by 24/7 Wall St. website reported by Jonathan Lansner OC Register November 9th, 2019
Upon comparison, safety rankings with local housing prices, it’s no surprise, safe cities are among the nation’s priciest places to buy a home.
Here is a look at the 10 SoCal cities on the safest-city list and a snippet of 24/7 Wall St.’s analysis.
1. Irvine: “The low prevalence of crime may have been a big draw for the large influx of residents who moved to Irvine over the past decade.
From 2009 to 2018, the population of Irvine grew by 33.6%, more than five times the 6.6% national growth rate.”
An Irvine home costs $994,300 — No. 12 nationally — up 15.52% in five years, 27th smallest gain of the 400.3. Murrieta: “Adjusted for population, there were just 80 violent crimes per 100,000 Murrieta residents, less than one-fourth the national violent crime rate of 369 incidents per 100,000 Americans.”
Murrieta homes cost $446,800 — No. 86 nationally — up 25% in five years, 90th smallest of 400.
8. Thousand Oaks: “While Thousand Oaks is one of the safest cities in the country, in November 2018 a mass shooting took place there that left 13 dead, including the gunman.”
A Thousand Oaks home costs $761,700 — No. 27 nationally — up 20% in five years, 54th smallest of 400.
9. Glendale: “Just 99 violent crimes reported per 100,000 residents in Glendale, the fourth-lowest rate of any city with a population of at least 100,000 in California and the ninth-lowest nationwide.”
A Glendale home costs $945,400 — No. 14 nationally — up 30% in five years, 130th smallest of 400.
15. Orange: “Just 113 violent crimes reported per 100,000 city residents, far less than the national violent crime rate.”
An Orange home costs $725,000 — No. 30 nationally — up 26% in five years, 94th smallest of 400.
19. Temecula: “Just 6.8% of residents live in poverty, and 3.5% of the labor force is unemployed, compared to the national poverty rate of 14.6% and an unemployment rate of 3.9%.”
Temecula homes cost $484,200 — No. 74 nationally — up 24% in five years, No. 81st smallest of 400.
25. Santa Clarita: “Just 135 violent crimes reported per 100,000 residents in 2018, far less than the corresponding national rate.”
A Santa Clarita home costs $594k — No. 46 nationally — up 28% in 5 years.
31. Corona: “In 2018, there were 155 violent crimes reported per 100,000 residents in the city, far less than the national violent crime rate.”
A Corona home costs $510,600 — No. 67 nationally — up 24% in five years, 78th smallest of 400.
40. Simi Valley: “The city was 1 of 19 mid- to large-size cities nationwide with no criminal homicides reported in all of 2018.”
A Simi Valley home costs $593,000 — No. 47 nationally — up 26% in five years, 93rd smallest of 400.
45. Torrance: “Just 1,838 property crimes reported for every 100,000 people in the city in 2018, well below the national rate of 2,200 per 100,000.”
A Torrance home costs $860,900 — No. 21 nationally — up 24% in five years, 76th smallest of 400.
By JONATHAN LANSNER | firstname.lastname@example.org | OCRegister
New Census data shows 56.3% of households statewide lived in a residence they owned in the third quarter.
And while that’s sixth-lowest among the states, it is the highest California ownership level since 2010.
A year ago, 55.2% of Californians were homeowners, ranking No. 49 nationally. Californians have struggled to own their homes since the Great Recession.
Between 2005 and 2009, California ownership averaged 58.5% in an era that saw aggressive lending.
Since then, as lenders made it harder to get a mortgage and home “affordability” worsened, ownership has averaged 54.7% in the state.
But the past year’s dramatic reversal in mortgage rates, continued strong job growth statewide and moderating price home-price appreciation seems to have put more Californians into their own homes.
For example, homeownership in the Inland Empire hit an 11-year high.
In Riverside and San Bernardino counties, 67.7% of households lived in a residence they owned in the third quarter, ranking No. 23 among the 75 largest metro areas, according to the Census Bureau.
A year earlier, the I.E. had 64.7% ownership, ranking No. 34 nationally.
In the 2005-09 easy money days, I.E. ownership averaged 67% but ownership has since averaged 54.7%.
Not all of the homeownership news was upbeat as Los Angeles and Orange counties remain below 50% for the sixth consecutive quarter.
In the third quarter, 48.2% of L.A.- O.C. households lived in a residence they owned, next-to-last among the 75 largest metro areas.
A year earlier, 47.3% were homeowners, ranking No. 75 nationally. In those 2005-09 go-go days, L.A.-O.C. ownership averaged 52.8%.
Ownership is also up nationally with 64.8% of homes were occupied by owners vs. 64.4% a year earlier.
The last time U.S. ownership was higher was in 2013.
Posted in Buying a Home
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