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.
Temple City Area Description
According to the U.S. Census Bureau's official census in year 2000, Temple City had a total population of 33,296. Out of the total population, 26,220 residents were at least 16 years of age. There were 22,330 city residents aged 25 and above.
Records on education show that in the year 2000, the city had 9,823 students. Around 40% of the city's student population were in elementary school; 20% were in high school; and 30% were in college or university. About 84% of the city's population aged 25 and above were high school graduates but only 29% had a bachelor's degree or higher.
Temple City had 11,706 total number of housing units, of which 80.6% were single-detached units; 6.9% were single-attached; 0.5% were mobile homes; and the rest were multiple housing units. Nearly 52% of the total housing structures were built during 1940 to 1959. Another 17% were built during the 1960s. Around 1,600 housing structures were built from 1970 to 1989. Less than 600 housing units were built from 1990 to March 2000.
There were 11,393 occupied housing units in the city and at least 170 vacant housing units, based on year 2000 census results. About 90 of the vacant housing units were for sale and 80 were for rent. There were 525 households in Temple City with no vehicles; 3,794 had one vehicle; 4,635 had two vehicles; and 2,439 had three or more available vehicles.
Out of the 6,805 owner-occupied units, 5,007 had mortgage while 1,798 did not have mortgage. Nearly 3,100 of the housing units had mortgage between $1,000 and $1,999. The median monthly owner cost was $1,415. Only 7% of the owner-occupied units had value of less than $50,000; 19% were valued between $150,000 and $199,999; 53% were valued between $200,000 and $299,999; 15% were valued between $300,000 and $499,999. The housing units had median value of $234,800.
Out of the 4,212 renter-occupied units, only 0.9% had gross rent of less than $200; 31.7% had gross rent of $500 to $749; 27.4% had gross rent between $750 and $999; 23% had gross rent between $1,000 and $1,499; and only 3.4% had gross rent of $1,500 or more. The median gross rent was $800.
Asking price for the vacant housing units were varied, but most had price tags of $175,000 to $199,999. None of the housing units were sold above $1,000,000. The median selling price was $191,200.
The vacant housing units were for rent for at least $500. Most of the housing units had rental fees of between $750 and $799. None were for rent above $1,999. The median rental fee was $781.
Temple City had a total civilian labor force of 15,889, based on census results for the year 2000. Out of the total number of residents that were at least 16 years old, 15,102 were employed and only 787 were unemployed. About 7,642 females that were at least 16 years old belonged to the labor force, and 7,323 of them were employed.
The U.S. Census Bureau's year 2000 census results show that 11,237 workers were hired by private companies; 2,300 worked for the government; and 1,528 were self-employed. Most of the city's working class were in the manufacturing; retail trade; professional, scientific, management, administrative, and waste management services; and educational, health and social services industries.
Of the 15,102 employed workers in the city, 7,779 were males and 7,323 were females. Most of the males worked in the manufacturing industry while most of the females were in the educational, health, and social services industry. Median earnings for full-time, year-round male employees were $39,365, while median earnings for full-time, year-round female employees were $32,103 in year 1999.
Records of the U.S. Census Bureau show that there were 11,393 households in 1999. Out of the total households, only 1.4% had income of at least $200,000; 2.7% had income between $150,000 and $199,999; 9.0% had income between $100,000 and $149,999; 13.6% had income between $75,000 and $99,999; 21.9% had income between $50,000 and $74,999; 17.6% had income between $35,000 and $49,999; 11.5% had income between $25,000 and $34,999; 10.6% had income between $15,000 and $24,999; 5.2% had income between $10,000 and $14,999; and 6.5% had income of less than $10,000. For the year 1999, the median household income of Temple City households was $48,722 and the mean earnings were $56,714.
Year 2000 census results also show that there were 8,673 families in Temple City. Nearly 5,000 families had earnings ranging from $35,000 to $99,999. The median family income in 1999 was $54,455. About 624 families, or 3,069 individuals, were below the poverty level in 1999.
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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.