Denton County Real Estate and Livability Trends
Denton County, Texas showcases a fascinating blend of economic growth and shifting market dynamics. Average taxable income per tax return surged to $116,016.59 in 2021 from $76,072.53 in 2013, possibly driving up housing demand and property values. Home values nearly doubled from $197,600 in 2015 to $377,000 in 2022, signaling strong investment interest. Real estate taxes also rose, reflecting... Read more
Denton County Market Trends
The median home value in Denton County, Texas has jumped from $197,600 in 2015 to $377,000 in 2022, signaling strong demand and investment interest far outpacing state and national averages. Residential energy tax credits have surged, reaching $2992.11 per tax return by 2021, reflecting significant investments in energy-efficient home improvements that could boost property appeal and energy cost... Read more
Median Value of Occupied Housing Units in Denton County, Texas Over the Last 8 Years
The median home value in Denton County, Texas, has substantially increased from $197,600 in 2015 to $377,000 in 2022, outpacing both state and national growth rates. While Texas saw home values rise from $136,000 to $238,000 in the same period, and national figures grew from $125,500 to $179,400, Denton County's surge suggests a significant demand and investment interest in this region. This impressive growth might attract investors, potential homeowners, and developers eyeing significant appreciation in property values.
Residential Energy Tax Credit Per Tax Return in Denton County, TX Over the Last 9 Years
Over the past nine years, Denton County, Texas has seen a significant increase in residential energy tax credits per tax return. Starting from $370.99 in 2013, the average credit soared to $2992.11 by 2021. Notable spikes occurred in 2017 ($1074.73) and more dramatically in 2018 ($2909.45). This upward trend suggests growing investments in energy-efficient home improvements, which could indicate increased property appeal and potential energy cost savings for new homeowners. This trend is vital for real estate agents, property developers, and insurance agents as it potentially enhances property values and reduces long-term ownership costs.
Average Real Estate Taxes Per Tax Return in Denton County, TX Over the Last 10 Years
Over the past decade, the average real estate taxes per tax return in Denton County, Texas, have shown a steady increase, climbing from approximately $5,470.26 in 2012 to about $9,608.72 in 2021. This upward trend suggests rising property values and potentially higher demand in the area, which might be of interest to investors, developers, and real estate agents. Those looking to move to Denton County should consider the impact of these increasing tax rates on their overall cost of living. Additionally, appraisers and insurance agents may find this data useful for assessing property values and risk factors, respectively.
Percentage of Farm Returns in Denton County, TX Over the Last 10 Years
The percentage of farm tax returns in Denton County, Texas has steadily declined over the past decade, dropping from 1.03% in 2012 to approximately 0.76% in 2021. Farm tax returns represent filings by individuals or entities involved in agricultural activities, which can be an indicator of the agricultural sector's robustness in the region. This trend may suggest a gradual shift away from farming or a consolidation of farm operations, posing potential considerations for investors and property developers evaluating the changing landscape of Denton County.
Number of Mortgages by Occupancy Type in Denton County, TX Over the Last 5 Years in Denton County
In Denton County, Texas, the number of mortgages for principal residences has significantly fluctuated over the last five years, reaching peaks in 2020 with 99,707 mortgages and dipping to 60,392 in 2022. Interestingly, investment property mortgages have generally increased, peaking at 6,127 in 2021 before dropping the following year. Second residences have remained a small segment but had an uptick in 2021 as well. Changes in occupancy types are crucial as they reflect market confidence and potential income streams. Investors might look at the rising trend in investment properties as an indicator of growing rental demand. For insurance agents and appraisers, these trends highlight shifts in risk profiles and property valuations due to varying occupancy types. Real estate agents and potential homebuyers should note the volatility in principal residence mortgages, signaling changes in buyer behavior and possibly price sensitivity in the area.
Economic Outlook
Denton County, Texas has experienced a steady increase in average taxable income per tax return, hitting $116,016.59 in 2021, up from $76,072.53 in 2013. This rising prosperity could drive housing demand and boost property values. Average state and local income taxes have also jumped, reaching $19,932.13 in 2021 from $8,166.24 in 2012, suggesting either increased incomes or changing tax policies. The total tax liability per tax return has similarly climbed, moving from $14,066.68 in 2012 to... Read more
Average Taxable Income per Tax Return in Denton County, TX over the last 9 years
Denton County, Texas has generally seen a steady increase in average taxable income per tax return over the past nine years, reaching $116,016.59 in 2021 from $76,072.53 in 2013. This could be of keen interest to real estate agents and investors, pointing to rising prosperity that might drive housing demand and property values. Insurance agents might also note the increased financial capacity among residents, potentially impacting premium calculations. While variations do exist, the general trend suggests a robust economic environment, appealing to potential movers and builders eyeing the area for new developments.
Average State and Local Income Taxes Per Tax Return in Denton County, TX Over the Last 10 Years
Denton County, Texas has seen a notable increase in average state and local income taxes per tax return over the last decade, jumping from approximately $8,166.24 in 2012 to around $19,932.13 in 2021. This upward trend suggests rising incomes or changing tax policies that could impact investment decisions, property values, and cost of living considerations. For those looking at real estate or financial planning in this area, understanding these developments could be crucial.
Average Total Tax Liability Per Tax Return in Denton County, TX Over the Last 10 Years
Over the past decade, Denton County, Texas has seen a notable upward trend in the average total tax liability per tax return, starting from approximately $14,066.68 in 2012 and rising most significantly to around $22,426.75 by 2021. This gradual increase may suggest growing incomes or property values, which could be a critical factor for potential investors, homebuyers, appraisers, and insurance agents to consider when evaluating the area's economic landscape. Real estate agents might see this as an indicator of a robust market, while current residents should stay informed on how these trends could impact household budgets.
Cost of Living in Denton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,059 | $1,496 | $1,920 | $1,754 | $1,419 |
| 1 adult 4 children | $2,059 | $1,222 | $1,468 | $1,754 | $1,577 |
| 2 adults 3 children | $2,059 | $1,222 | $1,666 | $1,754 | $1,193 |
| 1 adult 3 children | $2,059 | $998 | $1,214 | $1,754 | $1,336 |
| 2 adults 2 children | $1,634 | $1,000 | $1,412 | $1,526 | $944 |
| 1 adult 2 children | $1,634 | $747 | $960 | $1,526 | $998 |
| 2 adults 1 child | $1,634 | $791 | $1,158 | $786 | $842 |
| 1 adult 1 child | $1,634 | $511 | $706 | $786 | $777 |
| 2 adults | $1,384 | $635 | $904 | $0 | $703 |
| 1 adult | $1,314 | $346 | $452 | $0 | $609 |
Safety trends & Data
Property crime trends in Denton County, Texas over the past five years have shown varying patterns that could impact real estate perceptions. Larceny-theft incidents have generally decreased from 980.00 in 2018 to 799.00 in 2022, which might be encouraging for residents. However, fraud incidents spiked, peaking at 329.00 in 2021, and motor vehicle thefts surged from 51.00 in 2019 to 111.00 in 2022, potentially raising concerns for insurers and property investors. Embezzlement declined... Read more
Property Crime Trends in Denton County, TX Over the Last 5 Years
Property crime trends in Denton County, Texas over the last five years reveal an inconsistent pattern, with notable fluctuations in various crime categories. While larceny-theft has generally exhibited a downward trend from 980.00 incidents in 2018 to 799.00 in 2022, fraud incidents have seen a significant rise, peaking at 329.00 in 2021. Motor vehicle thefts, however, have surged from 51.00 cases in 2019 to 111.00 in 2022, which may be concerning for potential insurers and property investors. Embezzlement has dramatically decreased over the years, falling to single digits by 2021 and 2022, while burglary rates, although initially dropping, seem to hover within a similar range each year. These varying crime trends could have implications for real estate agents, potential investors, and residents considering the safety and insurance costs of property in Denton County.
Demographics
Denton County, Texas is characterized by a somewhat balanced gender distribution with slightly more females than males. Educational attainment tends to skew towards higher education, with a significant portion of the population holding bachelor's or advanced degrees. The age distribution indicates a fairly young population, with substantial numbers in the under 44 age brackets. Racially, the county is predominantly White, followed by notable Black or African American and Asian communities,... Read more
Race Distribution in Denton County, Texas (2022)
Educational Attainment in Denton County, Texas (2022)
Age Distribution in Denton County, Texas
Citizen Population in Denton County, Texas (2022)
Political Trends & Data
Denton County, Texas, exhibited a small lead for Republicans in the 2020 U.S. Presidential Election with 53.2% of the vote, while Democrats gathered 45.1%. Libertarians and Green Party candidates combined for about 1.6%, highlighting a primarily two-party competition. This distribution suggests a stable Republican influence but a notable Democratic presence that could hint at evolving political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Denton County, Texas, the political landscape during the 2020 U.S. Presidential Election showed a slight lead for Republicans with approximately 53.2% of the vote, while Democrats garnered around 45.1%. Libertarians and Green Party candidates captured roughly 1.3% and 0.3% respectively, indicating a predominantly two-party competition. The data might suggest a relatively stable Republican influence, though the Democrats' strong showing could point to shifting dynamics worth monitoring in future elections.
53.23% of voters voted for the Republican party in the 2020 Presidential Election
45.15% of voters voted for the Democrat party in the 2020 Presidential Election
1.30% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Green party in the 2020 Presidential Election
0.07% of voters voted for the Other party in the 2020 Presidential Election
School Data
Denton County, Texas, has experienced a decrease in its student-to-teacher ratios, dropping from a peak of 16 in 2016 to around 14 recently. For prospective homeowners and real estate agents, these lower ratios could suggest smaller class sizes and better educational outcomes, making the area potentially more attractive. Investors and builders might see this as a sign of stable or improving education quality, which could positively impact future resale values. Compared to the national average... Read more
Student-to-teacher ratio in Denton County, Texas over the last 10 years
Over the past decade, Denton County in Texas has seen fluctuations in its student-to-teacher ratio, peaking at 16 in 2016 and then gradually decreasing to around 14 in the most recent years. This trend offers potential insights for individuals considering investments or moves to this location. For instance, prospective homeowners and real estate agents might find the recent lower ratios reassuring, indicating potentially smaller class sizes and more individualized attention in schools. For investors and builders, stable or improving education quality could suggest a favorable future resale value. Comparing to the national average of 14 students per teacher, Denton County's recent ratios appear competitive, potentially enhancing its appeal to families prioritizing education.
