Rochester, MN
About this MSAClick on the buttons to see more charts. Click on any chart to enlarge and see chart description.
Displays the percentage of residents in specified income brackets within a particular area. Household income is defined as the total income of all individuals living in a single household. This figure is updated on an annual basis. Source: Metrostudy, Market Dashboard Report, Nielsen Claritas
Household income is used to determine the buying power of consumers in a market, as well as the affordability of housing in a region.
Household income is used to determine the buying power of consumers in a market, as well as the affordability of housing in a region.
Demographic segmentation of all individuals within a specified region by age group. Chart represents the percentage of the total population that each particular age group accounts for. The figures being compared are based on 5-year intervals.
The age distribution of a population paints an important picture of future home buying trends. For instance, a larger aging population will shift demand toward active adult housing units, whereas a larger young population will focus demand on smaller homes and family-oriented communities, along with accompanying employment trends.
The age distribution of a population paints an important picture of future home buying trends. For instance, a larger aging population will shift demand toward active adult housing units, whereas a larger young population will focus demand on smaller homes and family-oriented communities, along with accompanying employment trends.
Building permits are broken down, by month, into annualized totals for single-family and multi-family (which includes 2 units, 3-4 units, and 5+ units) housing. These monthly, annualized figures are displayed on a rolling twelve-month cycle and incorporate anticipated annual revisions (released each May) of the corresponding year-to-date figures. Source: Metrostudy, Market Dashboard Report, US Census, and Moody’s Analytics.
Permits are an expression of supply, and the trend of permit issuances give key insight into the pace of construction activity. The annualized figures provide an easy way to compare current activity with prior months and years.
Permits are an expression of supply, and the trend of permit issuances give key insight into the pace of construction activity. The annualized figures provide an easy way to compare current activity with prior months and years.
Total employment refers to non-farm wage and salaried employees in the area. The unemployment rate is the percentage of unemployed persons in the region’s labor force. Employment data are based upon a survey of businesses, while unemployment rate information is based upon a survey of households.Source: Metrostudy, Market Dashboard Report, Bureau of Labor Statistics, Moody’s Analytics.
Total employment and the unemployment rate typically have an inverse relationship. These metrics can be used to determine the health of the local labor market. Jobs are a major factor for the housing demand. High levels of employment and low unemployment rates tend to lead to healthier housing markets.
Total employment and the unemployment rate typically have an inverse relationship. These metrics can be used to determine the health of the local labor market. Jobs are a major factor for the housing demand. High levels of employment and low unemployment rates tend to lead to healthier housing markets.
Non-farm employment categorized by industry sector. Chart displays which major sectors of employment are experiencing growth/losses from the same year-ago period. Gains and losses in employment are represented in percentage change compared to the same time last year. Industry employment is based on a survey of businesses. Source: Metrostudy, Market Dashboard Report, Bureau of Labor Statistics, Moody’s Analytics.
Payroll growth by sector indicates which industries are likely driving local economic growth. The direction in which each sector is moving may signal longer-term shifts in the region’s economy.
Payroll growth by sector indicates which industries are likely driving local economic growth. The direction in which each sector is moving may signal longer-term shifts in the region’s economy.
The difference between the number of people who immigrate in and emigrate out of a particular region. This figure shows annualized data updated monthly. Source: Metrostudy, Market Dashboard Report, Census Bureau, Moody’s Analytics
Can be used to forecast population trends. Migration trends can be indicative of demographic and employment trends in a particular area. Market areas with substantial inflows of new residents will have greater demand for new and existing homes. Market areas with negative net migration will have less demand for additional homes.
Can be used to forecast population trends. Migration trends can be indicative of demographic and employment trends in a particular area. Market areas with substantial inflows of new residents will have greater demand for new and existing homes. Market areas with negative net migration will have less demand for additional homes.