Stein Valuation, Inc.
Real Estate Appraisals & Consultation
Our appraisal experience spans the spectrum of property types and includes, apartment, office buildings, industrial buildings, R & D Buildings, mobile home parks, residential subdivisions, retail buildings and shopping centers, mixed portfolios, same-use portfolios, mixed use buildings, and a multitude of other property types. If you are a new visitor to our site, we invite you to explore these pages for more information on our services and the appraisal industry.
Following is a typical Appraisal Location description utilized by the Appraiser in analyzing the general area market trends.
Fullerton Area Description
Fullerton City had a total population of 126,246, according to the U.S. Census Bureau's official census in year 2000. Out of the total population, 97,722 residents were at least 16 years of age. Records also indicate that there were 80,010 city residents aged 25 and above.
Based on the same census results, there were 39,286 students in Fullerton City. About 5.2% of the students were in nursery or preschool, 5.0% were in kindergarten, 36.0% were in elementary school, 18.1% were in high school, and 35.8% were in college or university. About 81.8% of the city's population aged 25 and above were high school graduates but only 31.3% had a bachelor's degree or higher.
Records further indicate that there were 29,875 families in the city. The median family income was $57,345. Only 3.9% of the families had earnings of less than $10,000; 21.2% earned $50,000 to $74,999; 14.5% earned $75,000 to $99,999; 12.8% earned $100,000 to $149,999; 4.4% earned $150,000 to $199,999; and only 4.3% earned $200,000 or more. Around 2,400 families, or 14,100 individuals, were identified to be below the poverty level in 1999. About 1,919 of these families had children under 18 years of age.
As per the U.S. Census 2000 results, there were 44,755 housing units in the city, 22,476 of them were single-detached units; 3,727 were single-attached units; 17,631 were multiple housing units; and 861 were mobile homes. Most of the housing structures were built between 1940 and 1979. About 2,750 housing structures were built between 1990 and March 2000. About 15,400 households had one car, 17,200 had two vehicles available, and 7,945 had three or more.
Out of the total housing units, 43,581 were occupied and at most 800 were vacant. About 20,729 of the housing units were owner-occupied and 20,140 were renter-occupied. As for the vacant housing units, about 200 were for sale and 600 were for rent.
The owner-occupied housing units had a median value of $241,900. Out of all the owner-occupied units, 15,870 had mortgage and 4,859 had no mortgage. Around 13,497 of the housing units had mortgage of at least $1,000. The median monthly owner cost was $1,587.
Out of all the renter-occupied units, 225 had gross rent of less than $200; 30.1% had gross rent of $500 to $749; 37.9% had gross rent of $750 to $999; 19.7% had gross rent of $1,000 to $1,499; and 3.9% had gross rent of $1,500 and above. The median gross rent was $820.
None of the vacant housing units in the city had selling price below $80,000. Most of them were sold between $100,000 and $124,999, $400,000 and $499,999, or $500,000 and $749,999. The median selling price was $202,400.
None of vacant housing units available were for rent below $450. Most were for rent from $800 to $1,499. The median rental fee was $867, according to the year 2000 census results.
Fullerton City's labor force totaled 62,957, consisting of residents age 16 and above. Out of the city's labor force, 59,332 were employed and 3,606 were unemployed. About 27,811 females that were at least 16 years old comprise the labor force, and 26,077 of them were employed.
Employment results of the year 2000 census indicate that 47,203 employees worked for private companies; 7,415 worked for the government; and 4,504 were self-employed. Most of the employed population had sales and office occupations and management, professional, and related jobs. In terms of industry, records show that most of the employed population was in the manufacturing and educational, health and social services industries.
Of the 59,332 employed workers in the city, 33,255 were males and 26,077 were females. Most of the males worked in the manufacturing industry while majority of the women worked in the educational, health, and social services industry. Median earnings for full-time, year-round male employees were $40,674, while median earnings for full-time, year-round female employees were $31,677 in year 1999.
Records of the U.S. Census Bureau also show that there were 43,678 households in Fullerton in year 1999. Out of the total households, only 3.5% had income of at least $200,000; 3.5% earned between $150,000 and $199,999; 10.4% earned between $100,000 and $149,999; 12.1% earned between $75,000 and $99,999; 20.9% earned between $50,000 and $74,999; 16.4% earned between $35,000 and $49,999; 12.0% earned between $25,000 and $34,999; 10.3% earned between $15,000 and $24,999; 4.5% earned between $10,000 and $14,999; and 6.5% earned less than $10,000. For the year 1999, the median income of Fullerton households was $50,269 while mean earnings were $62,502.
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Additional statistical data for the area is presented below: Please note: differences between the above and below values are related to differing sources, though the ranges are considered to be quite reliable.