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.
Simi Valley Area Description
The United States Census Bureau has released a report in 2000 showing that the total population of Simi Valley, California sums to 111,351, of which includes 28,954 families and 36,421 households. Gender-wise, the ration of males to females is 97.9:100. The median age is 35 years. In terms of age group, Simi Valley's population comprise of 7.6% of elderly residents aged 65 years and over; 23.1% adults who are 45 to 64 years old; 32.9% of individuals aged 25-44 years; 7.9% of young adult population aged 18-24; and the remaining 28.4% is composed of children and adolescents aged 0-18.
Basing on the same US Census official results in 2000, there are 33,345 Simi valley residents aged 3 years and above that are enrolled in school. Of which, elementary school children comprise the greatest number with 14,887 enrollees. That is equivalent to 44.6% of the total number of school goers in Simi Valley. Meanwhile, there is 2,287 nursery school pupils, 7,192 high school students and 6,991 college and graduate school populace.
Simi Valley's labor force comprises 71.5% of the total number of residents aged 16 years and over, which is 83,334. Therefore, there are 59,573 members of the city's labor force, and 59,510 of it are in the civilian labor force. The armed forces has 63 employees, while 23,761 of residents aren't in the labor force. From the those who are in the labor force, 57,001 workers are employed and 2,509 are not.
According still to the US Census Bureau, 45,626 of those who are employed are private wage and salary workers; 6,469 are government workers; 4,776 are self-employed workers and 130 are unpaid family workers. In terms of occupations, 21,788 employees are in management, professional, and related fields; 7,051 engages in service occupations; 17,505 are employed in sales and offices; 4,812 are in construction, extraction and maintenance occupations; and 5,747 employees have production, transportation and material moving occupations.
The employment records of the U.S. Census Bureau in 2000 also reveal that the most frequented industries are manufacturing, retail trade, finance, insurance, real estate, and rental and leasing and educational, health and social services industries.
The same census results further convey that the Simi Valley City has a per capita income of $26,586. For employed residents, male full time, year-round workers yield a $51,003 median income while the female full-time, year-round workers yield $35,237 median earnings.
The US Census Bureau official report in 2000 reveal that in 1999, there are 36,543 households in Simi Valley California with a median household earnings of $70,370. There are 1,246 that earn the least, which is $10,000 or less, while there are 1,238 households that earn the most with earnings of $200,000 or more.
Of the 29,164 total number of families in Simi Valley City, on the other hand, the US Census Bureau reports that the median income for each family is $75,140. This includes the 657 lowest-earner families with annual income of $10,000 or less and 1,109 highest-earner families that have an annual income of $200,000 or more.
Basing still on the US Census Bureau report in 2000, the poverty line is drawn above 6,453 individuals, 497 families with female householders and no husband present, and 1,134 married couple families.
In the 2000 report of the United States Census, there are 37,330 housing units in Simi Valley, California in 1999. This is further spread down to 27,711 detached single units, 2,624 attached single units, 199 double-unit houses, 1,459 3 to 4-unit houses, 1.458 5 to 9-unit houses, 1,537 10 to 19-unit houses, 1,449 20 or more-unit houses, 874 mobile homes and 19 housing units that are in boats or vans.
In Simi Valley City, out of the total number of housing units, there are 36,478 houses that are occupied. Of which, 25,548 are occupied by owners themselves and 8,159 are occupied by renters.
The owner occupied housing units, by the way, are valued at a median amount of $239,900. There are 22,944 owner-occupied housing units that are mortgaged with a median mortgage cost of $1,694. On the other hand, there are 2,604 housing units that are not mortgaged. These housing units have a $318 median cost.
Out of the 8,159 total number of renter-occupied housing units,the median rent costs up to $1,058. There are 227 housing units which do not have cash rent.
Out of the vacant ones, according to the US Census Bureau, there are 262 housing units that are for sale with a median asking price of $388,300. There are also 331 housing units with a median rental cost of $929.
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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.