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.
Compton Area Description
Compton City had a total population of 93,226, according to the U.S. Census Bureau’s official census in year 2000. Out of the total population, 60,618 residents were at least 16 years of age, of which 31,585 were females. There were 46,604 city residents aged 25 and above.
Based on the same census, there were 33,171 students in the city. The same census results showed that 17,361 students were in elementary school; 7,529 were in high school; 4,398 were in college or graduate school; 2,052 were in kindergarten; and 1,831 were in nursery or pre-school. About 48.0% of Compton City's population aged 25 and above were high school graduates but only 5.9% had bachelor's degree or higher.
Compton City had a total labor force of 31,421 (year 2000). Out of the city's labor force that were at least 16 years old, 27,119 were employed and 4,302 were unemployed. About 14,325 females who were at least 16 years old belonged to the labor force. About 12,159 females were employed.
The U.S. Census Bureau’s year 2000 census results showed that 80.6% of the workers were hired by private companies, 15.1% worked for the government, and only 3.8% were self-employed. About 32.4% of the total employed population who were at least 16 years old had production, transportation, and material moving occupations; 25.1% had sales and office occupations; 17.9% had service jobs; 15.0% had management, professional, and related jobs; 9.2% had construction, extraction, and maintenance occupations; and only 0.3% had farming, fishing, and forestry jobs.
In terms of industry, 6,329 workers were in the manufacturing industry; 4,900 in educational, health and social services; 2,651 in retail trade; 2,273 in the professional, scientific, management, administrative, and waste management services industry; 2,177 in transportation and warehousing, and utilities; 1,578 in the arts, entertainment, recreation, accommodation and food services; 1,577 in wholesale trade; 1,442 in construction; 966 in public administration; 853 in finance, insurance, real estate, and rental and leasing; 593 in the information industry; only 61 in agriculture, forestry, fishing and hunting, and mining; and 1,719 in other services.
Of the 27,119 employed workers in the city, 14,960 were males and 12,159 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 employees were $22,698, while median earnings for full-time year-round female employees were $24,692 in year 1999.
Records of the U.S. Census Bureau showed that there were 22,272 households in 1999. Out of the total households, only 1% had an income of at least $200,000; 0.9% had an income between $150,000 and $199,999; 3.8% had an income between $100,000 and $149,999; 6.6% had an income between $75,000 and $99,999; 16.9% had an income between $50,000 and $74,999; 16.3% had an income between $35,000 and $49,999; 14.6% had an income between $25,000 and $34,999; 16% had an income between $15,000 and $24,999; 9% had an income between $10,000 and $14,999; and 14.9% had an income less than $10,000. For the year 1999, the median household income of Compton City households was $31,819 and the mean earnings were $42,831.
The year 2000 census results also showed that there were 18,675 families in Compton City. The median family income was $33,021. About 4,762 families, or 25,771 individuals, were below the poverty level in 1999.
As per the U.S. Census 2000 results, Compton City residents lived in 23,780 housing units, 15,815 of which were single-unit detached units, 2,139 were single-unit attached units, 5,188 were multiple housing units, and 632 were mobile homes.
There were 22,303 occupied housing units in Compton City and at least 1,000 vacant housing units. About 400 of the vacant housing units were for sale and around 600 were for rent.
Some of the housing units were for sale for less than $20,000 while some had a price tag of at most $249,999. Most of the housing units were for sale in the $90,000 to $149,999 price range. None of the housing units were sold above $250,000. The median asking price was $126,700.
The vacant housing units for rent had varied prices. Some of the housing units were for rent for less than $100. None of the housing units had rent above $1,000. Out of the 647 vacant housing units, 128 had rent between $500 and $549; 102 units had rent between $600 and $649; and at least 95 units had rental fees of between $400 and $449. The median rental fee was $526, according to the year 2000 census.
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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.