While the University of North Texas has long driven housing demand in Denton, the city has remained an affordable option for North Texas buyers.
According to Jim Berrong, associate broker with Dave Perry-Miller Real Estate, an Ebby Halliday Real Estate company, Denton has historically been a strong investment market as buyers snap up houses that can be rented to UNT students and staff.
But lately, the city’s residential real estate environment has been spurred by the city’s proximity to employers and Fort Worth Alliance Airport.
The city itself has also undergone improvements, and with its location near Lewisville Lake, Denton is becoming more family friendly. Niche.com ranks it 52nd among the best cities to live in America, awarding it an A-minus grade for family friendliness.
Its pricing also makes Denton attractive to homebuyers. Since it’s not in a hot development area like Plano or Frisco, prices tend to be lower.
“They’re doing nice things to the community to enhance it, and the cost of housing is so low, you can go in and find nice selections that you can’t in other communities,” Berrong added.
The average price for a home in Denton ranges between $250,000 and $300,000, though there are exceptions on the high and low ends.
To see what your dollar can buy in Denton, click through the slideshow above.