Rent, population, and median household income are important factors to consider for a 1031 exchange in Denton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Denton, Texas is a part of the Northwest Denton County submarket area, and contains 10 zip codes, including: 76205, 76208, 76207, 76206, 76209, and 76201.
Denton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Denton, TX submarket area was $1,437, which is 41.02% lower than 2014 average rent. This represents a compounded annual growth rate of 7.12%. 2019 vacancy in Denton, TX was 9.00%.
The total population of the city of Denton, TX has grown 22.19% since 2010. As of 2018, the population was 56,489. The median household income of the Denton was $138,541, which is 6.31% lower than the national average.
- submarket area Northwest Denton County
- avg rent $1,437
- rent growth 41.02%
- vacancy 9.00%
- median income $138,541
- population (2018) 56,489
- population growth 22.19%
- vs. nat'l avg 6.31%
- zip codes 76201 76202 76203 76204 76205 76206 76207 76208 76209 76210
