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. 

Moreno Valley Area Description

Moreno Valley City’s population reaches to 142,548 according to the United States Census Bureau for the year 2000. Out of this entirety, 95,754 are at least 16 years old and 50,105 of which are females. There are 7,142 city dwellers who are aged 65 years and above. It is also shown there are 130,172 residents who are at least 5 years of age.

The city’s learning institutions are populated with 52,312 enrollees. Out of the total number of students, 3.7 % are in nursery school, preschool; 6 % are in kindergarten; 48 % are in elementary school (grades 1-8); 24.2 % are in high school (grades 9-12); and 18.1 % are in college or graduate school. Only 4.6 % of Moreno Valley City’s total population aged 25 years and above are professional degree holders; while 9.4 % have bachelor's degree; and 8.3 % have associate degree.

As for the year 2000, Moreno Valley City has a labor force of 61,878 comprising of the city residents who are at least 16 years old. Out of the total labor force, 56,429 are employed and 5,234 are unemployed. There are also 28,919 females aged 16 years and above who join the city’s labor force, and 26,232 of them are employed.

The U. S. Census results in 2000 further show that the city has a total of 33,703 families. The median family income is $ 48,965 as of 1999. About 1,939 families earn less than $ 10,000; 1,568 families earn $10,000 to $14,999; 3,683 families earn $15,000 to $24,999; 3,831 families earn $25,000 to $34,999; 6,220 families earn $35,000 to $49,999; 8,217 families earn $50,000 to $74,999; 4,880 families earn $75,000 to $99,999; 2,633 families earn $100,000 to $149,999; 462 families earn $150,000 to $199,999; and 270 families earn $200,000 or more.

As of 1999, Moreno Valley City has 39,341 households. The median household income is $ 47,387. About 6.5 % of the total households have an income of less than $10,000; 4.6 % have an income between $10,000 to $14,999; 11.7 % earn between $15,000 to $24,999; 11.6 % earn between $25,000 to $34,999; 18.5 % earn between $35,000 to $49,999; 23.8 % earn between $50,000 to $74,999; 13.4 % earn between $75,000 to $99,999; 7.9 % earn between $100,000 to $149,999; 1.3 % earn between $150,000 to $199,999; and 0.7 % earn $200,000 or more.

Approximately 3,902 families, 1,844 families with female householders and no husband present; and 20,141 individuals are labeled as below poverty level. Out of the total number of families below poverty level, 5,245 have related children under 18 years old, and 2,707 families have related children below 5 years of age.

Moreno Valley City of California has a total of 41,462 housing units, 34,594 of which are 1-unit detached; 892 are 1-unit attached; 4,933 are multiple housing units; and 1,030 are mobile homes. About 56.9 % of the total housing units are built sometime in 1980 to 1989; and only 0.9 % is built from 1999 to March 2000

Out of the total housing units, 39,229 are occupied and 1,585 are vacant. About 26,273 of the occupied housing units are owner-occupied and 11,259 are renter-occupied. As for the vacant housing units, 835 are for sale and 750 are for rent only.

About 24,448 of the total owner-occupied units have mortgage while 1,825 units are not mortgaged. The median monthly mortgage cost is $ 1,179 as of 2000. Around 42.8 % of the total homeowners have a monthly mortgage cost of $1,000 to $1,499.

Roughly 1.2 % of the total renter-occupied housing units have a gross rent of $1,500 or more; 16.8 % have a gross rent of $1,000 to $1,499; 30 % have a gross rent of $750 to $999; 37 % have a gross rent of $500 to $749; 10.2 % have a gross rent of $300 to $499; 1.4 % have a gross rent of $200 to $299; and 1.2 % have a gross rent of less than $200. The median gross rent is $ 743.

As for the vacant housing units for sale, 0.7 % are sold at $35,000 to $39,999; 1.2 % are sold at $40,000 to $49,999; 3.2 % are sold at $50,000 to $59,999; 7.2 % are sold at $60,000 to $69,999; 4.3 % are sold at $70,000 to $79,999; 12.8 % are sold at $80,000 to $89,999; 16.6 % are sold at $90,000 to $99,999; 21.7 % are sold at $100,000 to $124,999; 16.8 % are sold at $125,000 to $149,999; 6.6 % are sold at $150,000 to $174,999; 3.7 % are sold at $175,000 to $199,999; 3.4 % are sold at $200,000 to $249,999; 0.5 % are sold at $250,000 to $299,999; 0.7 % are sold at $300,000 to $399,999; and 0.6 % are sold at $500,000 to $749,999. The median asking price is $ 104,500 as per 2000 United States Census Bureau results.

The city’s lowest rental fee for the vacant-for-rent housing units is less than $100 with only 11 vacant units available. About 14 units have a rental fee of $150 to $199; 11 units have a rental fee of $300 to $349; 40 units are for rent at $350 to $399; 50 units are for rent at $400 to $449; 14 units are for rent at $450 to $499; 118 units are for rent at$500 to $549; 76 units are for rent at $550 to $599; 66 units are for rent at $600 to $649; 89 units are for rent at $650 to $699; 54 units are for rent at $700 to $749; 26 units are for rent at $750 to $799; 99 units are for rent at $800 to $899; 6 units are for rent at $900 to $999; 36 units are for rent at $1,000 to $1,499; and 40 units are for rent at $1,500 to $1,999. The median asking price is $ 631.

The city’s employment records as of year 2000 shows that nearly 41,746 employees are working for private companies; 11,063 work for government offices; 3,430 are self-employed individuals; and 190 are unpaid family workers.

Sales and office occupations has the most number of employees with 17,328 workers; next is management, professional, and related occupations with 14,206; production, transportation, and material moving occupations with 9,905; service occupations with 8,408; construction, extraction, and maintenance occupations with 6,377; and farming, fishing, and forestry occupations with only 205 staffs.

As for the industries, the most populated in Moreno Valley 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 $ 14,983. The males who worked full-time all year round have median earnings of $ 38,620 while the females who also worked full-time all year round have median earnings of $ 26,492.

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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.