Housing Report for Columbus

When comparing areas across the State of Ohio, Columbus stands 1 of the 12 metro areas by percentage growth in residential real estate. The metro area is positioned 103 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.

Columbus had an owner-occupied dwelling median in 2005 of $155,600, published by the American Community Survey. This home value is greater than the overall Ohio 2005 home value of $129,600 and less than median owner-occupied dwelling value of $167,500 for the United States in the same year.

In Columbus, the real estate market was made up of 754,434 homes in the year 2005. This MSA has gone through a medium-high growth level in the number housing units, adding a total of 55,897 residential units since 2001, or 8 percent.

There seems to be a fair amount of housing that is affordable in Columbus, Ohio. In 2005, 34 percent of residential real estate was valued under $125,000.

Columbus has a medium proportion of residential real estate that is high priced. During the year 2005, the American Community Survey reports that 2.8 percent of the homes were valued over $500,000.

The residential housing values in Columbus, Ohio have seen large increases since the Census values accounted for in the year 2000. The values have increased by $34,700, or 28.7 percent, from their 2000 median values of $120,900.

Data Source: U.S. Census Bureau

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

An industry with high wages in Columbus is the finance and insurance sector paying an annual wage of $56,585. In the Metropolitan Area since the year 2001, the annual average pay of the industry has grown by 19.4 percent or $9,208. The State of Ohio holds a similar job market in the finance and insurance industry, ranking near the top of sectors by 2004 industry pay.

In Columbus, Management of companies and enterprises, Finance and insurance and Transportation and Warehousing industries, in terms of United States location quotient, are the most dominant in the region. The Management of companies and enterprises industry has an LQ of 1.6. In other words, the percent of total jobs in the Management of companies and enterprises sector is 1.6 times more than the average percent in the United States, revealing signs that Columbus produces more than its local requirement of products and/or services of Managem

Accommodation and food services is the industry that has seen the largest increase in jobs from the year 2001 to the present in Columbus, growing by 10.5 percent. This is greater than the industry employment change in the United States of 7.6 percent. The State of Ohio went through a industry job change of 4.4 percent, during the period.

Management of companies and enterprises has a largest number of employees per establishment in Columbus MSA. In the region, the industry averages 79 employees per business. This is greater than the industry's average at the national level of 40 and greater than the Ohio average establishment size of 71 for the Management of companies and enterprises industry.

In Columbus, Retail Trade, Manufacturing, and the Accommodation and food services industries have the largest percent of jobs of all industries. The Retail Trade produces the largest number of jobs in the area accounting for 14.4 percent of the total MSA employment. This totals 107,944 jobs. The Manufacturing and Accommodation and food services sectors provide 10.5 and 10.3 percent of the total jobs, respectively.

The Columbus is the Metropolitain Area that is ranked 29 of 363 throughout the US according to the relatively size of the employment base in the year 2005. This ranking has slipped behind during the time of 2001 and 2005. The Metropolitan Area, in the year 2001, was ranked 28 of 363 Counties.

Manufacturing saw the largest loss of employment between the years 2001-2005 in the Columbus Metro Area. The industry lost a total of 16,093 jobs, or 17 percent of industry's employment. The industry declines made up 50.1 percent of all Metro Area employment losses since 2001.



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