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.
Brea Area Description
According to the U.S. Census Bureau's official census in year 2000, Brea City had a population of 35,122. Out of the total population, 27,319 residents were at least 16 years of age, of which 14,192 were females. There were 23,098 city residents aged 25 and above.
Records on education show that in the year 2000, there were 10,698 students in Brea City. Most of the city's students were in elementary school and colleges or universities. About 88.4% of Brea City's population aged 25 and above were high school graduates but only 33.5% had a bachelor's degree or higher.
There were 13,274 housing units in total, the 2000 U.S. census results show. Out of the total number of housing units, 7,447 were single-detached units; 1,073 were single-attached; and 3,887 were multiple housing units. There were also 857 mobile homes. Most of the housing structures were built between 1960 and 1989. Only 1,185 housing units were built between 1990 and March 2000.
There were 13,016 occupied housing units in Brea City and at least 120 vacant housing units, based on year 2000 census results. About 50 of the vacant housing units were for sale and 70 were for rent.
Out of the 7,227 owner-occupied units, 5,986 had mortgage while 1,241 were not mortgaged. Around 5,200 owners had mortgage of at least $1,000. The median monthly owner cost was $1,692.
Out of the 4,629 renter-occupied units, only 0.7% had gross rent of less than $200; 18.9% had gross rent of $500 to $749; 33.9% had gross rent of $750 to $999; 37% had gross rent of $1,000 to $1,499; and only 3.6% had gross rent of $1,500 or more. The median gross rent was $935.
Asking price for the vacant housing units were at least $150,000. Most of the housing units for sale had price tags of $175,000 to $199,999 or $250,000 to $299,999. None of the housing units were sold above $500,000. The median asking price was $234,400.
The vacant housing units for rent had varied prices but none were for rent for less than $250. Most of the vacant housing units had rental fees of between $800 and $1,499. None of the vacant housing units were for rent above $1,500. The median rental fee was $910, according to the year 2000 census.
Brea City had a total labor force of 18,931 residents that were at least 16 years of age. Out of the 27,319 city residents that were at least 16 years old, 18,207 were employed and only 693 were unemployed. About 8,710 females that were at least 16 years old belonged to the labor force, of which 8,398 were employed.
The U.S. Census Bureau's year 2000 census results show that 14,163 workers were hired by private companies; 2,767 worked for the government; and 1,211 were self-employed. Most of the city's working class had management, professional, and related occupations. In terms of industry, most of Brea City's employed labor force was in the manufacturing and educational, health and social services industries.
Out of the 18,207 employed civilian population of Brea City that were at least 16 years old, 9,809 were males and 8,398 were females. Most of the males worked in the manufacturing industry while most of the females were in the educational, health, and social services industry. Median earnings for full-time, year-round male workers were $50,500 while median earnings for full-time, year-round female workers were $35,674.
Records of the U.S. Census Bureau also show that there were 12,994 households in 1999. Out of the total households, only 2.7% had income of at least $200,000; 4.3% had income of between $150,000 and $199,999; 14.9% had income of between $100,000 and $149,999; 14.8% had income of between $75,000 and $99,999; 21.6% had income of between $50,000 and $74,999; 16.4% had income of between $35,000 and $49,999; 9.5% had income of between $25,000 and $34,999; 7.7% had income of between $15,000 and $24,999; 3.4% had income of between $10,000 and $14,999; and only 4.6% had income of less than $10,000. For the year 1999, the median income of Brea City households was $59,759 while mean earnings were $71,060.
Year 2000 census results show that there were 9,241 families in Brea City. Most of the families had income of between $50,000 and $74,999. The median family income was $68,423. About 318 families, or 1,874 individuals, were below the poverty level in 1999. About 250 of these families had children under 18 years of age, but only 96 of these families had children below 5 years old.
Copyright ©2005 – 2006, Stein Valuation, Inc.
All Rights Reserved.
No portion of this page, text, images or code, may be copied, reproduced, published or distributed in any medium without the expressed written permission of the copyright holder.
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.