ANAHEIM, California Real Estate Market

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Anaheim (/ˈænəhaɪm/) is a city in Orange County, California, part of the Los Angeles metropolitan area. As of the 2010 United States Census, the city had a population of 336,265, making it the most populous city in Orange County and the 10th-most populous city in California. Anaheim is the second-largest city in Orange County in terms of land area, and is known for being the home of the Disneyland Resort, the Anaheim Convention Center, and two major sports teams: the Anaheim Ducks ice hockey club and the Los Angeles Angels baseball team. Anaheim was founded by fifty German families in 1857 and incorporated as the second city in Los Angeles County on March 18, 1876; Orange County was split off from Los Angeles County in 1889. Anaheim remained largely an agricultural community until Disneyland opened in 1955. This led to the construction of several hotels and motels around the area, and residential districts in Anaheim soon followed. The city also developed into an industrial center, producing electronics, aircraft parts and canned fruit. Anaheim is a charter city. Anaheim’s city limits extend almost the full width of Orange County, from Cypress in the west, twenty miles east to the Riverside County line in the east, encompass a diverse range of neighborhoods. In the west, mid-20th-century tract houses predominate. Downtown Anaheim has three mixed-use historic districts, the largest of which is the Anaheim Colony. South of downtown, a center of commercial activity of regional importance begins, the Anaheim–Santa Ana edge city, which stretches east and south into the cities of Orange, Santa Ana and Garden Grove. This edge city includes the Disneyland Resort, with two theme parks, multiple hotels, and retail district; Disney is part of the larger Anaheim Resort district with numerous other hotels and retail complexes. The Platinum Triangle, a neo-urban redevelopment district surrounding Angel Stadium, which is planned to be populated with mixed-use streets and high-rises. Further east, Anaheim Canyon is an industrial district north of the Riverside Freeway and east of the Orange Freeway. The city’s eastern third consists of Anaheim Hills, a community built to a master plan, and open land east of the 241 tollway.

Anaheim Real Estate Market Statistics

  • Metropolitan statistical area: Los Angeles-Long Beach-Anaheim, CA
  • Population: 352,497 – 55ᵗʰ largest U.S. city (Wikipedia – 2017 estimate)
  • Median age: 34.1 years old (City Data, 2016 – U.S. median is 38)
  • Median household income: $64,464 (City Data, 2016 – U.S. median was $57,617)
  • Cost of living index: 129.3 (City Data, 2016 – U.S. average is 100)
  • Median 1-bedroom rent: $1651 (Rentonomics, 2018 – U.S. median is $743)
  • Year-over-year rent growth: 2.2% (Rentonomics, 2018 – U.S. average is 1.5%)
  • Median single-family home sale price: $628,900 (NAR, Q3 2018 – U.S. median is $266,900)
  • Year-over-year home sale price growth: 5.7% (NAR, Q3 2018 – U.S. median is 4.8%)

News on the Anaheim Real Estate Market

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