Renter percentages in zip code 89044 have remained relatively low, ranging from 14% to 20% between 2013 and 2022. Despite this, average rent prices have shown an upward trend. In 2013, the average rent was $1,735, and by 2022, it had increased to $1,809, a 4.3% rise over nine years. This modest increase in rent prices, compared to the substantial rise in home prices, suggests that renting has remained a more affordable option for some residents, even as the area's popularity has grown.

In 2023 and 2024, the housing market in zip code 89044 showed signs of stabilization. The average home price in 2023 was $525,372, a slight decrease from 2022, but still significantly higher than previous years. In 2024, the average home price increased slightly to $535,708. Notably, federal interest rates rose to 5.02% in 2023 and 5.33% in 2024, which may have contributed to the moderation in home price growth.

Looking ahead, based on historical trends and current market conditions, we can expect the average home prices in zip code 89044 to continue a moderate upward trajectory over the next five years. However, the rate of increase is likely to be more tempered compared to the rapid growth seen in the early 2020s. Average rent prices are predicted to follow a similar pattern, with modest increases expected as the area continues to attract new residents.

In summary, zip code 89044 in Henderson, Nevada, has demonstrated a strong and stable housing market characterized by high homeownership rates and significant appreciation in property values. The area has shown resilience to changes in interest rates, maintaining its appeal to homeowners. While renting remains a minority option, it has provided a more affordable alternative in a market of rising home prices. The recent stabilization in home prices, coupled with higher interest rates, suggests a maturing market that is likely to continue growing, albeit at a more sustainable pace in the coming years.