Housing Report for New Haven-Milford

New Haven-Milford had an owner-occupied dwelling median in 2005 of $245,600, according to the American Community Survey. This home value is less than the overall State of Connecticut 2005 home median value of $271,500 and greater than median home value of $167,500 for the United States in the same year.

In New Haven-Milford, there were a total of 346,893 housing structures in 2005. The metro area has seen a medium level of growth in the number housing units, adding a total of 4,693 residential structures since 2001, a change of 1.4 percent.

Looking across the State of Connecticut, New Haven-Milford is positioned 4 of the 4 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 342 of 361, in terms of residential real estate percentage change compared to other United States metro areas.

New Haven-Milford has a relatively high proportion of high-valued homes. For the year 2005, the American Community Survey accounted that 9.4 percent of owner-occupied dwellings were valued over a half a million dollars.

According to the data, there is a limited amount affordable residential real estate in New Haven-Milford, Connecticut. In 2005, only 10.2 percent of the homes were valued under $125,000.



Data Source: U.S. Census Bureau

Employment Report for New Haven, Connecticut -- Annual 2005 Industry Summary

Educational services is the industry with the largest establishments in New Haven MSA, with the industry averaging 73 employees per business. This is greater than the industry's national average of 27 and greater than the Connecticut average of 35 for the Educational services industry.

In New Haven, Health care and social assistance, Retail Trade, and the Manufacturing sectors are the largest industries, in terms of total number of jobs in 2005. The Health care and social assistance is the major employer in the Metropolitan Area making up 18.7 percent of the total MSA employment. This totals 58,704 people employed. The Retail Trade and Manufacturing sectors account for 14 and 13.7 percent of industry employment.

Manufacturing since the year 2001 was faced with the largest loss in employment in the New Haven Metropolitan Area. The industry was hit with a loss of 8,059 total jobs during the period, accounting for 15.8 percent of employment in the sector. These losses made up 62.3 percent of all Metro Area employment losses since 2001.

An industry with high wages in New Haven is the management of companies and enterprises sector with an annual pay of $89,187. Locally, since the year 2001, the industry annual average wages have grown by 20.5 percent or $15,188. The State of Connecticut shows the same job market in the management of companies and enterprises sector, standing at the top of sectors by 2004 industry pay.

In New Haven, Educational services, Health care and social assistance and Information industries, in terms of United States location quotient, are the most dominant in the region. The Educational services industry has a US LQ in the region of 3.38. This means the percent of total employment in the Educational services sector is 3.38 times more than the average percent in the United States, revealing signs that New Haven may specialize, or be an exporter of Educational services.

Agriculture, forestry, fishing and hunting has seen the highest growth in employment from the years 2001-2005 in New Haven, increasing by 25.9 percent. This is greater than the change of total jobs in the industry for the United States of -0.6 percent. The State of Connecticut saw a change in employment in the sector of 1.4 percent, during the period of 2001 to 2005.





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