Buy vs Rent in Henderson, NV (2026)
Median home price $420K · 1BR rent $1,600/mo · Price-to-rent ratio 21.9x.
Monthly cost of buying — 3 scenarios
30-year mortgage at 7% · Includes property tax, insurance, and maintenance estimates
| 3.5% down (FHA) | 10% down | 20% down (conventional) | |
|---|---|---|---|
| Down payment | $14,700 | $42,000 | $84,000 |
| Mortgage (P&I) | $2,696/mo | $2,515/mo | $2,235/mo |
| Property tax (est.) | $385/mo | $385/mo | $385/mo |
| Insurance (est.) | $175/mo | $175/mo | $175/mo |
| Maintenance (est.) | $350/mo | $350/mo | $350/mo |
| Total monthly cost | $3,606vs rent: +$2,006/mo | $3,425vs rent: +$1,825/mo | $3,145vs rent: +$1,545/mo |
| Income to qualify | $115,543/yr | $107,786/yr | $95,786/yr |
| Break-even (approx.) | ~1 yrs | ~2 yrs | ~5 yrs |
While renting, grow your down payment faster
High-yield savings accounts earning 4–5%+ APY — put your rent savings to work.
Henderson housing context
Frequently asked questions
Is it better to buy or rent in Henderson?
With a price-to-rent ratio of 21.9x, renting is often more cost-effective in Henderson in the short term. Buying makes more sense if you plan to stay 7+ years and can make a larger down payment.
How much do I need to earn to buy a home in Henderson?
With a median home price of $420K in Henderson, you'd need an annual income of roughly $95,786 to qualify with 20% down (at 7% rate, 28% housing ratio). With 10% down, you'd need about $107,786/year.
Mortgage at 7% 30-yr fixed · Property tax 1.1% est. · Maintenance 1% est. · Zillow, BLS · Q1 2026 · For general guidance only