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.
Tustin Area Description
Based on the United States Census for the year 2000, Tustin City of California has a total population of 67,551, of which 51,088 are at least 16 years old. There are also 4,695 residents who reached 65 years of living, and records further show that 62,116 dwellers of this city are at least 5 years old.
Tustin City’s schools enrollees who are at least 3 years old total to 19,418. Out of the entire number of students, 5.9 % are enrolled in nursery school, preschools; 6.3 % are in kindergarten; 41.7 % are in elementary school (grades 1-8); 18.7 % in are in high school (grades 9-12); and 27.3 % are in college or graduate schools. Only 11.7 % of the city’s population aged 25 years and above attained graduate or professional degree; 21.7 % has bachelor's degree; 7.8 % has associate degree; 23.1 % has some college, no degree; 9.4 % are only up to less than 9th grade.
About 36,646 residents who are at least 16 years old comprise the Tustin City’s labor force. Out of the total number of labor force, 34,906 are employed and 1,740 are unemployed. There are also 17,298 females aged 16 years and above who joined the labor force, 16,522 are employed.
According to the same census results, there are 16,124 families identified in Tustin City of California. Some 832 families earn $200,000 or more, while some 438 families has an income of less than $10,000; 413 families earn between $10,000 to $14,999; 1,417 families earn between $15,000 to $24,999; 1,644 has an income of around $25,000 to $34,999; 2,674 families has an income of around $35,000 to $49,999; 3,167 families earn between $50,000 to $74,999; 2,268 families earn between $75,000 to $99,999; 2,522 families has an income of around $100,000 to $149,999; and the remaining 749 families earn $150,000 to $199,999. The median family income is $60,092 as of 1999.
The city’s households as of 1999 total to 23,853 and the median household income is $ 55,985. Out of the entire households, 4 % has an income of less than $10,000; 3.5 % earn between $10,000 to $14,999; 8.5 % earn between $15,000 to $24,999; 10.4 % produced between $25,000 to $34,999; 17.6 5 earn between $35,000 to $49,999; 21.3 % has an income of around $50,000 to $74,999; 13.4 % earn between $75,000 to $99,999; 13.2 % earn between $100,000 to $149,999; 4 % earn between $150,000 to $199,999; and 4.1 % earn between $200,000 or more.
Approximately 939 families, 367 families with female householders and no husband present, and 5,689 individuals are labeled as below poverty level. Amongst the families below poverty level, 836 has related children below 18 years old and 467 has related children under 5 years old.
The U.S. Census Bureau statistics for the year 2000 further revealed that 25,486 are constructed in Tustin City, and of which 8,070 are single detached units; 3,457 are single attached units; 13,052 are multiple units; and 889 are mobile homes. About 50.4 % of the entire housing units are built from 1960 to 1979; 1.8 % are constructed from 1939 or earlier; 9.9 % are built from 1940 to 1959; 11.3 % are built from 1980 to 1989; 12.9 % are built from 1990 to 1994; 11.1 % are built from 1995 to 1998; and 2.6 % are built from 1999 to March 2000. About 23,838 out of the total housing units are occupied and 369 units are vacant. Out of the total occupied housing units, 9,487 are owner-occupied and 11,993 are renter-occupied. As for the vacant hosing units, 261 are for rent and 108 are for sale units.
Out of the 9,487 owner-occupied housing units, 8,310 are mortgaged while 1,177 units are not mortgaged. The monthly mortgaged of 12 homeowners are less than $300 while 3,103 homeowners has a monthly mortgage has of $300 to $499. The median monthly mortgage cost is $ 1,792.
As for the renter-occupied units, 1.1 % has a gross rent of less than $200; 1 % has a gross rent between $200 to $299; 1.8 % has a gross rent between $300 to $499; 12.8 % has a gross rent between $500 to $749; 44.7 % has a gross rent between $750 to $999; 3.4 % has a gross rent between $1,000 to $1,499; 6.5 5 has a gross rent of $1,500 or more; and 1.8 % has no cash rent. The median gross rent is $925 based on the U.S. Census Bureau official results for the year 2000.
The minimum asking price of the vacant housing units for sale is $90,000 to $99,999 with only 5 units available while most of the vacant housing units has a selling price of $300,000 to $399,999. The median cost for these units is $12,900.
Rental fees for the vacant housing units ranged from $300 to $1,999. None of the specified vacant-for-rent housing units are priced above $2,000. The median rental fee is $ 956.
Tustin City’s employment records stated that 29,346 employees worked for private companies; 3,386 worked for government offices; 2,050 are self-employed workers; and 124 are unpaid family workers.
Management, professional, and related occupations has the most number of employees with 40.5 % of the total population aged 25 and above; followed by sales and office occupations with 29.6 %; service occupations with 13.1 %; production, transportation, and material moving occupations with 11.1 %; construction, extraction, and maintenance occupations with 5.6 %; farming, fishing, and forestry occupations with 0.1 % of the totality.
In terms of industry, records show that most of the employed populace of Tustin City are in the manufacturing industries, and professional, scientific, management, administrative, and iste management services.
Males who worked full-time all year round has median earning of $ 42,456 while those females who worked full-time all year round has median earnings of $ 33,688. The city’s per capita income as of 1999 is $ 25,932.
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.