Montgomery County Has Moved Down in Residential Real Estate Ownership by 0.4%, Since 2000

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Parent Category: Pennsylvania

Category: Montgomery County, PA

Recently reported by the 2010 Census, Montgomery County, Pennsylvania decreased in total real estate dwellings by 28,301, or 10%, since 2000. During the same period, the State of Pennsylvania increased in housing units by 317,565, or 6%.

Measured against the US, Montgomery County has a low amount of unoccupied residential properties. 17,985, or 5.5%, of residential units are vacant in Montgomery County, Pennsylvania. Of the 17,985 unoccupied properties, 16.7% are listed for sale, while 47.4% are properties that are available for rent.

From 2000 to 2010, housing units occupied by owners in Montgomery County have decreased by 0.4%. By 2010, there were 225,001 (73.1%) units occupied by owners, while there were 82,749 (26.9%) housing units were leased. Montgomery County has a smaller portion of rental units than the State of Pennsylvania, which saw 30.4% of units occupied by renters.

Compared to other counties in the United States, Montgomery County has a high level of owner-occupied units that are owned by minorities. 12.0% are owned and occupied by minorities in Montgomery County; while in the U.S. 21.7% and in the State of Pennsylvania 11.3% of owner-occupied units are owned by minorities.

Black is the group that rents the most often in Montgomery County. 50.1% the Black Census group reportedly were renters in 2010.

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 Montgomery County, Pennsylvania, the total number of workers for all sectors has decreased by 21,919 jobs between 2005 and 2010.

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Parent Category: Pennsylvania

Category: Montgomery County, PA

In Montgomery County, Pennsylvania, the total number of workers for all sectors has decreased by 21,919 jobs between 2005 and 2010.

Of the 240 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each year, 90 described an expansion of jobs throughout the time period, while 149 industries reported a drop in employment.

Out of the 4-digit NAICS industries, the securities and commodity contracts brokerage industry has brought the most jobs with a total of 2,686 new jobs created in the period. The job growth in securities and commodity contracts brokerage makes up 7.9% percent of the total number of new jobs in Montgomery County, Pennsylvania between the years of 2005 and 2010.

Top 5 Growing Industries
1. Securities and commodity contracts brokerage (+2686)
2. Couriers and express delivery services (+2545)
3. Management of companies and enterprises (+2460)
4. Computer systems design and related services (+2057)
5. Individual and family services (+2050)

Given the industries in the area, the investigation and security services industry faced the greatest employment loss with a total loss of 2,081 jobs in that time period. The declines in investigation and security services make up 4.2% percent of the jobs lost during the period in Montgomery County, Pennsylvania for the years between 2005 and 2010.

Top 5 Declining Industries
1. Investigation and security services (-2,081)
2. Residential building construction (-1,744)
3. Printing and related support activities (-1,646)
4. Nondepository credit intermediation (-1,608)
5. Activities related to credit intermediation (-1,564)

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