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Yucca Valley: A Growing Edge Economy with Affordable Housing and Quality of Life

Discover how Yucca Valley's affordable housing market, job growth, educational levels, and quality of life make it an attractive edge economy. Explore its population growth, job market, purchasing power, and ability to finance services.

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Yucca Valley: A Growing Edge Economy with Affordable Housing and Quality of Life

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  1. YUCCA VALLEY Demographic, Economic & Quality of Life Report, 2018 John E. Husing Ph.D.

  2. Inland Empire’s Powerful Job Growth! Percent 2017 above 2007 I.E. CA US 12.2% v. 8.8% v. 6.4%

  3. How Edge Economies Work Three Step Growth Process #1 New Homes, People & Jobs Grow When Nearby Housing Markets Become Too Expensive #2 Blue Collar Jobs Migrate When Nearby Industrial Space Becomes Too Expensive #3 Higher End Firms Bring Jobs When Educated Workers Migrate When Even They Are Priced Out of Nearby Markets Yucca Valley This Phase

  4. Why Yucca Valley Grew – 2000-2007 Twentynine Palms $131,000 $201,000 $241,000 Beaumont $275,000 $329,000 $519,000 $339,000 $777,000 $347,000 $460,000 $1,057,000 $562,000 $291,000

  5. Yucca Valley Existing Home Sales Phase #1 Home Sales Expand When Nearby Markets Are Unaffordable

  6. YV Existing Sales v. 7-Comparables

  7. Yucca Valley New Home Sales #1 Home Development Expands When Nearby Markets Are Unaffordable Edge Area Home Development Recovery Delayed After A Downturn

  8. YV New Home Sales v. 7-Comparables

  9. YV: Existing Home Prices -25.7%

  10. YV Existing Home Prices v. 7-Comparables

  11. YV: New Home Prices $237,923

  12. YV New Home Prices v. 7-Comparables

  13. Prefer Coastal Living – Until Can’t Afford it Highest Price Gaps In History YV: $170,368

  14. YV Population Growth 2000-2009: 7,374 People Phase #1 Population Moves For Lower Priced Homes

  15. YV 2017 Population v. 7-Comparables

  16. YV Pop. Growth v. 7-Comparables

  17. Age Distribution v. Comparable Cities Yucca Valley: Older Residents

  18. Ethnicity vs. Comparable Cities

  19. Adult Education Levels: YV Better Educated

  20. Yucca Valley Job Growth 2000-2017 Up 1,250 (+1,250) Phase #1 Jobs Follow Population … But Edge Area’s Have Delayed Recoveries from Downturns

  21. Job Growth by Year Job Acceleration Deep Recession Lagging Job Recovery

  22. 2017 Jobs: Primarily Population Serving 66.6%

  23. 2007 Jobs: Less Population Serving 58.8%

  24. Commute Times

  25. Payroll Growth

  26. Stronger Purchasing Power

  27. What Sectors Added Payroll

  28. Growth In Pay Per Job IE: $40,695

  29. Purchasing Power of Pay Per Job

  30. How Many Firms? Delayed Recovery

  31. Match Between Sectors Employing Residents & Local Jobs? 31%

  32. What OccupationsEmployed Residents?

  33. Modest Median Income Level: YVIs Good For An Edge Area

  34. Modest Total Income: Good For YV’s Size

  35. Children/All People In Poverty: YV Modest Levels

  36. Slow Retail Sales Recovery To A Record

  37. Falling Purchasing Power For Yucca Valley Less Ability to Finance Services From Sales Tax

  38. Total Taxable Sales By City

  39. Taxable Sales Per Person A Record Measure of Ability to Finance Services For Each Resident

  40. Falling Sales Taxes Per Resident Less Ability to Finance Services Per Resident From Sales Tax

  41. Per Capital Sales v. Comparable Cities

  42. What Sectors Are Selling?

  43. Assessed Valuation Record Level

  44. Assessed Value Purchasing Power Change Less Ability to Finance Services From Property Tax

  45. Assessed Valuation Per Capita

  46. Falling Per Capita Assessed Value Less Ability to Finance Services For Each Resident From Property Tax

  47. AV Per Capita v. Comparable Cities

  48. Competitive Advantages

  49. High School Exit Exams

  50. Math State Test

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