Housing Report for Auburn-Opelika

Auburn-Opelika had a median home value in the year 2005 of $111,700, according to the American Community Survey. This is greater than the overall Alabama 2005 home value of $97,500 and less than median home value of $167,500 across the nation during that year.

In Auburn-Opelika, there were a total of 56,954 housing units in the year 2005. This represents a medium-high growth level in the number housing units, adding in all 5,363 residential structures since 2001, a change of 10.4 percent.

The residential housing values in Auburn-Opelika, Alabama have small increases from the real estate values reported in 2000. The valuations have increased by $7,600, or 7.3 percent, from when in 2000 they were valued at $104,100.

Auburn-Opelika may be be described as having a medium percentage of high-priced residential real estate. In 2005, the American Community Survey reports that 1.7 percent residential property is valued over $500k.

It can be understood that there is a large amount of affordable housing in Auburn-Opelika, Alabama. In 2005, 56.8 percent of housing was valued under $125k.

The State of Alabama, Auburn-Opelika is positioned 1 of 11 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical areas (msa) ranks 60 of 361, comparing the percentage change in residential in other US MSAs.

Employment Report for Auburn, Alabama -- Annual 2005 Industry Summary

Manufacturing has the largest businesses in Auburn Metro Area. The industry averages 58 employees per business. This is greater than the industry's average at the national level of 39 and greater than the Alabama establishments size average of 52 for the Manufacturing industry.

In Auburn, Manufacturing, Retail Trade, and the Accommodation and food services sectors are the largest industries, in terms of total number of jobs in 2005. The Manufacturing provides the most jobs and contributes 20.4 percent of all the jobs in the Metropolitain Area. This makes up 6,936 people employed. The Retail Trade and Accommodation and food services industries total 17.2 and 15.9 percent of industry employment.

Transportation and Warehousing is the industry with the largest change in employment since the year 2001 in Auburn, rising by 134.9 percent. This is greater than the change of total jobs in the industry for the United States of -1 percent. The State of Alabama underwent a employment change in the industry of -0.6 percent, in the recent period of 2001-2005.

In Auburn, Accommodation and food services, Manufacturing and Administrative and waste services are the three industries with the highest location quotients. The Accommodation and food services industry has a US LQ in the region of 1.62. This means the percent of total employment in the Accommodation and food services sector is 1.62 times the percent of the national average, This signifies that Auburn specializes in Accommodation and food services.

A top paying industry in Auburn is the utilities sector paying an annual wage of $55,397. From the year 2001, the annual average wages in the industry have grown by 5.9 percent or $3,111. The State of Alabama reflects the same job market in the utilities sector, placing at the top of industries in term of the average annual pay of 2004.







Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).