NAICS 53

Real Estate and Rental and Leasing in Rockford, IL

Metro Market Score 38.5 (Moderate), ranked #123 of 330 metros. 234 establishments, 984 jobs.

Metro Market Assessment

Metro Market Score 38.5
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

Real Estate and Rental and Leasing employment in Rockford contracted year-over-year, placing the growth trend in the upper half at 15.4. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.

Industry Concentration
8.2
LQ: 0.46
Rank #27 of 330 metros
Wage Competitiveness
37.0
$52,065 avg wage
Growth Trend
↓ 15.4
Employment growth index
Rank #280 of 330 metros
Wage Pressure
9.3
YoY wage change index

234 Real Estate and Rental and Leasing Firms in Rockford

234
Establishments
-6.8% YoY
984
Total Employment
-4.7% YoY
$52,065
Average Annual Wage
-2.2% YoY
0.46
Location Quotient
Below national avg

Rockford vs Illinois Statewide

How this metro's real estate and rental and leasing market compares to Illinois overall. The state ranks #33/51 for entry risk.

Measure Rockford IL Statewide
Overall Score 38.5 Moderate 44.3 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #123 of 330 metros #33 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Rockford

Construction 39.4 Professional, Scientific, and Technical Services 42.8 Administrative and Support Services 44.0 Information 46.5 Other Services 50.7 Finance and Insurance 53.0 Accommodation and Food Services 54.4 Retail Trade 60.5 Healthcare and Social Assistance 69.1

Real Estate and Rental and Leasing in Other Illinois Metros

Decatur 24.3 #39/330 Bloomington 43.4 #172/330 Kankakee 47.5 #198/330 Champaign-Urbana 59.2 #268/330 Chicago-Naperville-Elgin 69.1 #315/330

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Rockford's real estate and rental and leasing sector, the employment growth component (84.5) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Data period: 2024. Last updated: April 2026.