Is Providence Village, TX growing?
Providence Village, TX had an estimated 8,721 (±23) residents in 2020–2024, against 7,141 in 2015–2019.
That is a change of +22.1%, a measurable increase.
Its housing went from 2,123 to 2,859 homes (+34.7%), a measurable increase.
12.5% of today’s homes were built in 2020 or later.
Figures last updated on .
- Residents now
- 8,721 (±23)
- Amount of change
- +22.1%
- Homes change
- +34.7%
- Built 2020 or later
- 12.5%
Residents and homes in Providence Village, 2015–2019 and 2020–2024
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 7,141 (±25) | 8,721 (±23) | +22.1% | Measurable increase |
| Housing units | 2,123 (±150) | 2,859 (±194) | +34.7% | Measurable increase |
| Households that rent | 27.6% (±8.7 points) | 22.5% (±8.4 points) | −5.1 percentage points | Not a measurable change |
| Median gross rent | $1,727 (±$115) | $2,413 (±$111) | +39.7% | Up after inflation |
| Median home value | $213,700 (±$8,433) | $351,000 (±$15,042) | +64.2% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Growth in Providence Village against Denton County, its state and the nation
| Residents | Verdict | Housing units | |
|---|---|---|---|
| Providence Village | +22.1% | Measurable increase | +34.7% |
| Denton County | +17.5% | Measurable increase | +22.1% |
| Texas | +6.8% | Measurable increase | +10.9% |
| United States | +3.1% | Measurable increase | +4.6% |
A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.
New homes in Providence Village
| Year built | Providence Village | Denton County | Texas | United States |
|---|---|---|---|---|
| 2020 or later | 12.5% (±6.0 points) | 6.8% | 4.0% | 2.0% |
| 2010 to 2019 | 34.5% (±8.5 points) | 25.9% | 17.4% | 9.4% |
| 2000 to 2009 | 51.8% (±7.5 points) | 24.6% | 17.9% | 13.6% |
47.0% of the homes in Providence Village were built in 2010 or later.
The median age of residents is 32.9 years.
Growth in places near Providence Village
| Place | Distance | Residents now | Amount of change | Verdict |
|---|---|---|---|---|
| Providence Village | — | 8,721 | +22.1% | Measurable increase |
| Paloma Creek | 1.4 mi | 3,016 | −8.6% | Not a measurable change |
| Paloma Creek South | 2.4 mi | 8,860 | +10.9% | Not a measurable change |
| Cross Roads | 2.6 mi | 2,035 | +54.5% | Measurable increase |
| Savannah | 2.9 mi | 6,469 | +8.7% | Not a measurable change |
| Krugerville | 3.3 mi | 1,577 | −7.2% | Not a measurable change |
| Little Elm | 3.8 mi | 54,820 | +19.3% | Measurable increase |
| Oak Point | 5.0 mi | 5,887 | +33.5% | Measurable increase |
| Aubrey | 5.1 mi | 7,396 | +98.2% | Measurable increase |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Providence Village
Is Providence Village growing?
Providence Village, TX had an estimated 8,721 residents in 2020–2024 and 7,141 in 2015–2019, a change of +22.1%: a measurable increase by the Census Bureau’s test.
How many homes have been added in Providence Village?
The estimated number of housing units went from 2,123 in 2015–2019 to 2,859 in 2020–2024 (+34.7%), a measurable increase.
How much new construction is there in Providence Village?
12.5% of homes in Providence Village were built in 2020 or later and 34.5% between 2010 and 2019.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Providence Village town, Texas
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Providence Village town, Texas
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Providence Village town, Texas
- Housing Units (B25001), 2015–2019 ACS 5-year estimates — Providence Village town, Texas
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Providence Village town, Texas
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Providence Village town, Texas
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Providence Village town, Texas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Providence Village town, Texas (place:59748, in state:48).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Providence Village at a glance
- Median rent in Providence Village
- Rent burden in Providence Village
- Renters and owners in Providence Village
- Income and affordability in Providence Village
- Home values in Providence Village
- Homeowner costs in Providence Village
- Property taxes in Providence Village
- Types of homes in Providence Village
- Vacancy rate in Providence Village
- Heating fuel in Providence Village
- Commute and cars in Providence Village
- How long people stay in Providence Village
- Texas landlord and tenant rules
- Housing across Denton County
- Housing data for every place in Texas