Independence County Has Deteriorated in Real Estate Ownership by 3.0%, Since the Year 2000

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Parent Category: Arkansas

Category: Independence County, AR

The recent 2010 Census Bureau reports Independence County, Arkansas decreased in total real estate dwellings by 1,346, or 9%, (since the 2000), while the State of Arkansas increased in total real estate dwellings by 143,256, or 11%.

Compared to the US, Independence County has a medium amount of unoccupied residential real estate. 1,796, or 11.1%, are currently vacant in Independence County, Arkansas. Within the 1,796 unoccupied properties, 8.7% are on the real estate market for sale, while 23.2% are properties that are available for rent.

From 2000 to 2010, owner-occupied residential properties in Independence County have decreased by 3.0%. Reported in the 2010 Census, there were 10,280 (71.4%) units occupied by owners, while there were 4,111 (28.6%) housing units were leased. Independence County has a smaller portion of units rented than the State of Arkansas, which reportedly saw 33.0% of residential properties rented.

Compared to other counties in the United States, Independence County has a low level of housing units that are minority-owned. 4.1% are owned by minorities in Independence County; while in the US 21.7% and in the State of Arkansas 15.1% of residential housing units are owned by minorities.

Native Hawaiian rents more often than other race\ethnic group in Independence County. 66.7% the Native Hawaiian Census group reported to occupy a rented housing unit.

Datasource:  U.S. Census Bureau, Census 2010 Summary File 1. For more information, please visit the US Census website or visit our Request Census Data section and file a request.

In Independence County, Arkansas, the aggregate employment for all industry sectors has decreased by 973 jobs between 2005 and 2010.

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Parent Category: Arkansas

Category: Independence County, AR

In Independence County, Arkansas, the aggregate employment for all industry sectors has decreased by 973 jobs between 2005 and 2010.

Out of the 73 4-digit NAICS industries, 34 reported job growth in the duration of the last five years and 34 industry sectors reported declines during the time period.

Out of the 4-digit NAICS industries, the fullservice restaurants industry has accounted the most employment growth with a total of 332 new jobs created in the period. The job growth in fullservice restaurants makes up 25.4% percent of the growth in Independence County, Arkansas between 2005 and 2010.

Top 5 Growing Industries
1. Fullservice restaurants (+332)
2. Building material and supplies dealers (+142)
3. Individual and family services (+117)
4. Insurance agencies and brokerages (+81)
5. Child day care services (+63)

Of the area's industries (4-digit NAICS), the employment services industry faced the greatest employment loss with a total loss of 613 jobs in that time period. The declines in employment services make up 42.1% percent of the total employment decline in Independence County, Arkansas between the years of 2005 and 2010.

Top 5 Declining Industries
1. Employment services (-613)
2. Grocery stores (-159)
3. Limitedservice eating places (-121)
4. Clothing stores (-60)
5. Drycleaning and laundry services (-58)

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