Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 4,979 people, 1,658 houses or apartments, and a median cost of homes of $373,933, 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 55.11% of the town's housing units. Other types of housing that are prevalent in Denton include large apartment complexes or high rise apartments ( 24.61%), row houses and other attached homes ( 11.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.91%).
The most prevalent building size and type in Denton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 51.51% owning and 48.49% renting.
Denton homes and real estate are some of the newest in America. 30.27% of Denton's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Denton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.01%), and between 1940-1969 ( 25.07%). There's also some housing in Denton built before 1939 ( 15.65%).
Appreciation rates for homes in Denton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.90%, which ranks in the top 40% nationwide. This equates to an annual average Denton house appreciation rate of 7.12%.
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 12.05%, which is higher than appreciation rates in 98.50% 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 -0.10%, which equates to an annual appreciation rate of -0.40%.
Relative to Maryland, our data show that Denton's latest annual appreciation rate is higher than 90% of the other cities and towns in Maryland.
$373,933
for Maryland
for nation
1,658
$1,558 / per month