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Real Estate Prices & Overview

Hillcrest Estates / Forest Place Addition median real estate price is $2,033,822, which is more expensive than 99.8% of the neighborhoods in Texas and 98.9% of the neighborhoods in the U.S.

The average rental price in Hillcrest Estates / Forest Place Addition is currently $2,679, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.7% of the neighborhoods in Texas.

Hillcrest Estates / Forest Place Addition is a suburban neighborhood (based on population density) located in Dallas, Texas.

Hillcrest Estates / Forest Place Addition real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Hillcrest Estates / Forest Place Addition neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.

Hillcrest Estates / Forest Place Addition has a 12.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 70.1% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Dallas, the Hillcrest Estates / Forest Place Addition neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Hillcrest Estates / Forest Place Addition neighborhood is wealthier than 99.5% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood. As one would expect in a considerably wealthy neighborhood such as this, Hillcrest Estates / Forest Place Addition also has one of the lowest ratings of child poverty in the nation.

In addition, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Hillcrest Estates / Forest Place Addition neighborhood may actually hold the key. 75.3% of its residents are married, which is a higher percentage than is found in 99.0% of the neighborhoods in America.

Also, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 83.7% of the adults living in the Hillcrest Estates / Forest Place Addition neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 98.8% of U.S. neighborhoods. In this way, this neighborhood truly stands out.

Finally, a majority of the adults in the Hillcrest Estates / Forest Place Addition neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Texas by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 97.5% of the neighborhoods in Texas. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates, active retirees and families with school-aged children.

Real Estate

Owner-occupied real estate dominates the Hillcrest Estates / Forest Place Addition neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 99.1% of neighborhoods in America.

In addition, the Hillcrest Estates / Forest Place Addition neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 100.0% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 98.7% of all neighborhoods in America.

Furthermore, one way that the Hillcrest Estates / Forest Place Addition neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 97.4% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

Occupations

Executives, managers and professionals make up 79.1% of the workforce in the Hillcrest Estates / Forest Place Addition neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 98.9% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Diversity

Did you know that the Hillcrest Estates / Forest Place Addition neighborhood has more Swiss and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.9% of this neighborhood's residents have Swiss ancestry and 4.0% have Eastern European ancestry.

Hillcrest Estates / Forest Place Addition is also pretty special linguistically. Significantly, 3.8% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 96.5% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Hillcrest Estates / Forest Place Addition neighborhood in Dallas are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 99.5% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Hillcrest Estates / Forest Place Addition neighborhood, 79.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 15.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (2.6%), and 2.5% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Hillcrest Estates / Forest Place Addition neighborhood is English, spoken by 88.7% of households. Other important languages spoken here include Spanish, French and Langs. of India.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Hillcrest Estates / Forest Place Addition neighborhood in Dallas, TX, residents most commonly identify their ethnicity or ancestry as German (21.1%). There are also a number of people of English ancestry (16.8%), and residents who report Irish roots (11.0%), and some of the residents are also of French ancestry (7.2%), along with some Mexican ancestry residents (5.9%), among others. In addition, 11.8% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Hillcrest Estates / Forest Place Addition neighborhood spend between 15 and 30 minutes commuting one-way to work (43.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (75.3%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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