Nevada’s Second Most Populous City
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Henderson is a city in Clark County, Nevada. It is located southeast of Las Vegas. It is the second biggest city in Nevada after Las Vegas, and the popular Lake Las Vegas can be found in it.
Culture, History, and Business
On April 16th, 1953, the city of Henderson was incorporated, but it was first put in the map in the 1940s during the Second World War because it was the major supplier of the much-needed magnesium in the US used to power its light engine planes and bombs.
A producer of industrial chemicals, metals, and a foremost manufacturing center. Henderson has made conscious efforts at diversification, making Henderson a competitive marketplace for technology and communication. Some of these top industries have shown immense growth: education services, the supplier industry, medical and biomedical technology, tourism, and computer and electronic transfer.
In a bid to revamp its tourism industry, Henderson changed its slogan of over 25 years ‘A place called home’ in March 2019.
City leadership, the community, and businesses for the past two decades have been tirelessly working to diversify the city’s economy with solid programs put forth to drag modern industries. Currently, several large corporations have their headquarters or large offices in Henderson, and some of them include Ford Credit, Ocean Spray Cranberries, Levi Strauss & Company, Spectrum Pharmaceuticals, Barclays Capital, Smart-Holding, Ardyss International, and Good Humor-Breyer.
Real Estate Appeal
The rate of growth in Henderson seems not to be slowing down. The rankings of 2011 Forbes list ranking Henderson as the Second America safest city paved the way for population influx into it, and it’s still going on as city reports in 2019 show nearly 6,000 people moving into Henderson every month. This means about 50,000 every year, experts claim. This trend will lead to explosive population increase, which will mean that demand for real estate, especially rentals is always going to rise.
Rental yields at the city center are at a rate of 11.46% while outside the city center is 11.98%. The cost of renting a one-bedroom in the city center and outside the city is $1,190.88 and $1,163.33, respectively. Similarly, the cost of renting a three-bedroom in the city center and outside the city is $1,760.58 and $1510.93, respectively. The cost of an apartment in the city center is $2,085.34 per sq. meter while outside the city center cost $1,853.89 per sq. meter.
For details of why you should consider investing and the hottest neighborhoods, see our subsequent related articles.
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