Stein Valuation, Inc.
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Following is a typical Appraisal Location description utilized by the Appraiser in analyzing the general area market trends.
Stanton Area Description
With the results presented by the United States Census Bureau for the year 2000, Stanton City of California had a total population of 36,934. About 26,592 of these dwellers were aged 16 years old and above, of which 13,528 were females. Those residents who were at least 62 years old summed up to 3,269 while those who aged at least 5 years totaled to 33,535.
Stanton City’s learning institutions were populated with 11,133 enrollees who were at least 3 years old. Out of these enrollees, 5.2 % were in nursery school, preschool; 7.1 % were in kindergarten; 46.5 % were in elementary school (grades 1-8); 21.4 % were in high school (grades 9-12); and 19.8 % were in college or graduate school. Only 2.8 % of the city’s total population aged at least 25 years old attained graduate or professional degree; 9.2 % earned bachelor's degree; and 18.3 % were only up to less than 9th grade.
According to the year 2000’s United States Census official statistics showed that Stanton City of California had a total of 15,960 civilians aged at least 16 years old who comprised the city’s labor force, of which 14,695 were employed and 1,265 were unemployed. Of the 13,528 of females who were at least 16 years old, 6,977 were a part of the labor force and 6,366 were employed.
The same census results recognized 7,782 families occupying Stanton City as of 2000. There were only 77 families which had an income of $200,000 or more; 51 families earned more or less $150,000 to $199,999; 387 families had an income of about $100,000 to $149,999; 799 earned between $75,000 to $99,999; 1,684 families had $50,000 to $74,999; 1,433 earned between $35,000 to $49,999; 1,162 families earned between $25,000 to $34,999; 1,213 had an income of around $15,000 to $24,999; 535 families produced about $10,000 to $14,999; and 441 families earned only less than $10,000. The city’s median family income amounted to $ 40,162.
As of 1999, Stanton City had a total of 10,769 households based on the United States Census Bureau 2000. The city’s median household income was $ 39,127. Out of the total households, 8.4 % had an income of less than $10,000; 7.1 % earned $10,000 to $14,999; 15.3 % earned between $15,000 to $24,999; 14.2 % had an income of around $25,000 to $34,999; 17.6 % produced between $35,000 to $49,999; 21.3 % earned around $50,000 to $74,999; 9.5 % had an income of about $75,000 to $99,999; 4.7 % earned between $100,000 to $149,999; 1 % earned between $150,000 to $199,999; and only 0.9 % of the total households earned $200,000 or more.
There were 1,045 families, 201 families with female householders and no husband present, and 6,514 were categorized to be below the poverty level according to the city’s Poverty Status in 1999. Out of the total families below poverty level, 184 families had related children who were at least 18 years old and 79 families had related children who were at least 5 years of age.
Taking merits to the official results presented by the U.S. Census Bureau, 10,948 housing units were identified in Stanton City as of 2000. Out of these housing units, 2,918 were 1-unit detached; 1,862 were 1-unit attached; 4,913 were multiple units; and 1,255 were mobile homes. Around 31.8 % of the total housing units were built sometime between 1970 to 1979; 2.3 % from 1939 or earlier; and only 1.4 % were built from 1999 to March 2000.
The occupied housing units in Stanton City totaled to 10,708, of which 3,474 were specified as owner-occupied and 5,496 were renter-occupied. There were also 147 vacant housing units, 32 units of which were for sale and 115 were for rent.
Some 2,918 out of the total owner-occupied units had a mortgage while 556 were not mortgaged. About 1,323 homeowners (majority) had a monthly mortgage of $1,000 to $1,499, while 11 homeowners mortgaged for less than $300; and 215 homeowners had a monthly mortgage of $2,000 or more. The city’s median monthly mortgage was $ 256.
As for the renter-occupied housing units, 1.8 % of which had a monthly gross rent of $1,500 or more; 16.8 % had a gross rent of $1,000 to $1,499; 40.3 % had a gross rent of $750 to $999; 34.2 % had a gross rent of $500 to $749; 2.9 % had a gross rent of $300 to $499; 1.2 % had a gross rent of $200 to $299; and 1.1 % had a gross rent of only less than $200. There were also 1.7 % of the total renter-occupied units which had no cash rent. The city had $ 793 as the median gross rent.
The asking price of the vacant housing units for sale ranged from $125,000 to $199,999. There were only 23 vacant units which were for sale at $125,000 to $149,999; 4 units were sold from $150,000 to $174,999; and the last 5 units were sold from $175,000 to $199,999. The median selling price was $ 142,400.
There were 12 specified vacant-for-rent housing units which had a rental fee of less than $ 100; 4 units were for rent between $400 to $449; 6 units were for rent between $600 to $649; 3 units were for rent between $650 to $699; 20 units were for rent between $700 to $749; 17 units were for rent from $750 to $799; another 17 units were for rent from $800 to $899; 23 units were for rent from $900 to $999; and the last 13 units were for rent from $1,000 to $1,499. The 2000 U.S. Census Bureau certified results also show that the median rental fee was $ 787.
Private companies were the most populated with 87.7 % of the total employees; followed by the government offices with 7.8 %; then some 4.4 % were only self-employed workers in own not incorporated business; and the remaining 0.2 % were unpaid family workers according to the 2000 U.S. Census summary file.
Of the total employed population who were at least 16 years old, 25.9 % were in the manufacturing industries; 11.4 % were in the educational, health and social services industries; 10.3 % were in retail trade industries; 10.1 % were in professional, scientific, management, administrative, and waste management services industries; 9.2 % were in arts, entertainment, recreation, accommodation and food services industries; 8.4 % were in construction industries; 5.9 % were in finance, insurance, real estate, and rental and leasing industries; 5.6 % were in other services (except public administration); 4.5 % were in wholesale trade industries; 4.3 % were in transportation and warehousing, and utilities industries; 2.8 % were in public administration industries; 1.4 % were in information industries; and 0.1 % were in agriculture, forestry, fishing and hunting, and mining industries.
Stanton City had a per capita income of $ 14,197 as of 1999. The males who worked full-time all year round had median earnings of $ 27,644 while the females who also worked full-time all year round had $ 25,995 as their median earnings.
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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.