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.
Garden Grove Area Description
Garden Grove City's population totaled 165,710, according to the U.S. Census Bureau's official census in year 2000. Out of the total population, 122,976 residents were at least 16 years of age, of which 62,027 were females. There were 95,904 city residents aged 21 to 64 years old.
The year 2000 census results also show that there were 51,277 students in Garden Grove City, 43.2% of which were in elementary school; 25.5% were in college or graduate school; 20.9% were in high school; 6.0% were in kindergarten; and 4.4% were in nursery or pre-school. About 67.8% of Garden Grove City's population aged 25 and above were high school graduates but only 15.0% had a bachelor's degree or higher.
Garden Grove City's labor force totaled 74,484, comprised of residents age 16 years and above. Out of the total labor force, 69,356 were employed and 5,068 were unemployed. About 32,732 females that were at least 16 years old comprised the labor force, and 30,247 of them were employed.
Employment results of the year 2000 census further show that 57,588 employees worked for private companies; 6,855 were hired by the government; and 4,682 were self-employed. Most of the employed population had sales and office occupations; management, professional, and related occupations; and production, transportation, and material moving jobs. In terms of industry, records show that the most of the employed populace were in the manufacturing industry.
Of the 69,356 employed workers in the city, 39,109 were males and 30,247 were females. Most of the males worked in 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 $33,295, while median earnings for full-time, year-round female employees were $26,709 in year 1999.
Records of the U.S. Census Bureau also show that there were 45,945 households in Garden Grove City in year 1999. Out of the total households, only 1.2% had income of at least $200,000; 2.0% earned between $150,000 and $199,999; 9.4% earned between $100,000 and $149,999; 12.7% earned between $75,000 and $99,999; 22.6% earned between $50,000 and $74,999; 17.7% earned between $35,000 and $49,999; 11.9% earned between $25,000 and $34,999; 11.2% earned between $15,000 and $24,999; 4.8% earned between $10,000 and $14,999; and 6.7% earned less than $10,000. For the year 1999, the median income of Garden Grove City households was $47,754 while mean earnings were $55,779.
Year 2000 census results have also recorded 36,907 families in the city. The median family income in 1999 was $49,697. Only 5.0% of the families had earnings of less than $10,000; 23.8% earned $50,000 to $74,999; 12.9% earned $75,000 to $99,999; 9.9% earned $100,000 to $149,999; and only 1.1% earned $200,000 or more.
About 3,858 families, or 22,779 individuals, were below the poverty level in 1999. Out of these families, 3,155 had children under 18 years of age, while 1,455 had children under 5 years old.
As per the U.S. Census 2000 results, there were 46,825 housing units in the city, 26,470 of which were single-detached units; 4,498 were single- attached units; 14,035 were multiple housing units; and 1,715 were mobile homes. Most of the housing structures were built between 1940 and 1979. Around 1,900 housing units were built between 1990 and 1998. Only 327 housing units were built between 1999 and March 2000.
Out of the total housing units, 45,914 were occupied and at least 500 were vacant. About 24,178 of the housing units were owner-occupied and 18,534 were renter-occupied. As for the vacant housing units, 200 were for sale while 300 were for rent.
Out of the 24,178 owner-occupied units, 18,867 had mortgage while 5,311 had no mortgage. Around 13,555 owners had mortgage of between $1,000 and $1,999. The median monthly owner cost was $1,433.
Out of the 18,534 renter-occupied units, 2.0% had gross rent of less than $200; 27.5% had gross rent of $500 to $749; 37.9% had gross rent of $750 to $999; 22.6% had gross rent of $1,000 to $1,499; and 1.9% had gross rent of $1,500 or more. The median gross rent was $827.
The vacant housing units were sold for at least $80,000. Only eight of the vacant housing units were sold at the $80,000-$89,999 price range. Most had price tags between $175,000 and $249,999. Few housing units were sold at the $250,000-$399,999 price range. None were sold above $400,000. The median selling price was $193,200.
The vacant housing units available had rental of at least $400. About 10.8% of the vacant housing units in Garden Grove City were for rent between $600 and $649; 31.2% were for rent between $800 and $899; 16.5% were for rent between $900 and $999; and 18.0% were for rent between $1,000 and $1,499. None of the vacant housing units were for rent above $1,500. The median rental fee was $850, 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.