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.
Cypress Area Description
According to the U.S. Census Bureau's official census in year 2000, Cypress City had a total population of 46,534. Out of the total population, 35,443 residents were at least 16 years of age. There were 30,168 city residents aged 25 and above. There were also 4,857 city residents aged 65 and above.
Census results for the year 200 also show that there were 15,128 Cypress City residents aged three years and above who were in school. About 865 of them were in nursery school or preschool; 730 were in kindergarten; 6,417 were in elementary school; 3,133 were in high school; and 3,983 were in college or university. About 89.7% of Cypress City's population aged 25 and above were high school graduates but only 31.2% had a bachelor's degree or higher.
There were 16,021 housing units in all in Cypress City, of which 61.7% were single-detached units; 15.3% were single-attached units; 20.8% were multiple housing units; 2.1% were mobile homes; and the rest were boats or vans. Most of the housing structures were built between 1960 and 1979. There were 1,167 housing units built from 1980 to 1989, and 1,567 housing units from 1990 to March 2000.
There were 15,646 occupied housing units in Cypress City and 188 vacant housing units, based on year 2000 census results. About 47 of the vacant housing units were for sale and 141 were for rent.
Out of the 9,848 owner-occupied units, 7,914 had mortgage while 1,934 had no mortgage. Around 6,665 owners had mortgage of at least $1,000. The median monthly owner cost was $1,620.
Out of the 4,788 renter-occupied units, only 1.5% had gross rent of less than $200; 42.1% had gross rent of $750 to $999; 32.3% had gross rent of $1,000 to $1,499; and 4.9% had gross rent of $1,500 or more. The median gross rent was $922.
Selling price for the vacant housing units were at least $175,000. Most of the housing units for sale had price tags of $200,000 to $249,999 or $300,000 to $399,999. None of the housing units were sold above $500,000. The median asking price was $244,000.
The vacant housing units for rent had fees of at least $550, but most were for rent at the $700 to $799 range. The median rental fee was $810, according to the year 2000 census.
Cypress City had a total labor force of 23,941, based on census results for the year 2000. Out of the 35,443 city residents that were at least 16 years old, 22,650 were employed and 1,229 were unemployed. About 11,287 females that were at least 16 years old belonged to the labor force, 10,655 of them were employed.
The U.S. Census Bureau's year 2000 census results show that 17,698 workers were hired by private companies; 3,287 worked for the government; and 1,589 were self-employed. Most of the employed population that were at least 16 years old had sales and office jobs and management, professional, and related occupations. In terms of industry, most of the employed populace were working in the manufacturing and educational, health and social services industries.
Of the 22,650 employed workers in the city, 11,995 were males and 10,655 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 $50,781, while median earnings for full-time, year-round female employees were $36,337 in year 1999.
The same census results show that there were 15,695 households in Cypress City in 1999. Out of the total households, only 3.0% had income of at least $200,000; 5.1% had income of between $150,000 and $199,999; 16.4% had income of between $100,000 and $149,999; 16.1% had income of between $75,000 and $99,999; 21.8% had income of between $50,000 and $74,999; 14.8% had income of between $35,000 and $49,999; 9.0% had income of between $25,000 and $34,999; 6.7% had income of between $15,000 and $24,999; 2.9% had income of between $10,000 and $14,999; and 4.2% had income of less than $10,000. For the year 1999, the median income of Cypress City households was $64,377 while mean earnings were $73,159.
Year 2000 census results also show that there were 12,431 families in the city. Most of the families had income in the $50,000-$149,999 range. About 566 families, or 2,799 individuals, were below the poverty level in 1999. About 428 of these families had children below 18 years of age, and 193 of the families had children under five years old.
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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.