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.
Pasadena Area Description
The United States census Bureau shows that in the year 2000, there are 133,936 people residing in Pasadena City, California. Of the city's total population, 23.1% are under the age of 18, meanwhile, 9.3% are from 18 to 24,34.9% from 25 to 44, 20.6% from 45 to 64 and 12.1% are 65 years of age or older. There is a 95.7:100 male to female ratio. And it appears that 34 years is the population's median age.
There are 38,627 residents age 3 years and over enrolled in Pasadena schools. Among these, elementary school-goers comprise the largest group with 13,806 students. There are 2,536 nursery or preschoolers, 2,072 kindergarten pupils, 6,651 high school students while 13,562 are attending college or graduate school.
The US Census shows that a total of 21,397 residents are bachelor's degree holder. That is 23.5% out of the entire population aged 25 years and above which is 90,934. There are 10,312 with less than 9th grade, 8,341 with 9th to 12th grade, 12,180 high school graduate and 16,828 with some college. Also, 5,683 are Associate degree holders and 16,193 are graduate or professional degree holder.
The same US Census reports that the Pasadena labor force is comprised of 67,619 people. This is out 105,992 number of residents age 16 years and over. Therefore, 38,373 people are not into labor. There are seven who are into armed forces while the 67,612 are in civilian labor force. The latter is further divided to 63,104 employed people and 4,508 who are not.
The workers population is predominantly private wage and salary type with 48,086 workers. 8,751 are government workers, 6,041 are self-employed workers in an owned unincorporated business while 223 are unpaid family workers.
The US Census shows that most people in Pasadena are into management, professional and related occupation with 48% of the employed workers age 16 years and above. Meanwhile, 23.3% are into sales and office occupations, 15.7% are into service occupations, 5.1% are into constructions, extraction, and maintenance occupation and 7.8% are into production, transportation, and material moving occupation. About 0.1% have fishing, farming, and forestry occupation.
Basing on the US Census, educational, health and social services are the most frequented industries with 24.1% of the population engage to it. Meanwhile, professional, scientific, management, administrative, and waste management services follow the list.
In 2000, Pasadena City has gained $28,186 per capita income. It is further shown that male, full time, year-round workers have $41,120 while the female counterpart have $36,435 in their median earnings.
Basing on the results of the same US Census, there are a total of 29,807 families in Pasadena earning a median income of $53,639. 1,906 of these families are earning less than $10,000 while 2,151 are earning $200,000 or more.
On the other hand, there are 51,809 households of which 5,314 are hitting the lowest income bracket with less than $10,000 and 2,833 are earning the highest with $200,000 or more. The median household income is $46,012. Both household and family income reports are based in the year 1999.
It is reported that Pasadena has 20,909 individuals, living below poverty level. This will also include the 3,444 number of families and another 1,552 families with female householder with no husband present living in the same status.
Pasadena has a total of 54,114 housing units built. Most of the structures are built in a detached single unit type. There are 4,136 attached single units, 1,484 double units, 3,161 3 to 4 units, 4,683 5 to 9 units and 5,402 10 to 19 units. 20 or more unit types are the second most popular with 10,398 in number. Most of the structures are built in 1939 or earlier and from 1999 to March 2000, 0.3% of these were built.
There are a total of 51,827 occupied housing units. Of these, 19,318 are occupied by the owners while 28,111 are occupied by renters. The owner-occupied units are mostly valued at $200,000 to$299,999 with 28.3% of the number of units while another 27.6% are valued at $300,000 to $499,999. Median value is $286,400. On the other hand, about 35.2% of the renter-occupied units have a gross rent of $500 to $749 while the median rent is $764. There are also 665 units with no cash rent.
A total of 284 units are vacant and available for sale. 27.1% of these have an asking price from $300,000 to $399,999. Meanwhile the median asking price is $309,100.
There are also 758 units available for rent. Most of these units have an asking rent of $1,000 to $1,499 while the median asking rent is $844.
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.