Housing Report for Toledo

Toledo recorded median owner-occupied home value in the year 2005 of $125,500, accounted by the American Community Survey. This median is less than the overall State of Ohio 2005 median owner-occupied dwelling value of $129,600 and less than median owner-occupied dwelling value of $167,500 for the United States in the same year.

The residential real estate values in Toledo, Ohio have seen large increases from the real estate values reported in 2000. The valuations have increased by $28,700, or 29.6 percent, from their 2000 median values of $96,800.

Looking across the State of Ohio, Toledo places 4 of the 12 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 277 of 361, in terms of residential real estate percentage change compared to other United States metro areas.

It can be understood that there is a fair amount of affordable housing in Toledo, Ohio. In 2005, 49.7 percent of residential real estate was valued under $125,000.

Toledo may be described as having a small, but present percentage of high-priced residential real estate. For the year 2005, the American Community Survey reported that 0.8 percent of the houses were valued over a half a million dollars.

In Toledo, the census reported 296,939 homes in the year 2005. This MSA has gone through a medium level of growth in the number housing units, adding a sum of 8,718 residential structures since 2001, a change of 3 percent.

Data Source: U.S. Census Bureau

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

The Administrative and waste services industry decreased the most in percent of total employment in the Toledo Metro since the year 2001. The industry went from accounting for 6.9 percent of total jobs in the year 2001 to 0 percent in 2005.

The Toledo Metropolitan Area ranks 64 of 363 throughout the US by total number of jobs in 2005. This position has slipped behind from the year 2001, at which time the Metropolitan Area was ranked 59 of 363 Counties.

Utilities has a largest number of employees per establishment in Toledo Metropolitan Area (MSA), averaging 58 employees per business. This is greater than the industry's national average of 34 and greater than the State of Ohio average of 37 for the Utilities industry.

An industry with high wages in Toledo is the manufacturing sector with an annual pay of $51,886. Throughout the MSA since the year 2001, the industry annual average pay has grown by 14.9 percent or $6,715. The State of Ohio holds a different economic condition in the manufacturing industry, falling in the middle of sectors by 2004 industry pay.

In Toledo, Manufacturing, Health care and social assistance and Utilities industries, in terms of United States location quotient, are the most dominant in the region. The Manufacturing sector has a United State LQ of 1.45. In other words, the percent of total jobs in the Manufacturing sector is 1.45 times greater than the national average, signifying that Toledo may be an exporter of products or services of Manufacturing.

In Toledo, Manufacturing, Health care and social assistance, and the Retail Trade sectors, in terms of total employment, are the largest. Manufacturing is the largest employment industry and makes up 18.6 percent of total employment in the Metro Area, making up 51,022 employees. The Health care and social assistance and Retail Trade industries make up 16.6 and 13 percent of the total jobs, respectively.

Finance and insurance has seen the highest growth in employment from the years 2001-2005 in Toledo, with a job growth of 7.7 percent. This is greater than the industry job change at the national level of 4.8 percent. The State of Ohio went through a industry job change of 2 percent, in the recent period of 2001-2005.



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