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Housing & Income

Federal, State and Local Figures

2006 Family Income Estimates

Entity

Median Family Income

Per Capita Income

Families Below Poverty Level

Individuals Below Poverty Level

City of Denton

56,105

21,203

12%

21%

Denton County

81,272

29,830

6%

9%

Texas

52,355

22,501

13%

17%

United States

58,526

25,267

10%

13%

Source: US Census Bureau

Median Family and Per Capita Income

Poverty Level

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

Price Distribution of Homes Sold in Denton County

Price of Home

2000

2001

2002

2003

2004

2005

2006

2007

$29,999 or less

0.2

0.1

0.1

0.2

0.2

0.1

0.1

0.2

30,000-59,999

2

1.3

1.4

1.3

1.4

1.4

1.2

1.4

60,000-89,999

11.2

7

5.7

4.8

5.2

4.5

4.1

4.4

90,000-139,999

33.8

34.4

34.7

33.4

32.3

31.4

29.6

27.9

140,000-199,999

28.2

30.3

32.2

33.3

32.4

33.3

33.2

30.8

200,000-399,999

21.8

24.4

22.6

23.5

24.1

24.6

26.2

28

400,000 and Greater

2.7

2.6

3.4

3.6

4.3

4.8

5.6

7.2

Source: Real Estate Center at Texas A&am;M University

Home Occupancy and Vacancy Rates

Entity

Occupied Housing Units

Vacant Housing Units

Homeowner Vacancy Rate

Rental Vacancy Rate

City of Denton

31,513

4,213

1.3%

9.0%

Denton County

198,774

15,451

2.2%

7.5%

Texas

8,109,388

1,115,532

2.3%

10.3%

Source: US Census Bureau

Rental Units and Rent

Entity

Renter Occupied Units

Median Rent

City of Denton

15,396

$707

Denton County

63,124

$822

Texas

2,818,343

$711

Source: US Census Bureau

Average city home value in 2007: $136,546
Number of homes within Denton 2007: 23,340
Average home value within Denton Independent School District in 2007: $155,800
Number of homes within Denton Independent School District in 2007: 34,618
Average home value within Denton County in 2007: $192,291
Number of homes within Denton County in 2007: 160,812

Source Denton Central Appraisal District 2007

2007 Property Tax Rates
City of Denton

0.66652
Denton County

1.43400
Denton School District

0.23589
Total per $100 of valuation

2.33641

Source: Denton Central Appraisal District

2007 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

Cost Price Index Comparison with Major Cities

Atlanta, GA

193.8

Boston, MA

227.4

Dallas/Fort Worth, TX (includes Denton)

193.3

Denver, CO

202.0

Houston, TX

183.8

San Francisco, CA

216.1

Miami, FL

212.4

New York, NY

226.9

Phoenix, AZ

115.3

St. Louis, MO

193.2

Source: US Department of Labor and Bureau of Labor Statistics, 2007

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

Claritas Estimates

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