Cedar Crest has a high level of poverty compared to other U.S. neighborhoods. Around 30% of residents live below the poverty line, which is about two times greater than the average for Dallas County. However, the area’s poverty rate fell by 11 percentage points during the last decade, which was much faster than the decline in poverty in the rest of the county.
We can also observe how some of the indicators linked to future prosperity are currently performing.
Homeownership is high in Cedar Crest. Around 58% of homes are owner-occupied, which represents a slight increase over the last decade.
Housing growth during the ten years was positive in Cedar Crest. The number of homes in the neighborhood increased by 6%.
Long-term vacancy is very low in Cedar Crest. Only 2% of homes sit empty and off the market.
Self-employment rates are high in Cedar Crest. Approximately, 10% of workers work for themselves.