LIVING IN YORBA LINDA
Yorba Linda is a larger medium-sized city located in the state of California. With a population of 67,787 people and 16 constituent neighborhoods, Yorba Linda is the 127th largest community in California.
Yorba Linda home prices are not only among the most expensive in California, but Yorba Linda real estate also consistently ranks among the most expensive in America.
Yorba Linda is a decidedly white-collar city, with fully 89.31% of the workforce employed in white-collar jobs, well above the national average. Overall, Yorba Linda is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in Yorba Linda who work in management occupations (17.31%), sales jobs (13.51%), and office and administrative support (12.01%).
Also of interest is that Yorba Linda has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Yorba Linda telecommute to their jobs. Overall, about 9.51% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Yorba Linda is a great place for families with children to consider. First of all, many other families with children live here, making Yorba Linda a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Yorba Linda has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Yorba Linda’s overall crime rate is lower than average for the country.
One downside of living in Yorba Linda is that it can take a long time to commute to work. In Yorba Linda, the average commute to work is 33.91 minutes, which is quite a bit higher than the national average.
Do you like to read, write and learn? If you move to Yorba Linda, you'll likely find that many of your neighbors like to as well. Yorba Linda is one of the more educated communities in America, with a full 53.38% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Yorba Linda in 2010 was $54,101, which is wealthy relative to California and the nation. This equates to an annual income of $216,404 for a family of four.
Yorba Linda is an extremely ethnically-diverse city. The people who call Yorba Linda home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Yorba Linda residents report their race to be White, followed by Asian. Yorba Linda also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 17.26% of the city’s residents. Important ancestries of people in Yorba Linda include German, English, Irish, Italian, and French.
Yorba Linda also has a high percentage of its population that was born in another country: 19.47%.
The most common language spoken in Yorba Linda is English. Other important languages spoken here include Spanish and Chinese.
YORBA LINDA HOUSING MARKET INFORMATION
With a population of 67,787, 22,366 total housing units (homes and apartments), and a median house value of $905,215, Yorba Linda house prices are not only among the most expensive in California, Yorba Linda real estate also is some of the most expensive in all of America.
Yorba Linda is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Yorba Linda than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Yorba Linda. Owner-occupied housing accounts for 82.02% of Yorba Linda's homes, and 71.31% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Yorba Linda 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 Yorba Linda built between 2000 and later ( 17.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.86%). There's also some housing in Yorba Linda built before 1939 ( 1.13%).
YORBA LINDA HOME APPRECIATION RATES
Appreciation rates for homes in Yorba Linda have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 46.29%, which ranks in the top 30% nationwide. This equates to an annual average Yorba Linda house appreciation rate of 3.88%.
Over the last year, Yorba Linda appreciation rates have trailed the rest of the nation. In the last twelve months, Yorba Linda's appreciation rate has been 2.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Yorba Linda were at 1.28%, which equates to an annual appreciation rate of 5.23%.
Relative to California, our data show that Yorba Linda's latest annual appreciation rate is lower than 70% 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 Yorba Linda differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Yorba Linda - 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 Yorba Linda real estate investment or home purchase decisions.
Reasons To Invest
- Increasing Rental Demand
- Increasing Appreciation Rates
- Population Growth
- Growing Job Market
- Ethnically-Diverse City
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