CALCMONEY // HOME AFFORDABILITY // NV // HENDERSON
How much house can you afford in Henderson? Based on local median home prices, current NV mortgage rates, and Henderson property tax data.
$460,000
$2,853/mo
$122,271/yr
$237,372
Monthly housing costs of $2,853 represent 47.5% of Henderson's median gross monthly income ($6,000/mo). At 47.5%, median-income buyers in Henderson are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $460,000 |
| Down Payment (20%) | $92,000 |
| Loan Amount | $368,000 |
| Monthly PI Payment | $2,424 |
| Monthly Property Tax | $238 |
| Monthly Insurance Est. | $192 |
| Total Monthly PITI | $2,853 |
| Housing Cost % of Income | 47.5% |
| Required Income (28% rule) | $122,271/yr |
| Max Affordable Home | $237,372 |
$16,100
$3,667/mo
Henderson Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $460,000 | Henderson city median |
| Down Payment (20%) | $92,000 | Conventional loan |
| Monthly PITI | $2,853 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $122,271 | Annual gross |
| Max Affordable Home | $237,372 | Based on median income |
| FHA Down (3.5%) | $16,100 | Minimum FHA |
| Housing Cost % of Income | 47.5% | Median income: $72,000/yr |
| Property Tax Rate | 0.62% | $2,852/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Henderson is $460,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $368,000, generating a monthly P&I payment of $2,424. Adding property taxes ($238/mo) and homeowners insurance ($192/mo) brings total monthly PITI to $2,853.
Henderson's property tax rate of 0.62% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Henderson median home, that is $238/month, or $2,852 per year.
Nevada has no state income tax, improving effective take-home pay for Henderson residents and giving buyers additional capacity relative to equally-priced homes in high-tax states.
Using the 28% rule, a household earning Henderson's median income of $72,000/year can afford up to $1,680/month in total housing costs. Based on Henderson's mortgage rate of 6.9% and property tax rate of 0.62%, that translates to a maximum affordable home price of approximately $237,372 with 20% down on a 30-year loan.
To afford the median Henderson home priced at $460,000, you need an annual gross income of approximately $122,271. Total monthly housing costs (principal and interest of $2,424, property taxes of $238, and insurance of $192) come to $2,853/month, which equals 28% of the required income.
At the median home price of $460,000 and median household income of $72,000, the total monthly housing cost of $2,853 represents 47.5% of gross monthly income. This is well above the standard 28% threshold, making Henderson a challenging market for buyers at median income.
A conventional 20% down payment on the median Henderson home of $460,000 is $92,000. An FHA loan requires just 3.5% down — $16,100 — but adds mortgage insurance of roughly $314/month, bringing total FHA payments to $3,667/month.
Las Vegas
$440,000 median
NVReno
$480,000 median
NVNorth Las Vegas
$390,000 median
NVSparks
$448,000 median