Housing Report for Cincinnati-Middletown

Cincinnati-Middletown had a median home value in the year 2005 of $143,400, reported by the American Community Survey. This value is greater than the overall Ohio 2005 median owner-occupied dwelling value of $129,600 and less than median home value of $167,500 across the nation during that year.

When comparing areas across the State of Ohio, Cincinnati-Middletown is positioned 2 of the 12 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 183 of 361, in terms of residential real estate percentage change compared to other United States metro areas.

The owner-occupied dwellings in Cincinnati-Middletown, Ohio have experienced moderate increases from the housing values in 2000. The residential values have increased by $26,900, or 23.1 percent, from their 2000 median values of $116,500.

Cincinnati-Middletown has a medium proportion of residential real estate that is high priced. During the year 2005, the American Community Survey reported that 2.9 percent of the areas residential property was valued over $500k.

In Cincinnati-Middletown, there were a total of 892,953 housing structures in 2005. The metro area has seen a medium-high growth level in the number housing units, adding a sum of 46,951 residential units since 2001, or 5.5 percent.

There seems to be a fair amount affordable residential real estate in Cincinnati-Middletown, Ohio. In 2005, 39.4 percent of housing was valued under $125k.

Data Source: U.S. Census Bureau

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

In Cincinnati, Management of companies and enterprises, Wholesale trade and Transportation and Warehousing are the three industries with the highest location quotients. The Management of companies and enterprises sector in the county has a location quotient of 2.27. In other words, the percent of total jobs in the Management of companies and enterprises industry is 2.27 times greater than the US average, showing signs that Cincinnati may be an exporter of products or services of Management of companies and enterprises.

Management of companies and enterprises is the industry with the largest establishments in Cincinnati MSA. In the region, the industry averages 115 jobs per place of business. This is greater than the US industry average of 40 and greater than the Ohio typical size of 71 for the Management of companies and enterprises industry.

Retail Trade between the years 2001 and 2005, saw the greatest loss in employment in the Cincinnati Metropolitan Area. The industry was hit with a loss of 4,183 jobs, or 3.7 percent of the employment in the industry. This made up a total of 100 percent of the total jobs loss in the Metro Area.

In Cincinnati, Health care and social assistance, Retail Trade, and the Accommodation and food services industries have the largest percent of jobs of all industries. The Health care and social assistance provides the most jobs and contributes 13.6 percent of all the jobs in the Metropolitain Area. This makes up 119,536 individuals. The Retail Trade and Accommodation and food services industries total 12.5 and 9.8 percent of total employment, respectively.

A high-wage industry in Cincinnati is the retail trade industry with an average annual wage of $23,023. From the year 2001, the annual average wages in the industry have grown by 6.5 percent or $1,413. The State of Ohio reflects a similar pattern in the retail trade sector, placing near the top of industries in terms of 2004 annual average wages.







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