Anaheim, California is one of the most exciting cities in the country. It is home to Walt Disneyland, Angel Stadium, Adventure City, and excellent cuisine. The job market is growing, the schools are excellent, and the art and culture scene is exciting. The weather is gorgeous year-round, and there are numerous breweries. It is an excellent place to all home. In fact, it is the official home of Mickey Mouse. If you are considering a move to Anaheim, you will need to research the city to see where you want to live. You have numerous options available to you, so decide what works best for you.
Demographics and Median Income of Anaheim
https://www.census.gov/quickfacts/map/INC110213/0602000 states that the population of Anaheim stands at 350,742. 27.5% are white and 52.8% are Hispanic. 2.8% are African American, and 14.8% are Asian. The median household income stands at $57,550. The median age of residents is 33.8. The unemployment rate in Anaheim stands at 5.2%. Tourism is one of the major industries in Anaheim.
Anaheim Median Home Prices
The median prices of homes in Anaheim stands at $560,000. Values have increased up to 7%, and they are expected to hold steady. The real estate market in Anaheim is considered healthy.
Almost 12,000 crimes are reported each year in Anaheim. About 1,300 of those crimes are considered violent. The crime rate in Anaheim is a little higher than the nation’s average. 70% of other cities in the country are safer than Anaheim.
Schools in Anaheim
The average test scores in Anaheim are 54%. This is below the national average. There are 62 public schools and 39 private schools in the city. Almost 25% of the residents have a college degree, and 74% of the people have a high school diploma. Crescent Elementary School is considered one of the best schools in the city.
Mortgage Options in Anaheim
Getting a mortgage can seem very difficult and overwhelming. Before you apply for a mortgage, make sure you know your options to find the best mortgage for your needs. Some of the choices include:
- Fixed loans: This is easier to budget, as the rates do not change throughout the life of the loan. Most lenders offer 30, 15, or 10-year terms. A 30-year term will constitute lower monthly payments; however, you will pay more money long-term. Shorter terms will mean higher monthly payments, but you will save money over the life of the loan.
- Adjustable-rate loans: If you are planning to stay in your home temporarily or if you get a higher interest rate, this could be a good option. Your rate will carry a lower interest rate initially. It will then increase or decrease depending on the market.
- FHA loans: Many first-time homebuyers take advantage of this mortgage. The credit requirements are more lenient, and the down payment amount is low. This loan is insured by the Federal Government.
- VA loans: People who have served in the United States military can take advantage of this loan. No down payment is required, and no insurance is required.
- USDA loans: The US Department of Agriculture offers these loans to people with lower income who live in rural areas.
- Conventional loans: These loans are not insured by the Federal Government. They have stricter credit requirements and a larger down payment is needed.
While living in Anaheim, you will not be bored, as there are so many things to do. You can relax on the beach, stroll along the boardwalk, or enjoy the lively music. If you are needing a place to live in the city, do your homework and research the areas and neighborhoods of the city, so that you can find the perfect home and mortgage for your needs.