Santa Ana CA
Whether you're moving to the Santa Ana CA area or looking for an apartment or condo, there are many factors you should consider. Here are some of the most important ones:
Population density
Located in Orange County, Santa Ana is a major cultural hub of the Orange Coast. It has a diverse population. The city is home to the largest Hispanic population in the Greater Santa Ana region.
Santa Ana's population density is the fourth highest in the country. The city has more than 333,200 people. This makes Santa Ana the second largest city in Orange County. It is also the county seat. The city's population is made up of approximately 258,963 Hispanics. The majority of Santa Ana's Hispanic population is Mexican.
The city is home to the Santa Ana Zoo, which is notable for its collection of monkeys. Santa Ana also has a large number of wildlife species from South and Central America. The Santa Ana River is largely seasonal, and it has caused severe floods in the past. Santa Ana winds have historically fueled seasonal wildfires in Southern California.
Residential vacancy rate
Despite the COVID-19 pandemic, Santa Ana CA residential vacancy rates are relatively low. This is due in part to the slow recovery of the construction industry. The lack of inventory leaves would-be homebuyers at an impasse. However, a resurgence in the job market could lead to a boom in the real estate market.
Aside from housing shortage, the primary barrier to the development of new housing is the lack of suitable vacant land. In addition, government regulations restrict new construction.
Vacancies have been relatively low in Southern California for the past decade. While the rate has fallen slightly in the spring quarter, the vacancy rate remains near historic lows.
The vacancy rate for apartments in Orange County has reached a two-decade low, as last summer saw apartment vacancy fall to 2.4%. It is still well below the 4.5% average for the last five years.
Homeownership rate
Having a home is the best way for most households to build wealth and economic security. This is because it offers lower housing costs and more stability than renting. Having a home also allows families to spend money on productive investments. Homeownership is particularly important for lower-income families.
Homeownership rates in California have remained relatively flat over the past decade. But the housing affordability crisis continues to plague many households, making homeownership out of reach for many.
Homeownership rates in California are a bit lower than the national average. Although California is not the nation's most affordable state, its homeownership rate is still below the national average. In fact, California's 53.8 percent rate is the second-lowest in the country.
The home ownership rate in Santa Ana, CA is much lower than the national average. The city's owner-occupied share is 46.2%, lower than the national average of 64.4%.
Property value
Located in Orange County, CA, Santa Ana is a charming city full of quaint neighborhoods and modern homes. Santa Ana has a fascinating history and is home to a variety of businesses. It has an incredibly busy downtown area and quaint neighborhoods. Santa Ana is part of the Orange County R-1 school district. It also has a bustling shopping district, South Coast Plaza.
Santa Ana, CA is home to 333k people. Its average commute time is 25.7 minutes. Its median car ownership is approximately the national average of two cars per household.
Santa Ana, CA has a large proportion of renters. In fact, more than half of the housing units are renter occupied. In fact, the renter median year moved in of 2013 is the second smallest of all places in the metro area.
Health care spending per capita
Despite its relatively high cost of living, California ranks 15th among states for health care spending per capita. Its spending growth has outpaced the national average, and it has exceeded the growth of the GDP over the past five years. However, this relative growth has slowed down after the recession.
In 2004, California ranked eighth among states for health care spending per capita. However, it slipped to 15th in 2014. In 2014, California's ranking was just below the US average, and its gap with the nation narrowed.
The main drivers of California's medical care spending were the federal government, state and local governments, and private businesses. The federal government's share is about half of the total spending. The state and local governments' share is about one-quarter. The private business share is about 16.7 percent.