Henderson Nevada is the second largest city in Nevada, right behind the infamous gambling capital Las Vegas, which is a just a hop, skip and a jump away from Henderson itself. Henderson boasts a population of over 270,000 people and has their own dedicated fire, police, utility services and Henderson even has its own city Mayor, Andy A. Hafen and city council. They also have the Henderson Pavilion, which is the largest outdoor amphitheater in the entire state of Nevada.

However Henderson, NV isn’t immune to the forclosure crisis plaguing American cities today. Henderson has 8,210 foreclosed homes with an average sale price of $183,904. In November 1 in every 3,885 Housing units had a foreclosure filing in Henderson and the trend doesn’t look to be slowing. In zip code 89052 1 out of every 45 housing units has been given a foreclosure notice compared to zip code 89014 which has the slowest rate of foreclosure in Henderson which is at 1 in every 434 housing units. Based on the last two calendar quarters, Henderson is the city in Nevada with the third greatest drop of average home sales prices, with a decrease of -30.37 %. That’s a pretty big drop in just two quarters. The city with the highest gain is Reno, NV, which increased 610.20%

This downward spiral doesn’t seem to be slowing or look like it has an end in sight. Hopefully with Henderson being so close to glitzy and glamorous Las Vegas it will recover faster then other cities in the nation when the economy eventually begins to upswing.