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.
Redlands Area Description
Based on the United States Census Bureau’s latest survey, Redlands City has a total population count of 63,672. Out of this entirety, 49,099 are 16 years old and above and 26,567 from this sub-total are females. The headcount of the city’s residents who are 65 years and above reaches 7,450. There are also 59,695 residents who are at least 5 years old, according to the same census survey.
Redlands City’s schools are populated with 20,385 enrollees who are at least 3 years of age. Out of the total number of students, 5 % are enrolled in nursery school, preschool; 3.8 % in kindergarten; 39.2 % in elementary school (grades 1-8); 19.5 % in high school (grades 9-12); and 32.3 % in college or graduate school. About 86.6 % of Redlands City’s population aged 25 years and above are high school graduate or higher but only 35.2 % are bachelor’s degree or higher.
The labor force of the same city totaled to 32,031, comprising of residents who are at least 16 years old, of which 29,942 are employed, and 2,043 are unemployed. There are also 15,416 females aged 16 years old and above who join the city’s labor force, 14,286 of them are employed.
As per United States Census Bureau’s 2000 summary files, there are 16,104 recognized families in Redlands City. The median family income is $ 56,254. Out of the total family population, 663 families earn less than $ 10,000; 690 families earn between $10,000 to $14,999; 1,476 families earn between $15,000 to $24,999; 1,712 families earn between $25,000 to $34,999; 2,537 families earn between $35,000 to $49,999; 3,294 families earn between $50,000 to $74,999; 2,200 families earn between $75,000 to $99,999; 2,141 families earn between $100,000 to $149,999; 770 families earn between $150,000 to $199,999; and only 621 families earn $200,000 or more.
Redland City has 23,590 households as shown in the same census results. The median household income for the year 1999 is $ 48,155. About 7.1 % of the total households have income of less than $10,000; 5.6 % have an income of $10,000 to $14,999; 10.7 % have an income of $15,000 to $24,999; 11.6 % have an income of $25,000 to $34,999; 16.8 % have an income of $35,000 to $49,999; 19.6 % have an income of $50,000 to $74,999; 11.6 % have an income of $75,000 to $99,999; 10.5 % have an income of $100,000 to $149,999; 3.5 % have an income of $150,000 to $199,999; and only 3 % of the total households have an income of $200,000 or more.
As of 1999, there are 1,235 families; 580 families with female householders with no husband present; and 6,492 individuals who are labeled as below poverty level. Out of the total number of families below poverty level, 518 have related children below 18 years old, and 218 families have related children who are below 5 years of age.
There are 24,878 housing units built in Redlands City, California as per U.S. Census 2000 results. Out of which, 15,880 are 1-unit detached; 903 are 1-unit attached; 7,187 are multiple housing units; and 896 are mobile homes. Roughly 23.2 % of the total housing units are built sometime in 1980 to 1989; 22.5 % are built from 1970 to 1979; 19.2 % are built from 1940 to 1959; 15.5 % are built from 1960 to 1969; 11.8 % are built from 1939 or earlier; 5.4 % are built from 1990 to 1994; 1.4 % are built from 1995 to 1998; and only 0.9 % are built from 1999 to March 2000.
About 23,669 out of the total housing units are occupied and 851 units are vacant. Out of the total occupied housing units, 12,853 are specified as owner-occupied units, while 9,390 units are just renter-occupied. For the vacant housing units, 289 units are only for sale and the remaining 562 are only for rent.
Approximately 10,045 out of the total owner-occupied housing units have mortgage while 2,808 units have no mortgage. About 4,266 homeowners have a monthly mortgage of $1,000 to $1,499. The median monthly mortgage cost is $ 1,326.
Out of the total renter-occupied units, 3.1 % have a gross rent of $1,500 or more; 9.6 % have a gross rent of $1,000 to $1,499; 21.3 % have a gross rent of $750 to $999; 49.3 5 have a gross rent of $500 to $749; 10.8 % have a gross rent of $300 to $499; 2.9 % have a gross rent of $200 to $299; and 0.6 % have a gross monthly rent of less than $200. The median gross rent is $ 689 as of 1999.
More than 25 % of the vacant housing units for sale have a price tag of $125,000 to $149,999. None of these housing units cost below $50,000 while the highest asking price ranges from $750,000 to $999,999. The median asking price is $ 146,100 for these housing units which are for sale only.
There are only 6 vacant-for-rent housing units which have the lowest rental of less than $ 100. Nearly 16.9 % of the vacant housing units are for rent between $550 to $599; 15.7 % are for rent between $600 to $649; 12.3 % are for rent between $450 to $499; and 3.6 % are for rent between $1,500 to $1,999. The median rental fee is $ 578.
Redlands City has employed 29,942 out of the total population aged 16 years and above, of which 69.1 % worked for private companies; 23.5 % worked for government offices; 7 % are self-employed workers; and 0.4 % are unpaid family workers.
Employment records further show that 45.8 % of the total employment population who are at least 16 years of age have management, professional, and related occupations; 14.3 % have service occupations; 23.9 % have sales and office occupations; 0.1 % have farming, fishing, and forestry occupations; 7 % have construction, extraction, and maintenance occupations; and 8.8 % have production, transportation, and material moving occupations.
As for the industry, U.S. Census Bureau results for the year 2000 show that educational, health and social services industry is the most populated while agriculture, forestry, fishing and hunting, and mining is the least.
The males who worked full-time all year round have median earning of $ 42,408, while the females who do the same have median earnings of $ 32,122. As of 1999, Redlands City’s per capita income is $ 24,237.
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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.