414 Parkway
P.O. Box 1719
Denton, TX 76202-1719
940.382.7151
940.243.9695 metro
940.382.0040 fax
Housing & Income
Federal, State and Local Figures
| Age and Economic Characteristics | ||||
|---|---|---|---|---|
Entity |
Median Family Income |
Per Capita Income |
Median Age |
65 and Over |
City of Denton |
$64,417 |
$22,891 |
28.9% |
8.3% |
Denton County |
$84,842 |
$30,960 |
32.4% |
5.9% |
State of Texas |
$56,650 |
$24,318 |
33.0% |
10.0% |
Source: US Census Bureau, 2005-2009 American Community Survey (ACS)
Median Family and Per Capita Income
Source: US Census Bureau, 2005-2009 American Community Survey (ACS)
| 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 2000-2010 |
Year |
Average Price |
Median Price |
Months on Inventory |
2000 |
$166,783 |
$143,958 |
4 |
2001 |
$174,645 |
$151,209 |
5 |
2002 |
$176,575 |
$152,067 |
6 |
2003 |
$179,133 |
$153,192 |
7 |
2004 |
$184,117 |
$155,208 |
6 |
2005 |
$189,758 |
$157,950 |
5 |
2006 |
$195,325 |
$161,617 |
5 |
2007 |
$206,300 |
$165,333 |
5 |
2008 |
$195,900 |
$159,700 |
6 |
| 2009 | $192,018 |
$161,100 |
5.8 |
| 2010 | $197,700 |
$162,900 |
6.0 |
Source: Real Estate Center at Texas A and M University
| 2000-2010 Price Distribution of Homes Sold in Denton County | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Price of Home |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 | 2010 |
$29,999 or less |
0.2% |
0.1% |
0.1% |
0.2% |
0.2% |
0.1% |
0.1% |
0.2% |
0.2% |
0.3% | 0.5% |
30,000-59,999 |
2.0% |
1.3% |
1.4% |
1.3% |
1.4% |
1.4% |
1.2% |
1.4% |
1.8% |
1.9% | 2.1% |
60,000-89,999 |
11.2% |
7.0% |
5.7% |
4.8% |
5.2% |
4.5% |
4.1% |
4.4% |
5.2% |
5.2% | 5.6% |
90,000-139,999 |
33.8% |
34.4% |
34.7% |
33.4% |
32.3% |
31.4% |
29.6% |
27.9% |
29.9% |
28.6% | 27.5% |
140,000-199,999 |
28.2% |
30.3% |
32.2% |
33.3% |
32.4% |
33.3% |
33.2% |
30.8% |
30.9% |
33.5% | 31.2% |
200,000-399,999 |
21.8% |
24.4% |
22.6% |
23.5% |
24.1% |
24.6% |
26.2% |
28% |
26.2% |
25.7% | 27.2% |
400,000 and Greater |
2.7% |
2.6% |
3.4% |
3.6% |
4.3% |
4.8% |
5.6% |
7.2% |
5.9% |
4.9% | 5.8% |
| Total | 100% |
100% |
100% |
100% |
100% |
100% |
100% |
100% |
100% |
100% | 100% |
Source: Real Estate Center at Texas A and M University
Home Occupancy |
|||
|---|---|---|---|
Entity |
Occupied Housing Units |
Vacant Housing Units |
Total Housing Units |
City of Denton |
42,635 |
3,576 |
46,211 |
Denton County |
240,289 |
15,850 |
256,139 |
State of Texas |
8,922,933 |
1,054,503 |
9,977,436 |
Source: US Census Bureau, 2010
Denton Housing Composition
Year |
Housing Units |
New Residential |
Demolition |
Total |
||||||||
|
Single-family |
Percent of SF |
Percent Change of SF |
Multi-family |
Percent of MF |
Percent Change of MF |
Single-family |
Multi-family |
Single-family |
Multi-family |
Housing Units |
Percent Increase |
2000 |
17,276 |
52.75 |
|
15,477 |
|
|
|
|
|
32,753 |
|
|
2001 |
18,520 |
53.29 |
7.20% |
16,233 |
46.71 |
4.88% |
1,252 |
756 |
8 |
0 |
34,753 |
6.11% |
2002 |
19,584 |
54.64 |
5.75% |
16,259 |
45.36 |
0.16% |
1,081 |
26 |
17 |
0 |
35,843 |
3.14% |
2003 |
20,634 |
55.90 |
5.36% |
16,280 |
44.10 |
0.13% |
1,065 |
21 |
15 |
0 |
36,914 |
2.99% |
2004 |
21,813 |
57.33 |
5.71% |
16,233 |
42.67 |
-0.29% |
1,205 |
13 |
26 |
60 |
38,046 |
3.07% |
2005 |
23,009 |
58.63 |
5.48% |
16,236 |
41.37 |
0.02% |
1,247 |
3 |
51 |
0 |
39,245 |
3.15% |
2006 |
23,863 |
59.08 |
3.71% |
16,530 |
40.92 |
1.81% |
891 |
294 |
37 |
0 |
40,393 |
2.93% |
2007 |
24,357 |
59.25 |
2.07% |
16,754 |
40.75 |
1.36% |
522 |
224 |
28 |
0 |
41,111 |
1.78% |
2008 |
24,913 |
59.34 |
2.28% |
17,074 |
40.66 |
1.91% |
588 |
324 |
32 |
4 |
41,987 |
2.13% |
2009 |
25,241 |
59.14 |
1.32% |
17,440 |
40.86 |
2.14% |
360 |
374 |
32 |
8 |
42,681 |
1.65% |
2010 |
25,546 |
58.82 |
1.21% |
17,883 |
41.18 |
2.54% |
342 |
464 |
37 |
21 |
43,429 |
1.75% |
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
Please see the Statistical Trends and News of Denton (STaND) report for the the
most current permit activity in 2011.
Denton Residential Composition
Average market value of city residences with a homestead exemption in 2010: $157,264
Number of residences with a homestead exemption within Denton 2010: 17,464
Average market value of residences with a homestead exemption within the Denton Independent School District in 2010: $168,364
Number of residences with a homestead exemption within Denton Independent School District in 2010: 28,727
Source Denton Central Appraisal District 2010
| Property Tax Rates |
|---|
Entity |
Rate |
|---|---|
| City of Denton | 0.68975 |
| Denton County | 0.27390 |
| Denton School District | 1.53000 |
| Total per $100 of valuation | 2.49365 |
Source: Denton Central Appraisal District, 2010
| Sales Tax Rates | |
|---|---|
Taxing Entity |
Rate |
City of Denton |
1.5 |
Denton County Transportation Authority |
0.5 |
State |
6.25 |
Total |
8.25 |
Source: Dental Central Appraisal District, 2010
| ACCRA Cost Price Index Comparison with Major Cities | |
|---|---|
| Denton, TX | 90.6 |
Dallas, TX |
95.8 |
| Atlanta, GA | 97.5 |
Phoenix, AZ |
98.3 |
| Denver, CO | 104.0 |
| Miami, FL | 104.6 |
| Seattle, WA | 116.1 |
| Los Angeles, CA | 135.3 |
| San Francisco, CA | 166.0 |
Source: Council for Community and Economic Research, August 2011
| 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 + |
3.1% |
$100,000 - 249,999 |
12.8% |
$50,000 - $99,000 |
27.3% |
$35,000 - $49,000 |
15.6% |
$25,000 - $34,999 |
11.9% |
$15,000 - $24,999 |
12.1% |
Less than $15,000 |
17.3% |
Source 2011 Claritas
According to Claritas figures, the average household income is $60,680 in the City of Denton, which is slightly lower than the national average of $67,529. The per capita income for the City of Denton is $23,481 compared to a national figure of $25,728.
| City of Denton Household Projections | |
|---|---|
Year |
Number of
Households |
1990 |
25,377 |
2000 |
30,895 |
2011 |
48,041 |
2016 |
56,830 |
Source: 2011 Claritas
The average household size in the City of Denton is 2.5, according to Claritas estimates.
Denton Economic Development Partnership 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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