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 26,328 people, 9,588 houses or apartments, and a median cost of homes of $221,658, house prices in Denison are solidly below the national average.
Single-family detached homes are the single most common housing type in Denison, accounting for 77.00% of the city's housing units. Other types of housing that are prevalent in Denison include large apartment complexes or high rise apartments ( 11.08%), duplexes, homes converted to apartments or other small apartment buildings ( 6.03%), and a few row houses and other attached homes ( 3.07%).
The most prevalent building size and type in Denison are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.60% owning and 40.40% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Denison's housing was primarily built during this period, from the '40s through the '60s. A full 41.78% of the city's housing hails from this era. Other housing ages represented in Denison include homes built between 1970-1999 ( 30.57%) and housing constructed between 2000 and later ( 15.25%). There's also some housing in Denison built before 1939 ( 12.40%).
Vacant housing appears to be an issue in Denison. Fully 11.51% of the housing stock is classified as vacant. Left unchecked, vacant Denison homes and apartments can be a drag on the real estate market, holding Denison real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Denison has experienced some of the highest home appreciation rates of any community in the nation. Denison real estate appreciated 136.15% over the last ten years, which is an average annual home appreciation rate of 8.97%, putting Denison in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Denison definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Denison appreciation rates have trailed the rest of the nation. In the last twelve months, Denison's appreciation rate has been 2.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Denison were at -0.90%, which equates to an annual appreciation rate of -3.54%.
Notably, Denison's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Denison's latest annual appreciation rate is lower than 70% 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 Denison differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Denison - 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 Denison real estate investment or home purchase decisions.
$221,658
for Texas
for nation
9,588
$1,589 / per month