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 3,154 people, 888 houses or apartments, and a median cost of homes of $329,482, Cedar Creek real estate prices are well above average cost compared to national prices.
Mobile homes or trailers are the single most common housing type in Cedar Creek, accounting for 79.01% of the town's housing units. Other types of housing that are prevalent in Cedar Creek include single-family detached homes ( 20.99%).
Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Cedar Creek. Owner-occupied housing accounts for 81.53% of Cedar Creek's homes, and 88.54% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Cedar Creek built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cedar Creek built between 2000 and later ( 37.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.11%).
In the last 10 years, Cedar Creek has experienced some of the highest home appreciation rates of any community in the nation. Cedar Creek real estate appreciated 133.95% over the last ten years, which is an average annual home appreciation rate of 8.87%, putting Cedar Creek in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cedar Creek definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Cedar Creek appreciation rates have trailed the rest of the nation. In the last twelve months, Cedar Creek's appreciation rate has been 2.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cedar Creek were at 1.70%, which equates to an annual appreciation rate of 6.98%.
Relative to Texas, our data show that Cedar Creek's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.
$329,482
for Texas
for nation
888
$2,123 / per month