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.
Claremont Area Description
According to the U.S. Census Bureau’s official census in year 2000, Claremont City had a population of 33,978. Out of the total population, 28,086 residents were at least 16 years of age, of which 15,112 were females. There were 20,829 city residents aged 25 and above.
Based on the same data, the city had 13,473 students. The same census results showed that 55.0% of the city's students were in college or graduate school, 25.3% were in elementary school, 14.2% were in high school, 3.0% were in nursery or preschool, and 2.5% were in kindergarten. About 92.4% of Claremont City's population aged 25 and above were high school graduates and 52.4% had bachelor's degree or higher.
Claremont City residents lived in 11,577 housing units, of which 8,149 were single-unit detached units; 844 were single-unit attached units; 2,571 were multiple housing units; and 13 were mobile homes.
There were 11,304 occupied housing units in Claremont City and at least 162 vacant housing units, based on year 2000 census results. About 60 of the vacant housing units were for sale and 102 were for rent.
The asking price for the housing units was at least $70,000 and at most $749,999. Most of the housing units that were for sale had price tags of $300,000 to $399,999 or $500,000 to $749,999. None of the housing units were sold above $750,000. The median asking price was $377,300.
The least expensive rental fee for the housing units was $500, and the most expensive was $1,999. Most of the rental fees were in the $750 to $1,499 range. The median rental fee was $843, according to the year 2000 census.
Claremont City had a total labor force of 17,577. Out of the 28,086 Claremont City residents who were at least 16 years old, 16,046 were employed and only 1,518 were unemployed. About 8,536 females who were at least 16 years old belonged to the labor force. About 7,800 females were employed.
The U.S. Census Bureau’s year 2000 census results also showed that 11,421 workers were hired by private companies; 3,242 worked for the government; and 1,338 were self-employed. Only 45 residents were deemed unpaid family workers.
About 57.4% of the total employed population who were at least 16 years old had management, professional, and related occupations; 22.1% had sales and office occupations; 10.4% had service occupations; 5.2% had production, transportation, and material moving occupations; 4.8% had construction, extraction, and maintenance occupations; and only 0.1% had farming, fishing, and forestry occupations.
By industry, 6,821 residents worked in the educational, health and social services industry and another 1,295 worked in manufacturing. About 1,531 employees worked in professional, scientific, management, administrative, and waste management services; 1,165 worked in the arts, entertainment, recreation, accommodation and food services; 95 worked in finance, insurance, real estate, and rental and leasing.
Employment records also showed that around 913 worked in retail trade; 604 in public administration; 598 in the construction industry; 516 in the information industry; 457 in wholesale trade; 445 in transportation and warehousing and utilities; 54 in the agriculture, forestry, fishing and hunting, and mining industries; and 732 in other services.
Of the 16,046 employed workers in the city, 8,246 were males and 7,800 were females. Most of the males and females worked in the educational, health, and social services industry. Median earnings for full-time year-round male employees were $59,005, while median earnings for full-time year-round female employees were $38,338 in year 1999.
Records of the U.S. Census Bureau showed that there were 11,344 households in 1999. Out of the total households, only 6.1% had an income of at least $200,000; 4.8% had an income between $150,000 and $199,999; 16.7% had an income between $100,000 and $149,999; 15.2% had an income between $75,000 and $99,999; 19.5% had an income between $50,000 and $74,999; 11.3% had an income between $35,000 and $49,999; 8.7% had an income between $25,000 and $34,999; 6.9% had an income of between $15,000 and $24,999; 4.4% had an income between $10,000 and $14,999; and 6.5% had an income of less than $10,000. For the year 1999, the median household income of Claremont City households was $65,910 and the mean earnings were $80,935.
Year 2000 census results also showed that there were 7,872 families. Claremont City’s median family income was $78,389 in 1999. About 20.5% of the families had an income range of between $100,000 and $149,999. Also, 19.1% of the families had an earnings range of $50,000 to $74,999. Another 17.7% had an income range of between $75,000 and $99,999. About 472 families, or 2,328 individuals, were below the poverty level in 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.