Stein Valuation, Inc.
Real Estate Appraisals & Consultation
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Following is a typical Appraisal Location description utilized by the Appraiser in analyzing the general area market trends.
Dana Point Area Description
Dana Point City's population totaled 34,851, according to the U.S. Census Bureau's official census in year 2000. Out of the total population, 28,714 residents were at least 16 years of age, of which 14,496 were females. There were 25,264 city residents aged 25 and above. Records also indicate that the city had 32,976 residents that were at least 65 years old.
Based on the same census results, there were 8,278 students in Dana Point City, 37.6% of which were in elementary school; 29.2% were in college or graduate school; 22.4% were in high school; 6.7% were in nursery or pre-school; and 4.2% were in kindergarten. About 90.7% of Dana Point City's population aged 25 and above were high school graduates and only 41.0% had a bachelor's degree or higher.
Dana Point City's labor force totaled 19,648, based on census results for the year 2000. Out of the 28,714 Dana Point City residents that were at least 16 years old, 18,900 were employed and 748 were unemployed. About 8,615 females that were at least 16 years old belonged to the labor force, 8,283 of them were employed.
Employment results of the year 2000 census indicate that 14,139 employees worked for private companies; 2,060 worked for the government; and 2,592 were self-employed. Most of the employed population had management, professional, and related occupations and sales and office jobs. In terms of industry, records show that the most of the employed populace were in retail trade; professional, scientific, management, administrative, and waste management services; and educational, health and social services industries.
Of the 18,900 employed workers in the city, 10,617 were males and 8,283 were females. Most of the men worked in the construction, manufacturing, retail trade, and professional, scientific, management, administrative, and waste management services industries while majority of the women were in the educational, health, and social services; retail trade; and finance, insurance, real estate, and rental and leasing industries. Median earnings for full-time, year-round male employees were $27,738, while median earnings for full-time, year-round female employees were $22,857 in year 1999.
Records of the U.S. Census Bureau also show that there were 14,449 households in Dana Point City in year 1999. Out of the total households, only 7.0% had income of at least $200,000; 7.1% earned between $150,000 and $199,999; 14.5% earned between $100,000 and $149,999; 13.6% earned between $75,000 and $99,999; 20.9% earned between $50,000 and $74,999; 15.6% earned between $35,000 and $49,999; 6.8% earned between $25,000 and $34,999; 7.6% earned between $15,000 and $24,999; 2.3% earned between $10,000 and $14,999; and 4.7% earned less than $10,000. For the year 1999, the median income of Dana Point City households was $63,043 while mean earnings were $84,822.
Year 2000 census results also identified 9,286 families in the city. The median family income was $73,373. Only 2.4% of the families had earnings of less than $10,000; 14.3% earned $35,000 to $49,999; 19.0% earned $50,000 to $74,999; 14.1% earned $75,000 to $99,999; 18.1% earned $100,000 to $149,999; and 8.6% earned $200,000 or more.
About 320 families, or 2,328 individuals, were below the poverty level in 1999. Out of these 320 families, 219 had children under 18 years of age, while 125 had children under 5 years old.
As per the U.S. Census 2000 results, there were 15,649 housing units in the city, 7,662 of which were single-detached units; 2,261 were single-attached units; 5,358 were multiple housing units; and 280 were mobile homes. Most of the housing structures were built between 1960 and 1989. Only 2,014 housing units were built between 1990 and 1998. Only 139 housing units were built between 1999 and March 2000.
Out of the total housing units, 14,403 were occupied and at least 330 were vacant. About 7,458 of the occupied housing units were owner-occupied and 5,554 were renter-occupied. As for the vacant housing units, 100 were for sale while 230 were for rent.
Out of the 7,458 owner-occupied units, 5,757 had mortgage while 1,701 had no mortgage. Around 5,288 owners had mortgage of at least $1,000. The median monthly owner cost was $1,999.
Out of the 5,554 renter-occupied units, none had gross rent of less than $200; 23.4% had gross rent of $750 to $999; 45.9% had gross rent of $1,000 to $1,499; and 18.3% had gross rent of $1,500 or more. The median gross rent was $1,139.
About nine of the vacant housing units were sold below $20,000, but most were sold at the $200,000-$499,999 price range. Some of the housing units had a price tag of at least $1,000,000. The median selling price was $413,000.
The vacant housing units available had rental of at least $800. About 3.5% of the vacant housing units in Dana Point City were for rent between $800 and $899; 10.9% were for rent between $900 and $999; 48.5% were for rent between $1,000 and $1,499; and 35.4% were for rent for at least $2,000. The median rental fee was $1,270, according to the year 2000 census results.
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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.