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 a population of 4,924, 1,530 total housing units (homes and apartments), and a median house value of $307,579, Denton real estate values are some of the lowest in Maryland, although compared to real estate around the nation, Denton homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Denton, accounting for 60.60% of the town's housing units. Other types of housing that are prevalent in Denton include large apartment complexes or high rise apartments ( 18.45%), row houses and other attached homes ( 11.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.62%).
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 56.84% owning and 43.16% renting.
Denton homes and real estate are some of the newest in America. 32.46% 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 ( 29.05%), and between 1940-1969 ( 20.10%). There's also some housing in Denton built before 1939 ( 18.39%).
Real estate appreciation rates in Denton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.92% during the period.
NeighborhoodScout's data show that during the latest twelve months, Denton's appreciation rate, at 10.37%, has been at or slightly above the national average. In the latest quarter, Denton's appreciation rate has been 9.06%, which annualizes to a rate of 41.48%.
Importantly, this makes Denton one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Maryland, our data show that Denton's latest annual appreciation rate is higher than 60% of the other cities and towns in Maryland.
$307,579
for Maryland
for nation
1,530
$1,621 / per month