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.
Beaumont Area Description
Beaumont City, California's total population of 11,315 consisted of 6,468 residents that were at least 25 years of age. This is according to the U.S. Census Bureau's census results for the year 2000. Census results also show that Beaumont City had 7,968 residents that were at least 16 years old.
The same census results also show that there were 3,535 students in the city, 48.5% of which were in elementary school; 20.7% were in high school; and only 17.7% were in college or graduate school. About 69% of the population aged 25 and above were high school graduates but only 8.8% had a bachelor's degree or higher.
There were 3,928 households in the city recorded in the official 2000 census results. Only 0.3% of the total number of households had income of at least $200,000; 0.5% had income of between $150,000 and $199,999; 4.2% had income of between $100,000 and $149,999; 7.2% had income of between $75,000 and $99,999; 18.0% had income of between $50,000 and $74,999; 14.6% had income of between $35,000 and $49,999; 13.1% had income of between $25,000 and $34,999; 17.2% had income of between $15,000 and $24,999; 12.2% had income of between $10,000 and $14,999; and 12.7% had income of less than $10,000. For the year 1999, the median income of Beaumont City households was $29,721 while mean earnings were $41,138.
Records also show that there were 2,752 families in Beaumont City. About 262 families had income of less than $10,000; 284 had income from $10,000 to $14,999; 399 had income from $15,000 to $24,999; 357 had income from $25,000 to $34,999; 494 had income from $35,000 to $49,999; 558 had income from $50,000 to $74,999; 236 had income from $75,000 to $99,999; 129 had income from $100,000 to $149,999; 21 had income from $150,000 to $199,999; and 12 had income from $200,000 or more. The median family income was $37,403 in year 1999. About 489 families were below the poverty level in 1999, of which 453 had children under 18 years of age.
Beaumont City's housing units totaled 4,258, 2,693 of which were single-detached units; 172 were single-attached units, and 1,046 were multiple housing units. Most of the housing structures were built between 1940 and 1959. Less than 1,000 housing units were built between 1990 and March 2000.
There were 3,915 occupied housing units in Beaumont City and about 240 vacant ones, based on year 2000 census results. About 65 of the vacant housing units were for sale and 175 were for rent.
Out of the 1,794 owner-occupied units, 1,342 had mortgage and 452 had no mortgage. Most households had mortgage between $700 to $1,499. The median monthly mortgage cost was $955. Around 3.3% of the owner-occupied units were worth less than $50,000; 48.6% were worth $50,000 to $99,999; 41.0% were worth $100,000 to $149,999; and 0.4% were worth $300,000 to $499,999. None of the housing units were worth at least $500,000. The median value of the owner-occupied units was $98,600.
Out of the 1,786 renter-occupied units, only 3.1% had gross rent of less than $200; 36.8% had gross rent of $300 to $499; 35.2% had gross rent of $500 to $749; and only 1.2% had gross rent of $1,000 to $1,499. The median gross rent was $489.
None of the vacant housing units for sale had price tags below $25,000. A few had selling price between $30,000 and $89,999. Most were sold at the $90,000-$149,999 price range. None of the housing units were sold above $150,000. The median selling price was $90,000.
None of the vacant housing units were for rent below $150. Most of the vacant housings were for rent at the $350-$499 range. None of the vacant housing units were for rent above $650. The median rental fee was $382, according to the year 2000 census.
Beaumont City had a total labor force of 4,847, consisting of residents aged 16 years and above. Out of the total labor force, 4,394 were employed and only 449 were unemployed. Of the 4,394 employed civilian population, 2,227 were males and 2,167 were females. Median earnings for full-time, year-round male employees were $30,829, while median earnings for full-time, year-round female employees were $20,613 in year 1999.
Most of the males worked in the manufacturing and construction industries while most of the females were in the educational, health, and social services and retail trade industries. About 75% of the employed civilian population worked for private companies; 20% worked for the government; and 5% were self-employed.
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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.