Cost of Living,
Henderson's Real Estate Market
Las Vegas-Paradise Metro Area
Profile: Large resort city
Location: Southern Nevada near Colorado River
Time zone: Pacific Standard Time
|Desert climate||Summer heat|
|Job growth||Rising home prices|
|Air service||Tourist impact|
The unique and booming desert metropolis of Las Vegas continues to be a curiosity among today’s U.S. cities. Las Vegas is known for its famous “Strip”, an adult Disneyland attracting visitors worldwide to its gaudy hotel-casino reproductions of famous world places, like King Tut’s tomb or downtown New York or Paris. In fact, most of these “strip” sites are second generation, with older hotels being torn down and replaced with new fantasies apparently purposed as much to outdo each other as to entertain visitors. The reality: there is some one-upmanship going on, but it’s also an attempt on the industry’s part to keep Vegas in the forefront of the gambling/entertainment tourist’s mind with the sprouting of Indian casinos, riverboats, and other legalized gaming forms all over the country. The Strip is actually the “Paradise” in the metro area name, stretching south along Las Vegas Boulevard from a not-too-interesting real downtown area and has resisted annexation from the city proper. That’s probably okay; this area flourishes on its own and doesn’t get much attention in real life from local residents, except those who work there.
Stripping away tourism and entertainment still reveals a hot, dry, desert town exploding with growth. Las Vegas has the highest growth rate among larger metropolitan areas, and naturally the sprawl problems that accompany it. The economy is highly tied to the tourist trade and more recently the construction trade, as housing construction, some speculative, is booming. Residential high rises are sprouting all over, and some projects have recently been cancelled. Home prices have skyrocketed in recent years. The area has become quite popular with wealthy individuals and especially business owners looking for a favorable income and inheritance tax climate, and is also gaining ground as an “escape” destination from pricier West Coast locations and is picking up a number of overseas immigrants also bypassing the more expensive larger Coast cities. The economy has traditionally been a “barbell” type, with a group of wealthy individuals and a much larger group of workers supporting them and the casino and hospitality trade, with not much in between. This is changing slowly as some companies are starting to move facilities into the area – again from expensive coastal locations. The middle class is growing, but is still less evident than in most American cities. As mentioned, the Strip, while near the center of town, is fairly self contained with little spreading away from its central core. Sprouting up outside the city in most directions are suburbs and self-contained communities, particularly to the northwest, west and southeast, for many miles. A few high end community developments lie to the northwest, while Spring Valley to the west is middle class and one of the more family oriented communities. The strongest growth is occurring south and east in Henderson, once a separate town but now a booming commercial and retail center and location of most of the heavier industry in the area, with suburbs spreading mostly west. Finally, not inconsistent with other parts of the area, the posh Lake Las Vegas just northeast of Henderson is a man-made re-creation of a Mediterranean villa.
By in large, jobs are still tied to the cyclical tourism and entertainment industries and to construction. It remains to be seen how much Las Vegas attracts other businesses from other places. The University of Nevada at Las Vegas adds a college presence, sports entertainment and is a significant employer, as are local health care providers. The tourist industry brings excellent air service to all parts of the country at reasonable prices. The surrounding mountainous terrain offers hiking and rock-climbing opportunities and winter skiing. Bottom line: upsides include economic growth, albeit coming in a cyclically riskier form than most places, a pleasant winter climate and attractive housing especially for more upscale buyers. Downsides include heat, desert monotony, high violent crime rates, home prices, dependence on tourism and the constant influx of tourists.
Las Vegas is situated near the center of a broad desert valley surrounded by mountains rising 2,000 feet to 10,000 feet. The climate is arid with four distinct seasons. Maximum summer temperatures are in the 100[dg]F range. Mountain proximity contributes to relatively cool (mid-70s) summer nights. About 2 weeks each summer, warm, moist air moves in from the south, causing scattered thunderstorms, occasionally severe, together with higher than average humidity. Winters on the whole are mild and pleasant. Daytime temperatures average near 60[dg]F with mostly clear skies. Spring and fall seasons are generally the most pleasant, although sharp temperature changes can occur during these months. The city is the driest and sunniest in the United States, with cloudy days averaging about 2 per month and rainy days less than 1 per month year-round. Snow rarely falls.
Interesting Facts about Henderson (zip 89015), Nevada
As of 2014, Henderson (zip 89015)'s population is 38,910 people. Since 2000, it has had a population growth of 9.68 percent.--------------------
The median home cost in Henderson (zip 89015) is $132,800. Home appreciation the last year has been 22.90 percent.--------------------
Compared to the rest of the country, Henderson (zip 89015)'s cost of living is 5.70% Lower than the U.S. average.--------------------
Henderson (zip 89015) public schools spend $9,631 per student. The average school expenditure in the U.S. is $12,435. There are about 20.6 students per teacher in Henderson (zip 89015).--------------------
The unemployment rate in Henderson (zip 89015) is 7.00 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Henderson (zip 89015) jobs have Increased by 1.88 percent.
Ranked #2 Stressful Cities 2012
Ranked #4 America's Most (and Least) Stressful Cities (100 Largest Metro Areas)
Ranked #5 The Best Cities for Thanksgiving
Ranked #8 Most and Least Risky Places for Identity Theft
Ranked #8 The Most Single Cities
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Average Commute time is 24 minutes. The National Average is 25 minutes.--------------------
Henderson (zip 89015)'s Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes