Stein Valuation, Inc.

Real Estate Appraisals & Consultation

Phone 1-800-906-8141

 

 

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. 

Mission Viejo Area Description

Based on the United States Census Bureau for the year 2000, Mission Viejo City’s population reaches to 92,780. Out of this entirety, 70,280 are at aged at least 16 years old and 36,594 of which are females. There are 9,984 city dwellers who are aged 65 years and above. It is also shown there are 86,509 residents who are at least 5 years of age.

Mission Viejo City’s learning institutions are populated with 27,931 enrollees. Out of the total number of students, 7 % are in nursery school, preschool; 5.3 % are in kindergarten; 43 % are in elementary school (grades 1-8); 20.4 % are in high school (grades 9-12); and 24.4 % are in college or graduate school. Only 12.9 % of Mission Viejo City’s total population aged 25 years and above are professional degree holders; while 28.3 % have bachelor's degree; and 9.6 % have associate degree.

According to the same census results, Mission Viejo City has a labor force of 48,629 comprising of the city residents who are at least 16 years old. Out of the total labor force, 46,858 are employed and 1,721 are unemployed. There are also 21,947 females aged 16 years and above who join the city’s labor force, and 21,137 of them are employed.

The city has a total of 25,348 families as per 2000 U.S. Census findings. The median family income is $ 86,902 as of 1999. About 365 families earn less than $ 10,000; 320 families earn $10,000 to $14,999; 735 families earn $15,000 to $24,999; 1,459 families earn $25,000 to $34,999; 2,397 families earn $35,000 to $49,999; 4,937 families earn $50,000 to $74,999; 4,948 families earn $75,000 to $99,999; 6,216 families earn $100,000 to $149,999; 2,242 families earn $150,000 to $199,999; and 1,729 families earn $200,000 or more.

As of 1999, Mission Viejo City has 32,379 households. The median household income is $ 78,248. About 2.5 % of the total households have an income of less than $10,000; 2.3 % have an income between $10,000 to $14,999; 4.4 % earn between $15,000 to $24,999; 7.2 % earn between $25,000 to $34,999; 10.6 % earn between $35,000 to $49,999; 20.3 % earn between $50,000 to $74,999; 17.9 % earn between $75,000 to $99,999; 21.1 % earn between $100,000 to $149,999; 7.7 % earn between $150,000 to $199,999; and 6.1 % earn $200,000 or more.

Approximately 589 families, 229 families with female householders and no husband present; and 3,480 individuals are labeled as below poverty level. Out of the total number of families below poverty level, 654 have related children under 18 years old, and 147 families have related children below 5 years of age.

Mission Viejo City of California has a total of 32,896 housing units, 24,180 of which are 1-unit detached; 4,010 are 1-unit attached; 4,617 are multiple housing units; and 79 are mobile homes. About 41.3 % of the total housing units are built sometime in 1970 to 1979; and only 1.3 % is built from 1999 to March 2000

Out of the total housing units, 32,329 are occupied and 351 are vacant. About 24,338 of the occupied housing units are owner-occupied and 5,997 are renter-occupied. As for the vacant housing units, 181 are for sale and 170 are for rent.

Of the 24,338 owner-occupied units, 20,879 units have mortgage while 3,459 units are not mortgaged. The median monthly mortgage cost is $ 1,825 as of 2000. Around 8,084 homeowners have a monthly mortgage cost of $2,000 or more.

About 22.1 % of the total renter-occupied housing units have a gross rent of $1,500 or more; 40.7 % have a gross rent of $1,000 to $1,499; 29.3 % have a gross rent of $750 to $999; 3.3 % have a gross rent of $500 to $749; 1.3 % have a gross rent of $300 to $499; 0.5 % have a gross rent of $200 to $299; and 0.8 % have a gross rent of less than $200. The median gross rent is $ 1,145.

As for the vacant housing units for sale, 3.3 % are sold at less than $20,000; 7.2 % are sold at $20,000 to $24,999; 10.5 % are sold at $125,000 to $149,999; 8.3 % are sold at $200,000 to $249,999; 13.3 % are sold at $250,000 to $299,999; 12.7 % are sold at $300,000 to $399,999; 34.8 % are sold at $400,000 to $499,999; and 9.9 % are sold at $500,000 to $749,999. The median asking price is $ 358,700 as per 2000 United States Census Bureau results.

The lowest rental fee for the vacant-for-rent housing units is $800 to $899 with only 16 vacant units available. About 65 units have a rental fee of $900 to $999; another 65 units have a rental fee of $1,000 to $1,499; 9 units are for rent at $1,500 to $1,999; and 15 units are for rent at $2,000 or more. The median asking price is $ 1,019.

The city’s employment records as of year 2000 shows that nearly 37,039 employees are working for private companies; 5,589 work for government offices; 4,051 are self-employed individuals; and 179 are unpaid family workers.

Management, professional, and related occupations has the most number of employees with 21,903 workers; next is sales and office occupations with 14,688; service occupations with 4,822; production, transportation, and material moving occupations with 3,029; construction, extraction, and maintenance occupations with 2,398; and farming, fishing, and forestry occupations with only 18 staffs.

The most populated industry in Mission Viejo City is educational, health and social services industries while the least is agriculture, forestry, fishing and hunting, and mining industries.

The city’s per capita income is $ 33,302. The males who worked full-time all year round have median earnings of $ 61,849 while the females who also worked full-time all year round have median earnings of $ 38,743.

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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.