Anaheim Real Estate Market Overview
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Location and Weather
Anaheim is 25 miles southeast of Los Angeles and lies on the plain of the Santa Ana River. It was originally an agricultural area, first as vineyards and then as citrus. In 1955 Disneyland opened and tourism made way for a growth of jobs. Because it’s so close to Los Angeles, as LA grew, Anaheim naturally grew with it as part of the metropolitan area.
Anaheim has typical southern California weather. From July through September it is warm with an average high temperature above 82 degrees and lows in the mid 60’s. The cool season lasts almost 4 months with an average high temperature below 70 degrees and lows in the mid 40’s.
Population, Job Market and Cost of Living
Anaheim has continued to grow as Los Angeles expands. The population was 352,005 in 2018 with an annual growth rate of 0.20%. The job market has increased 0.6% over last year. 10-year future job growth is predicted to be 32.5%. The cost of living is high like it is in much of California. The Anaheim real estate market is the reason for the higher cost of living. The largest employers in Anaheim are Manufacturing, Health Care & Social Assistance and Accommodations & Food Services. With major attractions like Disneyland and the Anaheim Convention Center and sports teams the Anaheim Ducks ice hockey and Los Angeles Angels baseball team there is a lot to do in the city.
Major attractions like Disneyland, a temperate climate, proximity to Los Angeles and large employers make Anaheim an attractive place to live and work.