Stein Valuation, Inc.
Real Estate Appraisals & Consultation
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Following is a typical Appraisal Location description utilized by the Appraiser in analyzing the general area market trends.
Seal Beach Area Description
As of year 2000, Seal Beach City of California had a total populace of 24,283 based on the 2000 United States Census Bureau results. A number of residents aged 16 years and above summed up to 21,320, and of which 12,178 were females. There were also a total of 23,445 dwellers who were at least 5 years old and 8,853 who were 65 years and beyond.
The learning institutions found in Seal Beach City were populated with a total of 4,447 enrollees; 37.9 % of which were in college or graduate school; 16.3 % were in high school (grades 9-12); 34.7 % were in elementary school (grades 1-8); 4.1 % were in kindergarten; and 7 % were in nursery school, preschool. About14.3 % of the total population aged 25 years and above were graduates or professional degree holders; and some 2.3 % were only up the 9th grade or even lower.
Seal Beach City’s labor force was totaled to 10,112 individuals who were at least 16 years of age. Out of the entire labor force, 9,578 were employed and 344 were unemployed. There were also about 4,677 16-year old females who were a part of the city’s workforce, and 4,464 of them were employed.
Statistics presented by the U.S. Census Bureau emphasized that by the year 2000, there were 5,977 identified families in Seal Beach City. The median family income by then was $ 72,071. Around 371 families had an income of $200,000 or more; 520 families earned around $150,000 to $199,999; 1,236 families earned around $100,000 to $149,999; 816 families earned around $75,000 to $99,999; 973 families earned more or less $50,000 to $74,999; 721 families earned about $35,000 to $49,999; 663 families had between $25,000 to $34,999; 419 families with around $15,000 to $24,999; 142 families earned between $10,000 to $14,999; and 116 families earned only less than $10,000.
As of year 1999, U.S. Census Bureau findings identified 13,041 households in Seal Beach City. The median household income was $ 42,079. Out of the total households, 3.6 % had an income of $200,000 or more; 4.5 % earned between $150,000 to $199,999; 12.3 % earned around $100,000 to $149,999; 8.9 % had an income of between $75,000 to $99,999; 14.6 % produced around $50,000 to $74,999; 13.5 % earned between $35,000 to $49,999; 12.4 % had around $25,000 to $34,999; 14.2 % had about $15,000 to $24,999; 9 % earned between $10,000 to $14,999; and 7.2 % got only less than $10,000.
Approximately 194 families, 93 families with female householder, no husband present, and 1,330 individuals were sorted out as below poverty level. Out of the 194 families considered below poverty level, 69 families had related children below 18 years old, and 22 related children below 5 years of age.
Same census results revealed that there were a total of 14,309 made available for Seal Beach City’s populace. About 4,554 of which were single unit detached; 2,127 were single unit attached; 7,465 were multiple units; and 148 were mobile homes. Most of these housing units, or roughly 54.1 % were built sometime between 1960 to 1969. More or less 547 housing units were constructed on 1939 or earlier, while only 64 units were put up from 1999 to March 2000.
There were 13,085 units out of the totality which were already occupied as of year 2000, and 297 units were still vacant. About 4,805 of the occupied housing units were owner-occupied and 3,097 were renter-occupied. Some 149 out of the total vacant housing units were for sale, while the remaining 148 units were for rent with different price tags.
About 2,864 out of the total owner-occupied housing units had a mortgage, while 1,941 units were not mortgaged. The median monthly mortgage cost was $ 2,059. Around 1,516 homeowners or the majority had a monthly mortgage cost of $2,000 or more.
Records further show that out of the total renter-occupied units, 13.4 % had gross rent of $1,500 or more; 35.9 % had a gross rent of $1,000 to $1,499; 23.6 % had a gross rent of $750 to $999; 11 % had a gross rent of $500 to $749; 6.7 % had a gross rent of $300 to $499; 1.5 % had a gross rent of $200 to $299; 0.2 % had a gross rent of less than $200; and 7.6 % had no cash rent. The median gross rent was $ 1,036.
No vacant-for-sale units were sold below $40,000. Majority of the units were sold at roughly $80,000 to $89,999. The median asking price for these housing were was $ 84,300. As for the vacant-for-rent housing units, the lowest rental price asked was from $200 to $249 and there were only 4 units available for this price bracket, 52 % of these units were for rent at $1,000 to $1,499. The median rental fee for these units, according to the 2000 United States Census Bureau was $ 1,086.
Year 2000 employment records show that management, professional, and related occupations was on top of the workers priority list with a proven figure of 52.8 % of the total employed civilian population aged 16 and above. There were also 26.5 % who went for sales and office occupations.
Educational, health and social services was the most populated industry in Seal Beach City with 2,335 workers, while agriculture, forestry, fishing and hunting, and mining was the least peopled with only 12 staffs.
The city’s per capita income was $ 34,589. The males who worked full-time all year round made median earnings of 61,654, while the full-time females had median earnings of $ 41,615 based on the United States Census Bureau results in the year 2000.
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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.