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.
Buena Park Area Description
Buena Park City had a total population of 78,358, according to the U.S. Census Bureau's official census in year 2000. Out of the total population, 57,518 residents were at least 16 years of age, of which 29,540 were females. There were 48,066 city residents aged 25 and above. The city also had 6,841 residents that were at least 65 years old.
Records on education show that in the year 2000, the city had 24,501 students. About 11,000 of the students were in elementary school; 6,000 were in college or university; and 5,000 were in high school. About 75.8% of Buena Park City's population aged 25 and above were high school graduates but only 19.7% had bachelor's degree or higher.
Year 2000 census results also show there were 23,885 housing units in the city, 14,026 of which single unit-detached; 1,879 were single unit-attached; 7,687 were multiple housing units; and 293 were mobile homes. Most of the housing structures were built between 1940 and 1979. Around 2,400 of the housing units were built between 1980 and 1989. Only 1,360 housing units were built between 1990 and March 2000.
There were 23,360 occupied housing units in Buena Park City and at least 400 vacant housing units, based on year 2000 census results. About 150 of the vacant housing units were for sale and 250 were for rent.
Out of the 12,338 owner-occupied units, 10,085 had mortgage while 2,253 had no mortgage. Most of the owners had mortgage between $1,000 and $1,999. The median monthly owner cost was $1,430.
Out of the 10,059 renter-occupied units, only 1.4% had gross rent of less than $200; 25.8% had gross rent of $500 to $749; 43.8% had gross rent of $750 to $999; and 22% had gross rent of $1,000 to $1,499. The median gross rent was $841.
Selling price for the vacant housing units were at least $100,000. Most of the housing units for sale had price tags of $100,000 to $124,999; $175,000 to $199,999; or $200,000 to $249,999. None of the housing units were sold above $1,000,000. The median asking price was $209,500.
The vacant housing units were for rent for at least $400, but most had rental fees of between $650 and $1,499. The median rental fee was $786, according to the year 2000 census.
Buena Park City had a total labor force of 36,827, based on census results for the year 2000. Out of the 57,518 city residents that were at least 16 years old, 34,538 were employed and 2,225 were unemployed. About 16,700 females that were at least 16 years old belonged to the labor force, and 15,600 of them were employed.
The U.S. Census Bureau's year 2000 census results show that 83.2% of the total employed residents were hired by private companies; 10.5% worked for the government; and only 5.9% were self-employed. Most of the workers had sales and office occupations and management, professional, and related occupations. In terms of industry, most of the employees worked in the manufacturing; educational, health and social services; and retail trade industries.
Records of the U.S. Census Bureau show that there were 23,454 households in the city in year 1999. Out of the total households, only 1.2% had income of at least $200,000; 2.3% had income of between $150,000 and $199,999; 9.6% had income of between $100,000 and $149,999; 14.0% had income of between $75,000 and $99,999; 23.4% had income of between $50,000 and $74,999; 16.1% had income of between $35,000 and $49,999; 13.1% had income of between $25,000 and $34,999; 10.7% had income of between $15,000 and $24,999; 4.2% had income of between $10,000 and $14,999; and 5.4% had income of less than $10,000. For the year 1999, the median income of Buena Park City households was $50,336 while mean earnings were $58,490.
Year 2000 census results also show that there were 18,736 families in Buena Park City. Only 763 families had income of less than $10,000; around 5,400 had income of between $25,000 and $49,000; 4,500 had income between $50,000 and $74,999; 2,900 had income between $75,000 and $99,999; and about 1,900 had income between $100,000 and $149,999. About 490 families had earnings of between $150,000 and $199,999, while only about 200 had earnings of at least $200,000. The median family income was $52,327.
About 1,495 families, or 8,754 individuals, were below the poverty level in 1999. Around 530 of these families had children under 18 years of age, and 229 of these families had children below five years of age.
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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.