New York Avenue Corridor Strategy Adopted Report New York Avenue Corridor Strategy Adopted Report | Page 31

NEW YORK AVENUE CORRIDOR STRATEGY
ECONOMIC AND DEMOGRAPHIC
INDICATORS

Economic and demographic characteristics in a
market are indicators of overall trends and eco-
nomic health which may affect private and pub-
lic sector investment. The following maps and
tables highlight select trends expected to affect
development and redevelopment demand within
the New York Avenue Study Area, Project Area
and Trade Area over the next several years.
The following summarizes demographic charac-
teristics for the Project Area as compared to the
City of Arlington and the North Texas (see Figure
3.2).
• The Project Area and City are projected
to grow at slower rates than the North
Texas overall.
• The Project Area has a higher share of
renter-occupied households and still
shows a higher average household size
than either the City or the North Texas.
• The Project Area skews younger than ei-
ther the City or the North Texas, with a
greater share of school-aged children.
• Education levels and household and per
capita incomes in the Project Area are
considerably lower than in the City and
North Texas overall. The Project Area
also contains a higher concentration of
lower-income (<$25,000) households.
• The Project Area has a higher concen-
tration of Hispanic residents than either
the City or North Texas, and a similar
concentration of African-American and
Asian-American residents.
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FINAL REPORT | SEPTEMBER 2013
Figures 3.3 through 3.13 illustrate geographic
distributions of some of the demographic indica-
tors described above. These exhibits are useful
in determining where concentrations of potential
buyers/renters might exist for various housing
products or potential customers for retail and
service establishments.