Housing Report for Johnstown

Throughout the State of Pennsylvania, Johnstown is positioned 14 of the 14 metro areas by percent in growth of new residential structures. The metropolitan area places 357 of 361, in terms of residential real estate percentage change compared to other United States metro areas.

Johnstown recorded median owner-occupied home value in the year 2005 of $72,100, according to the American Community Survey. This median is less than the State of Pennsylvania 2005 median home value of $131,900 and less than median home value of $167,500 across the nation during that year.

Johnstown can be understood as having a medium proportion of high-valued homes. For the year 2005, the American Community Survey reports that 1.9 percent of the homes were valued over $500,000.

In Johnstown, the U.S. Census Bureau, Population Division accounted for a total of 66,215 homes in the year 2005. This MSA has gone through a small amount of growth in the number housing units, adding a sum of 312 housing units since the year 2001, or 0.5 percent.

The residential real estate values in Johnstown, Pennsylvania have experienced moderate increases since the Census values accounted for in the year 2000. The values have increased by $6,900, or 10.6 percent, from 2000 when they had reported median values of $65,200.

There is a large amount of real estate that is affordable in Johnstown, Pennsylvania. In 2005, 81.1 percent of owner-occupied dwellings were valued under $125k.

Data Source: U.S. Census Bureau

Employment Report for Johnstown, Pennsylvania -- Annual 2005 Industry Summary

An industry with high wages in Johnstown is the management of companies and enterprises industry with wages that annually pay $71,215. From the year 2001, the annual average pay of the industry has grown by 9.5 percent or $6,198. The State of Pennsylvania reflects a similar economic condition in the management of companies and enterprises industry, falling near the top of sectors by 2004 industry pay.

Administrative and waste services in the period of 2001 to 2005 had the largest increase in employment in Johnstown, increasing by 34.7 percent. This is greater than the national employment change in the industry of 4.5 percent. The State of Pennsylvania encountered a change in industry employment of 1.5 percent, in the course of time since 2001.

Educational services has the largest businesses in Johnstown MSA, with the industry averaging 43 workers per each place of employment, being greater than the industry's average in the United States of 27 and less than the Pennsylvania average of 46 for the Educational services industry.

The Johnstown Metropolitan Area is ranked at 266 of 363 throughout the US by total number of jobs in 2005. This position has slipped behind between the years 2001 and 2005. In 2001, the Metropolitan Area was ranked 253 of 363 Counties.

Manufacturing since the year 2001 was faced with the largest loss in employment in the Johnstown Metropolitan Area. The industry was hit with a loss of 991 jobs during the period, or 17 percent of employment in the sector. These losses made up 36 percent of all Metro Area employment losses since 2001.

In Johnstown, Health care and social assistance, Retail Trade, and the Manufacturing sectors are the largest industries, in terms of total number of jobs in 2005. The Health care and social assistance is the largest employment industry and makes up 22.6 percent of total employment in the Metro Area, making up 10,697 employees. The Retail Trade and Manufacturing sectors account for 16 and 10.2 percent of total employment, respectively.

In Johnstown, Educational services, Health care and social assistance and Utilities industries have the highest United States location quotient (LQ). The Educational services sector in the county has a location quotient of 1.87. The percent of employment in the Educational services industry is 1.87 times more than the average percent in the United States, revealing signs that Johnstown produces more than its local requirement of products and/or services of Educational services.



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