Housing Report for Stockton

In the State of California, Stockton ranks 2 of the 26 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 36 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.

There is a limited amount of housing that is affordable in Stockton, California. In 2005, only 6.7 percent of owner-occupied dwellings were valued under $125k.

In Stockton, the U.S. Census Bureau, Population Division accounted for a total of 217,991 housing structures in 2005. The metro area has seen a medium-high growth level in the number housing units, adding a total of 22,593 residential units since 2001, or 11.6 percent.

The residential home values in Stockton, California have increased very sharply from the housing values in 2000. The residential values have increased by $237,200, or 166.6 percent, since 2000 when their medians were valued at $142,400.

Stockton recorded a median home value in 2005 of $379,600, published by the American Community Survey. This value is less than the California 2005 home median value of $477,700 and greater than median home value of $167,500 for the United States in the same year.

Stockton may be described as having a very high proportion of high-valued homes. For the year 2005, the American Community Survey reported that 23.7 percent of the houses were valued over a half a million dollars.

Data Source: U.S. Census Bureau

Employment Report for Stockton, California -- Annual 2005 Industry Summary

Utilities has the largest businesses in Stockton MSA. In the region, the industry averages 56 employees per business. This is greater than the industry's average at the national level of 34 and greater than the State of California average of 47 for the Utilities industry.

Wholesale trade from 2001-2005 had the highest increase in employment in Stockton, changing a total of 37 percent. This is greater than the change in industry employment in the United States of 0.4 percent. The State of California experienced a sector employment shift of 2.9 percent, since the year 2001.

In Stockton, Agriculture, forestry, fishing and hunting, Transportation and Warehousing and Construction industries have the highest United States location quotient (LQ). The Agriculture, forestry, fishing and hunting sector in the county has a location quotient of 7.98. In other words, the percent of total jobs in the Agriculture, forestry, fishing and hunting sector is 7.98 times greater than the US average, showing signs that Stockton produces more than its local requirement of products and/or services of Agriculture, forestry, fishing a

A high-wage industry in Stockton is the utilities sector paying an annual wage of $66,034. Throughout the MSA since the year 2001, the annual average wages in the industry have grown by 14.3 percent or $8,248. The State of California has a similar economic condition in the utilities industry, ranking near the top of industries in term of the average annual pay of 2004.

Manufacturing since the year 2001 was faced with the largest loss in employment in the Stockton MSA. The sector faced a loss of 1,706 jobs during the period, or 7.6 percent of the employment in the industry. This made up a total of 37.2 percent of the total loss in employment during the period.

In Stockton, Retail Trade, Health care and social assistance, and the Manufacturing industries have the largest percent of jobs of all industries. The Retail Trade provides the most jobs and contributes 14.7 percent of the total MSA employment. This totals 26,692 jobs. The Health care and social assistance and Manufacturing industries total 11.8 and 11.4 percent of industry employment.





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