Housing Report for Canton-Massillon

The residential housing values in Canton-Massillon, Ohio have seen large increases from the housing values in 2000. The residential values have increased by $25,900, or 26 percent, from 2000 when they had reported median values of $99,700.

In Canton-Massillon, the census reported 175,439 housing structures in 2005. The metro area has seen a medium level of growth in the number housing units, adding a total of 4,114 housing units since the year 2001, or 2.4 percent.

In the State of Ohio, Canton-Massillon ranks 6 of the 12 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 298 of 361, in terms of residential real estate percentage change compared to other United States metro areas.

Canton-Massillon recorded median owner-occupied home value in the year 2005 of $125,600, published by the American Community Survey. This value is less than the State of Ohio 2005 home value of $129,600 and less than median owner-occupied dwelling value of $167,500 across the nation during that year.

There is a fair amount of affordable housing in Canton-Massillon, Ohio. In 2005, 49.6 percent of owner-occupied dwellings were valued under $125k.

Canton-Massillon has a medium percentage of homes that are high in price. For 2005, the American Community Survey counted that 1.1 percent of the houses were valued over a half a million dollars.

Data Source: U.S. Census Bureau

Employment Report for Canton, Ohio -- Annual 2005 Industry Summary

Accommodation and food services in the period of 2001 to 2005 had the largest increase in employment in Canton, with an employment growth of 10.8 percent. This is greater than the national sector change of 7.6 percent. The State of Ohio experienced a sector employment shift of 4.4 percent, in the last 5 years.

In Canton, Manufacturing, Other services, except public administration and Retail Trade industries have the highest United States location quotient (LQ). The Manufacturing sector has a United State LQ of 1.61. In other words, the percent of total jobs in the Manufacturing industry is 1.61 times greater than the US average, showing signs that Canton may specialize, or be an exporter of Manufacturing.

The Canton-Massillon Metropolitan Area ranks 114 of 363 throughout the US in terms the size of total employment in 2005. This ranking has slipped behind between the years 2001 and 2005. In 2001, the Metropolitan Area was ranked 102 of 363 Counties.

An industry with high wages in Canton is the manufacturing industry with an average annual wage of $43,586. Locally, since the year 2001, the industry annual average wages have grown by 9.3 percent or $3,699. The State of Ohio holds a different pattern in the manufacturing industry, ranking in the middle of sectors by 2004 industry pay.

The Manufacturing has seen the largest decrease in industry presence in the Canton Metro Area, from the year 2001 to 2005, accounting for 26.2 percent of total employment in 2001 to 20.6 percent of total employment in the year 2005.

Manufacturing has a largest number of employees per establishment in Canton Metro Area. The industry averages 48 employees per business. This is greater than the industry's national average of 39 and greater than the State of Ohio average establishment size of 45 for the Manufacturing industry.

Manufacturing between the years 2001 and 2005, saw the greatest loss in employment in the Canton Metro Area. The industry lost a total of 10,851 jobs during the period, or 25.9 percent of jobs in the industry. The losses in this industry made up 50.4 percent of all Metro Area employment losses since 2001.

In Canton, Manufacturing, Retail Trade, and the Accommodation and food services industries are the largest employment industries. The Manufacturing provides the most jobs and contributes 20.6 percent of total employment in the Metro Area, making up 31,085 jobs. The Retail Trade and Accommodation and food services industries total 14.8 and 9.9 percent of the total jobs, respectively.

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