Moving or Investing in Stockton? Here’s What You Need to Know
Stockton is a city in the Central Valley of California, located within San Joaquin County. The city was founded in 1849 and named after Robert F. Stockton, a notable U.S. Navy commodore who played a role in the capture of California during the Mexican-American war. Stockton is the 13th largest city in California with a population of over 312,000 residents. It sits on the San Joaquin river and is surrounded by thousands of miles of waterways forming the California Delta. The city has one of California’s only two inland sea ports — the other is in Sacramento. Utopia offers full property management services to the entire Stockton area.
The population in Stockton consists of an extremely diverse demographic. US News named Stockton as America’s most diverse city in 2020. The top three employers in the city are St. Joseph’s Medical Center, the Stockton Unified School District, and the City of Stockton. The real estate market is on an upturn this year, in line with national real estate trends. Home prices are up almost 20% from last year, with the median home price being $420,000. The housing market in Stockton is very competitive, and homes can sell for as much as 7% above the listing price, with an average listing period of about 10 days. The rental market is also reflecting these changes, with the average rent being 15% higher than last year at $1,456. The average apartment size in Stockton is 788 square feet, and only 28% of households in the city are renter-occupied. The top rated schools in the city are Middle College High School, Stockton Unified Early College Academy, spire River Oaks Charter School, Aspire Vincent Shalvey Academy, and John McCandless Charter School. Here are three of the best neighborhoods in the city of Stockton.
Brookside is one of the highest ranking neighborhoods in Stockton. The median income in this area is just over $112,000 and the median home value is $390,400. The population of Brookside is 9,490 and the unemployment is 3%. Brookside is considered one of the safest neighborhoods in the city with a crime rate of 0.8% and has excellent local schools, making it the perfect destination for families. While the neighborhood offers a quiet suburban feel, it sits just 3 miles north of downtown Stockton and is in close proximity to a plethora of shopping centers and restaurants. It is also home to the Brookside Golf and Country Club, Buckley cove park, and Nelson park, offering plenty of green spaces and beautiful surroundings.
Lincoln Village is another of Stockton’s most well established neighborhoods with a population of 8,400. It has been an attractive residential area since it was built in the 1960’s. It neighbors Swenson Park to the north, offering a unique recreational area featuring a parkland-style golf course. The median home value in Lincoln Village is $266,900 and median rent is $1,279. Only 33% of residents in this area are renters. Residents describe the neighborhood as a sparse suburban feel, offering privacy and security.
This quiet neighborhood is well known for having the highest rated elementary schools in the city. Spanos Park is surrounded by serene landscaping and beautifully arranged trees creating a peaceful and secure neighborhood. You can find parks and tennis courts nearby Spanos lake, as well as the Spanos Park Golf Course. The population of Spanos Park is 7,540 with an unemployment rate of 4.6%. The median home price is $278,900 and median income is $99,748. This area is secluded and private, offering one of the lowest crime rates in the city of Stockton at 0.4%.
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