Mercer County Has Deteriorated in Real Estate Ownership by 1.2%, Between 2000 and 2010

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Parent Category: New Jersey

Category: Mercer County, NJ

According to data from the 2010 Census, Mercer County, New Jersey decreased in total real estate dwellings by 9,889, or 7%, since 2000. During the same period, the State of New Jersey increased in residential properties by 243,287, or 7%.

When compared to the United States, Mercer County has a medium level of vacancy in residential housing. 10,014, or 7.0%, currently are unoccupied in Mercer County, New Jersey. Of these 10,014 vacant residential properties, 14.1% are the market to be sold, while 42.5% are trying to be rented.

From 2000 to 2010, owner-occupied residential properties in Mercer County have decreased by 1.2%. In 2010, there were 87,700 (65.9%) owner-occupied residential properties, while there were 45,455 (34.1%) units were rented. Mercer County has a smaller portion properties rented than the State of New Jersey, which reportedly saw 34.6% of residential properties rented.

When compared to all counties across the US, Mercer County has a very high level of residential properties that are minority-owned. 28.1% are minority-owned in Mercer County; while in the U.S. 21.7% and in the State of New Jersey 23.0% of owner-occupied units are owned by minorities.

Native Hawaiian is the group with the highest percent of rental in Mercer County. 82.1% the Native Hawaiian Census group occupies 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 Mercer County, New Jersey, the total number of workers for all sectors has increased by 1,860 jobs from 2005 to 2010.

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Parent Category: New Jersey

Category: Mercer County, NJ

In Mercer County, New Jersey, the total number of workers for all sectors has increased by 1,860 jobs from 2005 to 2010.

Out of the 201 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each year, 90 showed an escalation in the number employed, while 110 industries reported employment loss in the period.

Of the industries (4-digit NAICS) in the area, the general medical and surgical hospitals industry has accounted the most employment growth with a total of 7,985 new jobs created in the period. The job growth in general medical and surgical hospitals makes up 30.0% percent of the total employment growth in Mercer County, New Jersey between 2005 and 2010.

Top 5 Growing Industries
1. General medical and surgical hospitals (+7985)
2. Educational support services (+2695)
3. Other amusement and recreation industries (+2011)
4. Justice, public order, and safety activities (+1532)
5. Home health care services (+924)

Given the industries in the area, the psychiatric and substance abuse hospitals industry has lost the most employment with a total loss of 2,605 jobs in that time period. The declines in psychiatric and substance abuse hospitals make up 11.9% percent of the total employment decline in Mercer County, New Jersey between 2005 and 2010.

Top 5 Declining Industries
1. Psychiatric and substance abuse hospitals (-2,605)
2. Pharmaceutical and medicine manufacturing (-2,081)
3. Employment services (-1,334)
4. Druggists' goods merchant wholesalers (-915)
5. Newspaper, book, and directory publishers (-859)

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