Denton, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Denton, TX Real Estate Data


Denton Housing Market Information

With a population of 131,044, 42,961 total housing units (homes and apartments), and a median house value of $192,105, Denton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Denton, accounting for 54.41% of the city's housing units. Other types of housing that are prevalent in Denton include large apartment complexes or high rise apartments ( 32.09%), duplexes, homes converted to apartments or other small apartment buildings ( 7.30%), and a few mobile homes or trailers ( 4.46%).

The most prevalent building size and type in Denton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.29% owning and 55.71% renting.

There is a lot of housing in Denton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Denton built between 2000 and later ( 33.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.26%). There's also some housing in Denton built before 1939 ( 1.50%).

Denton Home Appreciation Rates

In the last 10 years, Denton has experienced some of the highest home appreciation rates of any community in the nation. Denton real estate appreciated 34.77% over the last ten years, which is an average annual home appreciation rate of 3.03%, putting Denton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Denton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Denton that despite a nationwide downturn in the housing market, Denton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Denton appreciation rates continue to be some of the highest in America, at 8.64%, which is higher than appreciation rates in 94.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Denton. Denton appreciation rates in the latest quarter were at 3.93%, which equates to an annual appreciation rate of 16.66%.

Importantly, this makes Denton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Denton's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Denton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Denton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Denton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$192,105

Denton, TX HOME PRICES

Value Range
> $1,335,000 0.4
$1,001,001 - $1,335,000 0.2
$667,001 - $1,001,000 1.9
$534,001 - $667,000 1.3
$400,001 - $534,000 5.1
$267,001 - $400,000 11.4
$133,001 - $267,000 49.1
$67,001 - $133,000 20.5
$0 - $67,000 10.1

High for TX
High for Nation

Value Relative to Nation Value Relative to State
35.0998418926041 20.9708737864078

Number Of Homes And Apartments:
42,961

Rent & Ownership

 

Average Market Rent:
$1,240 / per month

Homeownership Rate

Homeownership
Owners 44.29
Renters 55.71
Vacant 7.99

Housing Market Details

 

Age of Homes

AGE OF Denton HOMES
2000 or Newer 33.4
1970 - 1999 47.8
1940 - 1969 17.3
1939 or Older 1.5

Types of Homes

TYPE OF Denton HOMES
Single-Family 54.4
Townhomes 1.7
Small Apt. Buildings 7.3
Apt. Complexes 32.1
Mobile Homes 4.5
Other 0.1

Home Size

SIZE OF Denton HOMES
No Bedroom 2.76
1 Bedroom 16.93
2 Bedrooms 23.95
3 Bedrooms 36.92
4 Bedrooms 15.95
5 or more bedrooms 3.49

Denton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
50.87% 2.45% 2 6
* 10 is highest