Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Denton County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $472,969 | $248,418 | $242,182 |
| Price Trend (Annual %) | 10.3% | 9.9% | 8.2% |
| Median Gross Rent | $1,642 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 6.6% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Denton County is about 90% higher than in Texas. Rent is about 23% higher than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Denton County, up about 10.3% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Denton County rose about 65.9% between 2015 and 2023, from $990 to $1,642. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Denton County.
Buying the median-priced home in Denton County costs roughly 24.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Denton County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Denton County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $472,969 | $248,418 | $242,182 |
| Median Household Income | $108,787 | $76,510 | $78,145 |
| Price-to-Income Ratio | 4.3 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Denton County rose about 121.2%, while median household income rose about 55.2% between 2009 and 2023 — 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 County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.3% | 56.5% | 58.2% |
| Rental Rate | 33.0% | 33.8% | 31.3% |
| Vacancy Rate | 4.8% | 9.6% | 10.6% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Denton County has a homeownership rate of 62.3%, higher than the Texas average of 56.5%. Its housing vacancy rate is 4.8%, compared with 9.6% in Texas.
Housing Stock
| Metric | Denton County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.69 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1999 | 1989 | 1978 |
| Median Number of Rooms | 6.1 | 5.4 | 5.5 |
The typical housing unit in Denton County was built around 1999. On average, 2.7 people live in a home with about 6.1 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Denton County, Texas.
What is the median home price in Denton County, Texas?
The median home price in Denton County, Texas is $472,969, higher than the Texas average of $248,418.
What is the average home price in Denton County, Texas?
The typical home price in %s, reported as the median sale price, is %s. 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 County, Texas?
The median gross rent in Denton County, Texas is $1,642 per month, higher than the Texas average of $1,338.
What was the median gross rent in Denton County in 2020?
In 2020, the median gross rent in Denton County, Texas was $1,269 per month.
What is the price-to-rent ratio in Denton County, Texas?
The price-to-rent ratio in Denton County, Texas is about 24.0, meaning it would take roughly 24.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Denton County.
Are home prices or rent rising faster in Denton County, Texas?
Both home prices and rent are rising in Denton County, up about 10.3% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Denton County, Texas?
62.3% of households in Denton County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Denton County, Texas?
The housing vacancy rate in Denton County, Texas is 4.8%, lower than the Texas average of 9.6%.