Housing Report for Youngstown-Warren-Boardman

When comparing areas across the State of Ohio, Youngstown-Warren-Boardman is positioned 11 of the 12 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 344 of 361, comparing the percentage change in residential real estate in other US MSAs.

According to the data, there is a large amount affordable residential real estate in Youngstown-Warren-Boardman, Ohio. In 2005, 66.8 percent of owner-occupied dwellings were valued under $125k.

Youngstown-Warren-Boardman can be understood as having a small, but present proportion of high-valued homes. For the year 2005, the American Community Survey reports that 0.9 percent of the areas residential property was valued over $500k.

Youngstown-Warren-Boardman recorded a median home value in 2005 of $96,600, reported by the American Community Survey. This home value is less than the Ohio 2005 median owner-occupied dwelling value of $129,600 and less than median home value of $167,500 for the United States in the same year.

In Youngstown-Warren-Boardman, there were a total of 261,664 housing structures in 2005. The metro area has seen a medium level of growth in the number housing units, adding all together 3,441 residential units since 2001, or 1.3 percent.

The owner-occupied dwellings in Youngstown-Warren-Boardman, Ohio have seen large increases since their reported values in 2000. The values have increased by $20,600, or 27.1 percent, since 2000 when their medians were valued at $76,000.

Data Source: U.S. Census Bureau

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

Manufacturing is the industry with the largest establishments in Youngstown MSA. In the region, the industry averages 45 employees per business. This is greater than the US industry average of 39 and greater than the State of Ohio average of 45 for the Manufacturing industry.

The Youngstown-Warren-Boardman is the Metropolitain Area that is ranked 85 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 80 of 363 Counties.

Mining from 2001-2005 had the highest increase in employment in Youngstown, changing a total of 54.6 percent. This is greater than the national sector change of 4.7 percent. The State of Ohio saw a change in employment in the sector of -13 percent, in the recent period of 2001-2005.

A high-wage industry in Youngstown is the management of companies and enterprises industry with an average annual wage of $53,901. In the Metropolitan Area since the year 2001, the annual average wages in the industry have grown by 29.7 percent or $12,344. The State of Ohio reflects a similar economic condition in the management of companies and enterprises sector, placing near the top of industries in term of the average annual pay of 2004.

Manufacturing since the year 2001 was faced with the largest loss in employment in the Youngstown Metro Area. The sector dealt with a loss of 8,298 total jobs during the period, accounting for 16.9 percent of the employment in the industry. This made up a total of 60.6 percent of all Metro Area employment losses since 2001.

In Youngstown, Manufacturing, Health care and social assistance and Retail Trade industries, in terms of United States location quotient, are the most dominant in the region. The Manufacturing industry has a US LQ in the region of 1.54. The level of employment in the Manufacturing sector is 1.54 times greater than the national average, signifying that Youngstown may be an exporter of products or services of Manufacturing.

In Youngstown, Manufacturing, Health care and social assistance, and the Retail Trade industries are the largest employment industries. The Manufacturing is the largest employment industry and makes up 19.7 percent of all the jobs in the Metropolitain Area. This makes up 40,807 people employed. The Health care and social assistance and Retail Trade industries total 18.9 and 16.1 percent of industry employment.



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