units. Other types of housing that are prevalent in Henderson include large apartment complexes or high rise apartments ( 17.54%), duplexes, homes converted to apartments or other small apartment buildings ( 5.75%), and a few row houses and other attached homes ( 5.51%).

The most prevalent building size and type in Henderson are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.72% owning and 36.28% renting.

There is a lot of housing in Henderson built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Henderson built between 2000 and later ( 42.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.82%).

Vacant housing appears to be an issue in Henderson. Fully 10.39% of the housing stock is classified as vacant. Left unchecked, vacant Henderson homes and apartments can be a drag on the real estate market, holding Henderson real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Henderson Home Appreciation Rates

In the last 10 years, Henderson has experienced some of the highest home appreciation rates of any community in the nation. Henderson real estate appreciated 146.42% over the last ten years, which is an average annual home appreciation rate of 9.44%, putting Henderson in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Henderson definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Henderson's appreciation rate, at 9.51%, has been at or slightly above the national average. In the latest quarter, Henderson's appreciation rate has been 3.54%, which annualizes to a rate of 14.94%.

Importantly, this makes Henderson one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Nevada, our data show that Henderson's latest annual appreciation rate is lower than 80% of the other cities and towns in Nevada.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Henderson differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Henderson - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Henderson real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$403,573

Henderson, NV HOME PRICES

> $1,327,000
2.1%
2.1%
$995,001 - $1,327,000
1.8%
1.8%
$663,001 - $995,000
7.7%
7.7%
$531,001 - $663,000
13.1%
13.1%
$398,001 - $531,000
25.1%
25.1%
$266,001 - $398,000
29.5%
29.5%
$133,001 - $266,000
16.0%
16.0%
$66,001 - $133,000
2.9%
2.9%
$0 - $66,000
1.9%
1.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NV

Value Relative To Nation

Number Of Homes And Apartments:
116,123

Henderson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NV*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
119.34% 3.72%
5
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,884 / per month

Homeownership Rate

Owners
63.7%
63.7%
Renters
36.3%
36.3%
Vacant
10.4%
10.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
42.0%
42.0%
1970 - 1999
54.9%
54.9%
1940 - 1969
2.8%
2.8%
1939 or Older
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
70.0%
70.0%
Townhomes
5.5%
5.5%
Small Apt. Buildings
5.7%
5.7%
Apt. Complexes
17.5%
17.5%
Mobile Homes
1.1%
1.1%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
6.9%
6.9%
2 Bedrooms
26.3%
26.3%
3 Bedrooms
38.4%
38.4%
4 Bedrooms
20.6%
20.6%
5 or more bedrooms
6.4%
6.4%
0.0% 100.0%
% OF HOMES