Henderson, NV has more than 300,000 population. It also strikes the perfect balance between a bustling city and a quaint community. Plus, it is an ideal place to raise a family or retire and enjoy the finer things in life. Henderson, Nevada's second-largest city, is only 16 miles south of Las Vegas. Residents in this city enjoy a dense suburban area with the ability to bike anywhere with ease. Henderson's streets have lined up with parks, bike trails, shops, and restaurants. Because of its proximity to Las Vegas, the city has grown into a main resort area. This situation resulted in significant economic growth. So now, many residents can find employment pretty much everywhere. Continue reading to learn everything you need to know about relocating to Henderson. See all things this thriving community has to offer.
Quick Facts
- Henderson is a town in Clark County, Nevada.
- Henderson has a median household income of $99,631 and a poverty rate of 7.97%.
- In recent years, the median rental cost has been $1,360 per month, with a median house value of $341,100.
- Henderson is growing at a 1.85% annual rate, but its population has decreased since the last census.
- Henderson has a population of 329,586 in 2022.
Henderson, NV in a Nutshell
Henderson, NV is part of the Las Vegas Metropolitan Area, which encompasses the entire Las Vegas Valley. It is about 16 miles southeast of Las Vegas and is the second-largest city in Nevada by population. Henderson has a lot to offer residents and tourists. The city has a thriving economy, excellent infrastructure, and limitless recreational opportunities. Because it is close to Vegas, the city is an ideal place for easy access to world-class entertainment. Besides these, many can also enjoy a relaxing lifestyle and amenities. It also has a beautiful blend of modern affluence, hometown charm, and plenty of green space. These things make it one of the best cities to live in the United States. Those moving to Henderson should take advantage of the state income tax exemption. Despite being Nevada's second-largest city, Henderson maintains a small-town atmosphere. It is also a golfer's dream. Many will be able to play on courses throughout the city and surrounding areas all year. Furthermore, with Vegas only a twenty-minute drive, there is no end to the activities to enjoy.
Economy
Henderson has experienced tremendous economic growth in recent years. Plus, it shows no signs of slowing down. Over the last two decades, government agencies, businesses, and the local community collaborated. They established aggressive programs to attract modern industries and diversify the city's economy. As a result, Henderson's economy now employs over 100,00 people across a wide range of industries. Henderson's unemployment rate is higher than the national average. Still, the city sees growth in the recent years to come. Indeed, experts see jobs growing by over 42.1% in the next decade. Its most popular markets are retail trade, arts, entertainment, education, and health care. Tourism is Henderson's most prominent and visible industry. Tourism fuels the economy in Henderson and throughout Clark County. These businesses range from casinos and golf clubs to hotels and spas. Medicine, information technology, and finance are also among other major industries in Henderson. The city enforced programs to diversify and modernize its economy over the last 20 years. Plus, there is no state income tax here.
Employment
Henderson's job market has grown by 3.5% in the last year. And its expected growth over the next ten years is about 10% higher than the national average of 33.5%. The unemployment rate is 4.5%, only a tad higher than the national average of 3.9%. The city draws many people because of the world-famous neighboring city. As a result, many residents work in the heart of Las Vegas, as few businesses have opened their doors. But, those who have opened businesses are small businesses rather than large corporations. The City and The St. Rose Dominican Hospital are the two largest employers in Henderson. Each employs at least around 2,500 people. Green Valley Ranch Resort & Spa and Sunset Station Hotel & Casino follow close. M Resort and the Las Vegas Raiders are the following largest employers. Each of these businesses employs at least 1,000 locals. Barclay's Services and Titanium Metals Corporation of America are the other companies. They also have at least 500 employees.
Real Estate in Henderson, NV
On average, one-third of Henderson residents rent their homes, with a monthly rent of $1,360. This rate is less than the $2,495 national average. As of 2022, the median home price was $341,100. This amount is also less than the $428,700 national average. But, the lack of a state income tax helps to offset the higher-than-average home and rent costs. In Henderson, NV, less than 40% of residents rent apartments, condos, or houses. The decreased demand and proximity to Las Vegas also impact monthly rental prices. As a result, rent and home prices in Henderson are higher than the national average. But there are still less expensive neighborhoods. Townsite, Black Mountain, and Green Valley South are among the most affordable areas. Other affordable areas include River Mountain, Clark County, Highland Hills, and Pittman.
Real Estate Trends
One very interesting fact is that 86% of properties sell in 30 days or less. Homes in Henderson sell after an average of 50 days on the market, compared to 139 days the previous year. That is a considerable number. A typical market has 4-6 months of inventory, and homes sell in 90-120 days. On average, properties here sell in less than 30 days, which indicates that homes have good prices. According to data, the market is stabilizing after a two-year boom. Last month, there was a very positive job report. The interest rates fell back into the low fives, which is reasonable. Experts believe the market is stabilizing and normalizing after two years of uncertainty. Rental prices are pretty high, and there is still a scarcity of rental properties. Those relocating to Henderson must consider the cost of renting or the cost of a mortgage. Finally, there are currently 2772 active listings and 220 new homes for sale in Henderson.
Final Thoughts
Whether moving cross-country alone or with your family, Henderson is a good destination. The city offers a comfortable climate, warm and friendly people. Plus, there are also great amenities and plenty of recreational opportunities. Henderson is a great place to live because it has a lot of sun all year. And there are no state income taxes, and it is safe, with some of the lowest crime rates in Nevada. Additionally, the city provides easy access to all that Sin City has to offer and its own attractions. Plus, there are dozens of family-friendly outings available within a close-knit community. These range from farmers' markets and movie nights to yoga classes and marathons. With endless perks and amenities, Henderson will make many proud to call it home.
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