414 Parkway
P.O. Box 1719
Denton, TX 76202-1719
940.382.7151
940.243.9695 metro
940.382.0040 fax

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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

Housing Activity in the City of Denton
Year	Housing units		New Residential		Demolition		Total
	Single Family	Multi Family	Single Family	Multi Family	Single Family	Multi Family	Housing Units	Percent Increase
2007	24,357	16,754	522	224	28	0	41,111	1.8%
2008	24,913	17,076	588	324	32	2	41,989	2.1%

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

Single Family includes two family dwellings

Includes issued and finalized permits

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