

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
| 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

