Today’s Daily Data Discussion post will look at markets around the country with the lowest percentages of service job employment. 

Yesterday we took a look at markets with very high levels of service sector employment; all reported values were well above the average value of 40.7%.   Conversely, the markets with lowest percentages of employment in the service sector have service sector employment percentages that are well below the average. 

Here’s the take home message, particularly for multifamily investors and buy and hold single family investors / landlords – in markets with lower than average service sector employment, it is mandatory to further research the employment pattern of the market and determine what sectors hold the most employees.  Only then can a rational appraisal of the stability and risk tolerance of the market’s economy be made. 

Here are the markets in our database as of today with the lowest percentage of employment in the service sector –

1. Albany, GA (20.7%)
2. Salisbury, MD (20.9%)
3. Hinesville, GA (24.3%)
4. Pocatello, ID (24.4%)
5. Logan, UT (24.6%)

Tomorrow we’ll begin to take a look at the multifamily rental rate growth in markets around the country. 

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