Housing Report for Texarkana

In Texarkana, there were a total of 56,885 housing units in the year 2005. This represents a medium level of growth in the number housing units, adding a total of 1,829 residential units since 2001, or 3.3 percent.

Texarkana recorded a median home value in 2005 of $70,800, published by the American Community Survey. This value is less than the overall Texas 2005 home median value of $106,000 and less than home value of $167,500 for the United States in the same year.

Texarkana may be described as having a small, but present proportion of high-valued homes. For the year 2005, the American Community Survey counted that 0.7 percent of owner-occupied dwellings were valued over a half a million dollars.

The residential home values in Texarkana, Texas have seen small increases from the real estate values reported in 2000. The valuations have increased by $5,200, or 7.9 percent, from 2000 when they had reported median values of $65,600.

In the State of Texas, Texarkana is positioned 17 of the 25 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 264 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.

There is a large amount of real estate that is affordable in Texarkana, Texas. In 2005, 82.1 percent of housing was valued under $125k.

Data Source: U.S. Census Bureau

Employment Report for Texarkana, TX, Texas -- Annual 2005 Industry Summary

The Texarkana Metropolitan Area is ranked at 296 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 286 of 363 Counties.

A top paying industry in Texarkana, TX is the mining industry with an average annual wage of $60,460. Locally, since the year 2001, the industry annual average pay has declined by 33.6 percent or $30,575. The State of Texas holds the same economic condition in the mining industry, ranking at the top of industries in terms of 2004 annual average wages.

In Texarkana, TX, Retail Trade, Manufacturing, and the Accommodation and food services sectors, in terms of total employment, are the largest. Retail Trade provides the most jobs and contributes 17.4 percent of all the jobs in the Metropolitain Area. This makes up 7,117 individuals. The Manufacturing and Accommodation and food services industries make up 13.6 and 11.3 percent of all employment.

Manufacturing has the largest employers in Texarkana, TX MSA, with the industry averaging 48 workers per each place of employment, being greater than the US industry average of 39 and greater than the Texas average establishment size of 38 for the Manufacturing industry.

The Health care and social assistance sector has decreased the most in local industry presence in the Texarkana, TX Metropolitan Area since 2001, going from making up 20 percent of employment in 2001 to 0 percent of employment in 2005.

Arts, entertainment, and recreation saw the biggest increase in jobs since the year 2001 in Texarkana, TX, with a job growth of 21.2 percent. This is greater than the rate of industry employment change in the United States of 4.7 percent. The State of Texas felt a shift in employment in the industry of 8.3 percent, in the course of time since 2001.

In Texarkana, TX, Retail Trade, Accommodation and food services and Manufacturing industries, in terms of United States location quotient, are the most dominant in the region. The Retail Trade sector has a United State LQ of 1.26. The percent of employment in the Retail Trade sector is 1.26 times greater than the US average, showing signs that Texarkana, TX may specialize, or be an exporter of Retail Trade.



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