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.
Montclair Area Description
According to the United States Census Bureau summary file for the year 2000, Montclair City’s total population is 33,119, of which 23,453 are at least 16 years of age, and 11,797 were females. There are 2,721 residents who are 65 years old and 30,284 individuals who are at least 5 years of age.
Montclair City of California schools has a total of 10,612 enrollees who are at least 3 years old. About 4.6 % of the total enrollees are in nursery school, preschool; 5.6 % are in kindergarten; 48.9 % are in elementary school (grades 1-8); 23 % are in high school (grades 9-12); and 18 % are in college or graduate school. Nearly 2.5 % of the total population aged 25 years and above have graduate or professional degree; 7.1 % have bachelor's degree; 6.9 % have associate degree; and some 18.2 % are less than 9th graders.
The same census results show that city has a labor force of 13,768, comprising of those residents who are at least 16 years of age. Approximately 12,502 out of the total labor force are employed while 1,244 are unemployed. About 6,017 females who are at least 16 years old belong to the city’s labor force, and 5,468 of them are employed.
There are 7,157 families in Montclair City, California as per United States Census Bureau results for the year 2000. Out of the total number of families, 407 families have an income of less than $10,000; 454 families earn between $10,000 to $14,999; 1,049 families have an income of around $15,000 to $24,999; 952 families earn between $25,000 to $34,999; 1,174 families earn $35,000 to $49,999; 1,724 families earn $50,000 to $74,999; 775 families earn $75,000 to $99,999; 500 families have an income of $100,000 to $149,999; 40 families earn $150,000 to $199,999; and 82 families earn $200,000 or more. The city’s median family income is $ 42,815.
The city also has 8,831 households based on the same census results. Roughly 0.9 % of the total households have an income of $200,000 or more; 0.7 % earn $150,000 to $199,999; 6.5 % have an income of $100,000 to $149,999; 10.7 % earn $75,000 to $99,999; 21.7 % earn $50,000 to $74,999; 16.5 % earn $35,000 to $49,999; 14 % earn $25,000 to $34,999; 15.1 % earn $15,000 to $24,999; 7.2 % earn $10,000 to $14,999; and 6.7 % earn less than $10,000. The city’s median household income is $ 40,797 as of 1999.
As for the poverty status in 1999, 1,014 families, 336 families with female householders and no husband present, and 5,690 individuals are categorized under poverty level. Out of these families, 1,176 families have children below 18 years old and 662 families have related children below 5 years of age.
Montclair City has a total of 9,179 housing units, 5,264 of which are 1-unit detached; 771 are 1-unit attached; 2,381 are multiple housing units; and 740 are mobile homes. About 3,069 housing units are built sometime in 1940 to 1959 while only 19 units are constructed from 1999 to March 2000.
About 8,799 out of the total housing units are occupied and 222 units are vacant. Nearly 4,534 of the total occupied housing units are owner-occupied and 3,469 units are renter-occupied. As for the vacant housing units, 56 housing units are for sale and the remaining 166 units are for rent only.
Approximately 3,800 owner-occupied housing units have mortgage while 734 housing units are not mortgaged. The median monthly mortgage cost is $ 1,199. Around 2,096 homeowners have a monthly mortgage cost of $1,000 to $1,499.
There are around 51.7 % of the total renter-occupied housing units which has have a gross rent of $500 to $749; 24 % have a gross rent of $750 to $999; 11.8 % have a gross rent of $1,000 to $1,499; 7.6 % have a gross rent of $300 to $499; 2.9 % have no cash rent; 1.1 % have a gross rent of $200 to $299; 0.8 % have a gross rent of less than $200; and 0.1 % have a gross rent of $1,500 or more. The median gross rent is $ 671.
The vacant-for-sale housing units have $90,000 to $99,999 as the lowest selling price with 6 available units; followed by $125,000 to $149,999 with 29 units available; and $150,000 to $174,999 with 21 available units. The median asking price for these units is $ 144,000.
As for the vacant housing units for rent, 6 vacant units are for rent at $250 to $299; 5 units are for rent at $300 to $349; 6 units are for rent at $500 to $549; 15 units are for rent at $550 to $599; 71 units are for rent at $600 to $649; 11 units are for rent at $650 to $699; 7 units are for rent at $700 to $749; 6 units are for rent at $750 to $799; 12 units are for rent at $800 to $899; 14 units are for rent at $900 to $999; and 13 units are for rent at $1,000 to $1,499. The median asking price is $ 636.
Montclair City’s employment records for the year 2000 show that 10,125 employed individuals are working in private companies; 1,602 are working in government offices; 709 are self-employed; and 66 are unpaid family workers.
Sales and office occupations is the most populated with 3,491 staffs; followed by production, transportation, and material moving occupations with 2,952; management, professional, and related occupations with 2,417; Service occupations with 2,077; construction, extraction, and maintenance occupations with 1,463; and farming, fishing, and forestry occupations with only 102 workers.
The U.S. Census results for the year 2000 reveal that manufacturing industry has the most working populace while agriculture, forestry, fishing and hunting, and mining industry has the least.
The city’s full-time male workers who worked all year round have median earnings of $ 30,902 while the females who do the same have median earnings of $ 27,014. The city’s per capita income is $ 13,556.
Copyright ©2005 – 2006, Stein Valuation, Inc.
All Rights Reserved.
No portion of this page, text, images or code, may be copied, reproduced, published or distributed in any medium without the expressed written permission of the copyright holder.
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.