Denton, Texas Housing Market Prices
Denton Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 10% above the Texas median$284,115
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Median rent 1% above the Texas median$1,409
Housing Market Overview
| Metric | Denton | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $284,115 | $258,873 | $248,835 |
| Price Trend (Annual %) | 10.3% | 9.2% | 7.5% |
| Median Gross Rent | $1,409 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.5% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Denton is about 10% higher than in Texas. Rent is about 1% higher than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Denton, up about 10.3% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Denton rose about 59.1% between 2015 and 2024, from $886 to $1,409. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Denton.
Buying the median-priced home in Denton costs roughly 16.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Denton. The price-to-rent ratio in Texas is about 15.4.
| Metric | Denton | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $284,115 | $258,873 | $248,835 |
| Median Household Income | $74,329 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.8 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Denton rose about 89.5%, while median household income rose about 51.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Denton | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.1% | 56.7% | 58.5% |
| Rental Rate | 48.3% | 33.9% | 31.2% |
| Vacancy Rate | 6.5% | 9.4% | 10.2% |
| Median Tenure (years) | 9.0 | 14.0 | 15.0 |
| Median Year Moved In | 2017 | 2012 | 2011 |
Denton has a homeownership rate of 45.1%, lower than the Texas average of 56.7%. Its housing vacancy rate is 6.5%, compared with 9.4% in Texas.
Housing Stock
| Metric | Denton | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1992 | 1990 | 1978 |
| Median Number of Rooms | 5.2 | 5.4 | 5.5 |
The typical housing unit in Denton was built around 1992. On average, 2.5 people live in a home with about 5.2 rooms, staying for about 9.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Denton, Texas.
What is the median home price in Denton, Texas?
The median home price in Denton, Texas is $284,115, higher than the Texas average of $258,873.
What is the average home price in Denton, Texas?
The typical home price in Denton, Texas, reported as the median sale price, is $284,115. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Denton, Texas?
The median gross rent in Denton, Texas is $1,409 per month, higher than the Texas average of $1,402.
What was the median gross rent in Denton in 2020?
In 2020, the median gross rent in Denton, Texas was $1,111 per month.
What is the price-to-rent ratio in Denton, Texas?
The price-to-rent ratio in Denton, Texas is about 16.8, meaning it would take roughly 16.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Denton.
Are home prices or rent rising faster in Denton, Texas?
Both home prices and rent are rising in Denton, up about 10.3% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Denton, Texas?
45.1% of households in Denton, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Denton, Texas?
The housing vacancy rate in Denton, Texas is 6.5%, lower than the Texas average of 9.4%.
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