LIVING IN FOUNTAIN VALLEY
Fountain Valley is a larger medium-sized city located in the state of California. With a population of 55,814 people and 12 constituent neighborhoods, Fountain Valley is the 155th largest community in California.
Fountain Valley home prices are not only among the most expensive in California, but Fountain Valley real estate also consistently ranks among the most expensive in America.
Fountain Valley is a decidedly white-collar city, with fully 85.34% of the workforce employed in white-collar jobs, well above the national average. Overall, Fountain Valley is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in Fountain Valley who work in office and administrative support (14.41%), sales jobs (12.05%), and management occupations (10.56%).
Of important note, Fountain Valley is also a city of artists. Fountain Valley has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Fountain Valley’s character.
Also of interest is that Fountain Valley has more people living here who work in computers and math than 95% of the places in the US.
The education level of Fountain Valley ranks among the highest in the nation. Of the 25-and-older adult population in Fountain Valley, 42.89% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.
The per capita income in Fountain Valley in 2010 was $38,149, which is upper middle income relative to California, and wealthy relative to the rest of the US. This equates to an annual income of $152,596 for a family of four. However, Fountain Valley contains both very wealthy and poor people as well.
Fountain Valley is an extremely ethnically-diverse city. The people who call Fountain Valley home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Fountain Valley residents report their race to be White, followed by Asian. Fountain Valley also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 15.82% of the city’s residents. Important ancestries of people in Fountain Valley include German, Irish, English, Italian, and Polish.
In addition, Fountain Valley has a lot of people living here who were born outside of the US (29.72%).
The most common language spoken in Fountain Valley is English. Other important languages spoken here include Vietnamese and Spanish.
FOUNTAIN VALLEY HOUSING MARKET INFORMATION
With 55,814 people, 18,597 houses or apartments, and a median cost of homes of $843,055, Fountain Valley house prices are not only among the most expensive in California, Fountain Valley real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Fountain Valley, accounting for 65.52% of the city's housing units. Other types of housing that are prevalent in Fountain Valley include large apartment complexes or high rise apartments ( 18.36%), row houses and other attached homes ( 8.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.59%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fountain Valley. Owner-occupied housing accounts for 68.22% of Fountain Valley's homes, and 65.00% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Fountain Valley built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fountain Valley built between 1940-1969 ( 40.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.35%).
FOUNTAIN VALLEY HOME APPRECIATION RATES
In the last 10 years, Fountain Valley has experienced some of the highest home appreciation rates of any community in the nation. Fountain Valley real estate appreciated 51.24% over the last ten years, which is an average annual home appreciation rate of 4.22%, putting Fountain Valley in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fountain Valley definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Fountain Valley appreciation rates have trailed the rest of the nation. In the last twelve months, Fountain Valley's appreciation rate has been 3.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fountain Valley were at 1.28%, which equates to an annual appreciation rate of 5.23%.
Relative to California, our data show that Fountain Valley's latest annual appreciation rate is lower than 50% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fountain Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fountain Valley - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fountain Valley real estate investment or home purchase decisions.
Reasons To Invest
- Increasing Rental Demand
- Population Growth
- Growing Job Market
- Ethnically-Diverse City
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