Denton Economic Development Partnership
photobar
HOME
 
BUSINESS
LOCATION
EXISTING
BUSINESS
AIRPORT
DEVELOPMENT
DOWNTOWN
DEVELOPMENT
INVEST
IN DENTON
NEWS/
REPORTS
RESOURCE
ROOM
ABOUT US
 
INVESTOR
LOGIN

Housing & Income

Federal, State and Local Figures

2007 Family Income Estimates

Entity

Median Family Income

Per Capita Income

Families Below Poverty Level

Individuals Below Poverty Level

City of Denton

60,874

22,201

11.7%

20.1%

Denton County

87,084

31,409

4.3%

7.2%

State of Texas

55,742

23,938

12.8%

16.3%

United States

60,374

26,178

9.8%

13.3%

Source: US Census Bureau, 2007 American Community Survey (ACS)

  Median Family and Per Capita Income

Aggregate Household Income Projections by Race and
Mean Household Income for North Central Texas Region

Year

White

Black

Hispanic

Other

Total

Income

2010

$104,723,925,000

$14,159,532,824

$21,297,952,215

$7,230,410,462

$147,411,820,501

$61,866

2020

$114,429,843,036

$17,183,968,653

$32,357,391,639

$10,216,466,621

$174,187,669,949

$60,327

2030

$121,229,815,378

$19,698,105,643

$46,710,230,442

$13,669,804,470

$201,307,955,933

$58,851

Source: Texas State Data Center 0.5 Scenario


Denton County Residential Housing Annual Averages 2000-2008
Year
Number of Sales
Average Price
Median Price
Months on Inventory
2000
512
$166,783
$143,958
4
2001
557
$174,645
$151,209
5
2002
544
$176,575
$152,067
6
2003
562
$179,133
$153,192
7
2004
646
$184,117
$155,208
6
2005
715
$189,758
$157,950
5
2006
744
$195,325
$161,617
5
2007
677
$206,300
$165,333
5
2008
569
$195,900
$159,700
6

Source: Real Estate Center at Texas A and M University


2000-2008 Price Distribution of Homes Sold in Denton County

Price of Home

2000

2001

2002

2003

2004

2005

2006

2007
2008

$29,999 or less

0.2%

0.1%

0.1%

0.2%

0.2%

0.1%

0.1%

0.2%
0.2%

30,000-59,999

2.0%

1.3%

1.4%

1.3%

1.4%

1.4%

1.2%

1.4%
1.8%

60,000-89,999

11.2%

7.0%

5.7%

4.8%

5.2%

4.5%

4.1%

4.4%
5.2%

90,000-139,999

33.8%

34.4%

34.7%

33.4%

32.3%

31.4%

29.6%

27.9%
29.9%

140,000-199,999

28.2%

30.3%

32.2%

33.3%

32.4%

33.3%

33.2%

30.8%
30.9%

200,000-399,999

21.8%

24.4%

22.6%

23.5%

24.1%

24.6%

26.2%

28%
26.2%

400,000 and Greater

2.7%

2.6%

3.4%

3.6%

4.3%

4.8%

5.6%

7.2%
5.9%
Total
100%
100%
100%
100%
100%
100%
100%
100%
100%

Source: Real Estate Center at Texas A and M University

Home Occupancy and Vacancy Rates

Entity

Occupied Housing Units

Vacant Housing Units

Homeowner Vacancy Rate

Rental Vacancy Rate

City of Denton

35,410

3,282

3.7%

7.0%

Denton County

201,202

17,573

2.8%

8.8%

State of Texas

8,244,022

1,189,097

2.5%

10.6%

Source: US Census Bureau, 2007 ACS

 

Owner and Renter Occupied Units
Entity
Owner Occupied Housing Units
Renter Occupied Housing Units

City of Denton
17,337
18,073

Denton County
136,336
64,886

State of Texas
5,373,524
2,870,498

Source: US Census Bureau, 2007 ACS

Rental Units and Rent

Entity

Renter Occupied Units

Median Rent

City of Denton

18,073

$758

Denton County

64,866

$862

State of Texas

2,870,498

$734

Source: US Census Bureau, 2007 ACS

Denton Housing Composition

Year

Housing Units

New Residential

Demolition

Total

 

Single-family

% of SF

% Change of SF

Multi-family

% of MF

% Change of MF

Single-family

Multi-family

Single-family

Multi-family

Housing Units

Percent Increase

2000

17,276

52.75

 

15,477

47.25

 

 

 

 

 

32,753

 

2001

18,520

53.29

7.20

16,233

46.71

4.88

1,252

756

8

0

34,753

6.106310872

2002

19,584

54.64

5.75

16,259

45.36

0.16

1,081

26

17

0

35,843

3.136419877

2003

20,634

55.90

5.36

16,280

44.10

0.13

1,065

21

15

0

36,914

2.988031136

2004

21,813

57.33

5.71

16,233

42.67

-0.29

1,205

13

26

60

38,046

3.066587203

2005

23,009

58.63

5.48

16,236

41.37

0.02

1,247

3

51

0

39,245

3.151448247

2006

23,863

59.08

3.71

16,530

40.92

1.81

891

294

37

0

40,393

2.925213403

2007

24,357

59.25

2.07

16,754

40.75

1.36

522

224

28

0

41,111

1.777535712

2008

24,913

59.34

2.28

17,074

40.66

1.91

588

324

32

4

41,987

2.13081657

2009

25,241

59.14

1.32

17,440

40.86

2.14

360

374

32

8

42,681

1.652892562

YTD 2010

25,310

59.22

0.27

17,426

40.78

-0.08

74

6

5

20

42,736

0.12886296

Source: City of Denton's Planning, Building Inspection and Economic Development Departments

Notes:

  • Year 2000 housing units were derived from U.S. Census Bureau, Census 2000
  • Housing Units after year 2000 consist of "Housing Units" from previous year plus

'New Residential" minus "Demolition”

Definitions:

  • Single-family includes one-unit detached and attached and 2 units (duplexes)
  • Multi-family includes three or more units and mobile homes

 

 

 

 

 

 

 Denton Residential Composition

Average market value of city residences with a homestead exemption in 2008: $156,339
Number of residences with a homestead exemption within Denton 2008: 15,879
Average market value of residences with a homestead exemption within the Denton Independent School District in 2008: $176,111
Number of residences with a homestead exemption within Denton Independent School District in 2008: 24,753
Average market value of residences with a homestead exemption within Denton County in 2008: $211,710
Number of residences with a homestead exemption within Denton County in 2008: 122,199

Source Denton Central Appraisal District 2008

2008 Property Tax Rates
Entity
 Rate
City of Denton

0.66652
Denton County

0.23577
Denton School District

1.49000
Total per $100 of valuation

2.39229

Source: Denton Central Appraisal District

2008 Sales Tax Rates

Taxing Entity

Rate

City of Denton

0.015

Denton County Transportation Authority

0.005

State

0.0625

Total

0.0825

Source: Dental Central Appraisal District

ACCRA Cost Price Index Comparison with Major Cities

Atlanta, GA

97.2
Austin, TX                 95.5

Boston, MA

133.6

Dallas/Fort Worth, TX (includes Denton)

92.1

Denver, CO

105.0
Los Angeles, CA

147.7

Miami, FL

116.6
New York, NY

219.8

Phoenix, AZ

101.1
San Francisco, CA

172.1

Seattle, WA

123.0

Source: Council for Community and Economic Research, 2008

Average Building Costs

Retail

Average Retail Lease Rate:

$12 - $30 SF  Triple Net 

Retail Pad Site:

$10 - $20 SF

Office

Average Office Lease Rate:

$12 - $18 SF  Triple Net 

Medical Office Lease Rate:

$16 - $20 SF  Triple Net 

Office Pad Site:

$8 - $15 SF

Industrial

Average Industrial Lease Rate:

$5.50 SF  Triple Net 

Industrial Site Cost:

$1.5 - $2 SF

Industrial Building Cost:

$30 - $50 SF

Denton Chamber of Commerce

City of Denton Household Income

$250,000 +

2%

$100,000 - 249,999

20%

$50,000 - $99,000

27%

$35,000 - $49,000

15%

$25,000 - $34,999

10%

$15,000 - $24,999

8%

Less than $15,000

7%

Source Claritas 2007

According to Claritas figures, the average household income is 57,833 in the City of Denton, which is slightly lower than the national average of $66,670. The per capita income for the City of Denton is $22,760 compared to a national figure of $25,495.

City of Denton Household Projections
Year
Number of
Households

1990

52,414

2000

44,432

2007

33,340

2012

26,742

Source: Claritas 2007