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.
Azusa Area Description
As popularized after World War II, Azusa is usually interpreted as a claim that the city “has everything from A to Z in the USA.” It was likewise used for a land grant prior to the Anglo settlement as in Rancho Azusa. But the name of the city was actually derived from Asuksa-gna, the name the Tongya Indians gave the land.
The city has a total area of 23.1 km² (8.9 mi²), which is all land, according to the United States Census Bureau.
Based on the 2000 census, there were 44,712 people, 12,549 households, and 9,298 families residing in the city. The population density was 1,939.7/km² (5,023.7/mi²). There were 13,013 housing units at an average density of 564.5/km² (1,462.1/mi²). The male population makes up 49.4 percent of the city’s population and 49.1 percent of the U.S population at 22,075. On the other hand, the female population at 22,637 comprises 50.6 percent of the city’s total population and 50.9 percent of the total U.S. population, which means that for every 100 females there were 97.5 males and that for every 100 females age 18 and over, there were 93.6 males.
The same data set revealed that 15,665 were still in school. This is further broken down into 564 or 3.6% still in nursery or preschool, 942 or 6% in kindergarten, 6,046 or 38.6% in elementary school, 3,089 or 19.7% enrolled in secondary school or high school, and 5,0241 or 32.1% enrolled in college or tertiary school. Of the 44,712 population, 53 percent are 25 years old and over. There is a recorded 14,408 or 60 percent of the city population who are high school graduates or higher (80.4 percent of the U.S. population) and 3,380 or 14.2 percent of the city population who are holders of a bachelor’s degree or higher (24.4 percent of the U.S. population). The group of civilian veterans makes up 6.7 percent of the city population (12.7 percent of the U.S. population) at 2,047. Of the 5-years-and-over population, 9,044 (22.5 percent of the city population; 19.3 of the U.S. population) suffer from a disability disorder. There are also those who were not born within the city (foreign born) that comprises 34 percent of the city’s population (and 11.1. percent of the U.S. population) at 15,093. Of the 15-years-and-over population, 7,574 are married males (excluding those who have been separated) who make up 47.9 percent of the city’s population and 56.7 percent of the total U.S. population. Within the same group are 7,258 females who are also married (excluding those who have been separated) making up 43.1 percent of the city population and 52.1 percent of the U.S. population. A total of 22,619 are able to speak a language other than English in their homes, which makes up about 56.1 percent and 17.9 percent of the city population and the U.S. population respectively.
The median income for a household in the city was $39,191, and the median income for a family was $40,918. Males had a median income of $30,845 versus $26,565 for females. The per capita income for the city was $13,412. About 15.1 percent of families and 18.8 percent of the population were below the poverty line, including 23.9 percent of those under age 18 and 10.4 percent of those age 65 or over.
The 2000 data set on the city’s mortgage status revealed that of the 5,020 specified owner-occupied housing units 3,963 were mortgaged while only 1,057 were not. An equivalent of 44.1% or 1,746 of these units had monthly household costs of $1,000 to $1,499. This is followed by the 879 units with a monthly household cost of $1,500 to $1,999. The lowest monthly owner cost recorded was at $200 to $299 where 7 units were listed to have such. The median monthly cost of homeowners with mortgage is at $1,300; without mortgage, $250.
According to census results for the year 2000, most of the employed population had sales and office occupations. About 24% of the workers had management, professional, and related occupations while only around 18% had service jobs. Construction and maintenance workers make up only 10% of the city's employed residents while .5% were involved in farming, fishing, and other related jobs.
In terms of industry, 3,291 residents were into manufacturing. There were 5,505 involved in the manufacturing industry. About 2,133 were involved in retail trade. But a big part of the working population (3,558) were into the educational, health, and social services industry.
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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.