Located in the San Gabriel Valley, just 11 miles south of the busy streets of Los Angeles, is the city of Pico Rivera. The 2010 Census of Population and Housing shows 62,942 people called the city home, slightly less than the 2010 Census results of 63,428. California's overall population increased 10 percent between 2000 and 2010, reaching nearly 38 million.
The data shows there were 17,109 housing units, of which the majority - 69.1 percent were owner-occupied while 30.9 percent - were occupied by renters. The median value of owner-occupied housing units between 2006 and 2010 was $414,200, slightly lower than most homes for sale in Los Angeles County and just below the statewide average of $458,500. The average rent paid each month between 2006 and 2010 was $1,123.
The most recent census listed the median age of residents as 34 years old and 26.7 percent of the population was under the age of 18 while 12.1 percent of residents were 65 years of age or older.
Homeowners in the Los Angeles real estate market likely saw the value of their properties jump in May, as prices surged with limited inventory and strong sales in higher-priced markets.