Saturday, November 11, 2006

Housing Report for Mansfield

Looking across the State of Ohio, Mansfield places 8 of the 12 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 305 of 361, in terms of residential real estate percentage change compared to other United States metro areas.

In Mansfield, there were a total of 54,769 housing units in the year 2005. This represents a medium level of growth in the number housing units, adding a sum of 1,197 residential units since 2001, or 2.2 percent.

Mansfield had a median home value in the year 2005 of $106,600, reported by the American Community Survey. This home value is less than the Ohio 2005 home value of $129,600 and less than home value of $167,500 for the United States in the same year.

Mansfield is made up of a medium percentage of homes that are high in price. For 2005, the American Community Survey accounted that 1.3 percent of owner-occupied dwellings were valued over a half a million dollars.

According to the data, there is a large amount of real estate that is affordable in Mansfield, Ohio. In 2005, 61.3 percent of residential real estate was valued under $125,000.



Data Source: U.S. Census Bureau

Sunday, November 05, 2006

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

In Mansfield, Manufacturing, Health care and social assistance and Retail Trade have the highest US LQ in 2005. The Manufacturing sector in the county has a location quotient of 2.16. The percent of employment in the Manufacturing sector is 2.16 times the percent of the national average, This signifies that Mansfield specializes in Manufacturing.

A high-wage industry in Mansfield is the information industry with an average annual wage of $48,713. In the Metropolitan Area since the year 2001, the annual average wages in the industry have grown by 24 percent or $9,417. The State of Ohio shows a different economic condition in the information industry, ranking in the middle of industries in terms of 2004 annual average wages.

Wholesale trade is the industry with the largest change in employment since the year 2001 in Mansfield, changing a total of 46.4 percent. This is greater than the national employment change in the industry of 0.4 percent. The State of Ohio encountered a change in industry employment of -4.6 percent, in the period of time since 2001.

The Mansfield Metropolitan Area is ranked at 252 of 363 throughout the US in terms of total 2005 employment. The regions employment ranking has slipped behind during the time of 2001 and 2005. The Metropolitan Area, in the year 2001, was ranked 238 of 363 Counties.

Manufacturing has a largest number of employees per establishment in Mansfield Metro Area. The industry averages 65 jobs per establishment, which is greater than the industry's national average of 39 and greater than the State of Ohio typical size of 45 for the Manufacturing industry.

Manufacturing since the year 2001 lost the most jobs in the Mansfield Metro Area. The sector dealt with a loss of 1,900 jobs during the period, or 12.3 percent of the employment in the industry. This made up a total of 53.6 percent of all Metro Area employment losses since 2001.

In Mansfield, Manufacturing, Retail Trade, and the Health care and social assistance industries are the largest employment industries. The Manufacturing provides the most jobs and contributes 27.7 percent of all jobs throughout the region, totaling 13,586 individuals. The Retail Trade and Health care and social assistance industries make up 15.3 and 14.7 percent of all employment.



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

 

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