Diamond Bar is a suburban, upper middle class city in eastern Los Angeles County, California, United States. The population was 55,544 at the 2010 census, down from 56,287 at the 2000 census. It is named after the “diamond over a bar” branding iron registered in 1918 by ranch owner Frederick E. Lewis. The city features a public Los Angeles County golf course. It is also home to the Diamond Bar Country Estates – an exclusive, private, guarded community in the hills of beautiful Diamond Bar as well as other luxurious resorts.
Located at the junction of the Pomona and Orange freeways, Diamond Bar is primarily residential with shopping centers interspersed throughout the city. It is surrounded by the suburban cities, such as Brea, Walnut, Chino Hills, and Rowland Heights.
Diamond Bar is a part of the prestigious Walnut Valley Unified School District – whom has been ranked by numerous sources to be one of the top public school districts in all of Southern California. It also has the first hydrogen fueling station to be built in Southern California, near the South Coast Air Quality Management District (AQMD) building. Moreover, according to the 2010 United States Census – Diamond Bar has a median household income at one of the top earning percentiles in the country at $88,422, with a mere 5.9% of the population living below the federal poverty line
Diamond Bar Home Prices & Values
Foreclosures will be a factor impacting home values in the next several years. In Diamond Bar 1.9 homes are foreclosed (per 10,000). This is greater than the Los Angeles Metro value of 1.8 and also lower than the national value of 3.5
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Diamond Bar is 3.5%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Diamond Bar homeowners underwater on their mortgage is 4.8%, which is lower than Los Angeles Metro at 8.1%.
Diamond Bar For Sale Listings