Stein Valuation, Inc.
Real Estate Appraisals & Consultation
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Following is a typical Appraisal Location description utilized by the Appraiser in analyzing the general area market trends.
Apple Valley Area Description
Apple Valley Town in California had a total population of 54,175, of which 40,035 were at least 15 years old. This is according to the U.S. Census Bureau's census results for the year 2000. Census results also show that Apple Valley had 32,892 residents that were at least 25 years old.
Out of the 17,120 residents that were in school, 49.4% were in elementary school; 24.0% were in high school; and only 16.1% were in college or graduate school. About 82% of the population aged 25 and above were high school graduates but only 16% had a bachelor's degree or higher.
Census results show that there were 18,592 households in the town. Only 1.2% of the total number of households had income of at least $200,000; 1.6% had income of between $150,000 and $199,999; 7.0% had income of between $100,000 and $149,999; 10.8% had income of between $75,000 and $99,999; 19.2% had income of between $50,000 and $74,999; 16.5% had income of between $35,000 and $49,999; 13.3% had income of between $25,000 and $34,999; 14.3% had income of between $15,000 and $24,999; 7.5% had income of between $10,000 and $14,999; and 8.7% had income of less than $10,000. For the year 1999, the median income of Apple Valley households was $40,421 while mean earnings were $52,223.
Records also show that there were 14,450 families in Apple Valley. About 6.9% of the total number of families had income of less than $10,000; 6.6% had income from $10,000 to $14,999; 12.5% had income from $15,000 to $24,999; 12.7% had income from $25,000 to $34,999; 16.7% had income from $35,000 to $49,999; 20.8% had income from $50,000 to $74,999; 12.2% had income from $75,000 to $99,999; 8.2% had income from $100,000 to $149,999; 2.0% had income from $150,000 to $199,999; and 1.4% had income from $200,000 or more. The median family income was $45,070 in year 1999. About 1,900 families were below the poverty level in 1999, of which roughly 1,600 had children under 18 years of age.
Apple Valley's housing units totaled 20,161, 14,950 of which were single-detached units; 726 were single-attached units, and the rest were multiple housing units. There were also 1,025 mobile homes. Around 8,700 of the housing structures were built between 1980 and 1989. Another 3,000 were built from 1990 to 1994. Less than 1,500 housing units were built from 1995 to March 2000.
There were 18,575 occupied housing units in Apple Valley and about 1,000 vacant ones, based on year 2000 census results. About 450 of the vacant housing units were for sale and 550 were for rent.
Out of the 11,883 owner-occupied units, 9,426 had mortgage and 2,457 had no mortgage. Most households had mortgage between $700 to $1,999. The median monthly mortgage cost was $1,062. Around 39.7% of the owner-occupied units were worth $50,000 to $99,999; 31.4% were worth $100,000 to $149,999; 17.4% were worth $150,000 to $199,999; and 8.6% were worth $200,000 to $299,999. Few of the owner-occupied housing units had value of at least $300,000. The median value of the owner-occupied units was $112,700.
Out of the 5,475 renter-occupied units, only 1.5% had gross rent of less than $200; 26.2% had gross rent of $300 to $499; 40.4% had gross rent of $500 to $749; 18.8% had gross rent of $750 to $999; and only 0.7% had gross rent of at least $1,500. The median gross rent was $573.
None of the vacant housing units for sale had price tags below $30,000. A few had selling price between $40,000 and $59,999. Most were sold at the $60,000-$174,999 price range. None of the housing units were sold above $250,000. The median asking price was $101,900.
None of the vacant housing units were for rent below $200. Most of the vacant housings were for rent at the $350-$499 range. None of the vacant housing units were for rent above $1,000. The median rental fee was $451, according to the year 2000 census.
Apple Valley had a total labor force of 21,748, consisting of residents aged 16 years and above. Out of the total labor force, 19,758 were employed and 1,932 were unemployed. Of the 19,758 employed civilian population, 10,857 were males and 8,901 were females. Most of the males worked in transportation and warehousing and the educational, health, and social services industries while most of the females were in retail trade and educational, health, and social services industries. Median earnings for full-time, year-round male employees were $41,144, while median earnings for full-time, year-round female employees were $30,249 in year 1999.
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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.