NAICS 53

Real Estate and Rental and Leasing in Elkhart-Goshen, IN

Metro Market Score 21.4 (Favorable), ranked #29 of 330 metros. 190 establishments, 1,028 jobs.

Metro Market Score 21.4

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

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

📈Rapid Growth✓Favorable Market🌱Emerging Market

Elkhart-Goshen ranks in the top 10% for real estate and rental and leasing market conditions, driven by above-average employment growth. With a market score of 21.4, conditions are relatively favorable compared to most metros.

Industry Concentration

14.2

LQ: 0.52

Rank #47 of 330 metros

Wage Competitiveness

54.2

$56,332 avg wage

Growth Trend

↑ 96.1

Employment growth index

Rank #14 of 330 metros

Wage Pressure

15.5

YoY wage change index

190 Real Estate and Rental and Leasing Firms in Elkhart-Goshen

190

Establishments

+9.2% YoY

1,028

Total Employment

+15.2% YoY

$56,332

Average Annual Wage

+2.4% YoY

0.52

Location Quotient

Below national avg

Within Indiana

#3 of 9

real estate and rental and leasing metros in state

Indiana state rank

#10 of 51

for real estate and rental and leasing entry risk

vs State Median

-15.2

better than median (36.6)

Elkhart-Goshen vs Indiana Statewide

How this metro's real estate and rental and leasing market compares to Indiana overall. The state ranks #10/51 for entry risk.

Measure	Elkhart-Goshen	IN Statewide
Overall Score	21.4 Favorable	30.2 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#29 of 330 metros	#10 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 Elkhart-Goshen

Information 17.4 Professional, Scientific, and Technical Services 19.7 Finance and Insurance 26.5 Healthcare and Social Assistance 35.9 Administrative and Support Services 41.5 Construction 44.3 Accommodation and Food Services 46.0 Retail Trade 48.1 Other Services 52.7

Real Estate and Rental and Leasing in Other Indiana Metros

Columbus 12.6 #5/330 Kokomo 20.5 #26/330 Fort Wayne 34.1 #89/330 Evansville 36.6 #110/330 South Bend-Mishawaka 38.7 #127/330 Michigan City-La Porte 39.1 #132/330 Muncie 47.6 #199/330 Indianapolis-Carmel-Greenwood 67.1 #308/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Elkhart-Goshen's 21.4 score. Useful when comparing markets with comparable entry profiles.

Twin Falls, ID 21.5 #30/330 Eagle Pass, TX 21.1 #28/330 Johnstown, PA 22.0 #31/330 Lewiston, ID 20.8 #27/330 Kokomo, IN 20.5 #26/330 Monroe, LA 20.5 #25/330 Glens Falls, NY 22.3 #32/330 El Centro, CA 22.5 #33/330 Pocatello, ID 22.6 #34/330 Sebring, FL 22.7 #35/330

Real Estate and Rental and Leasing in States Bordering Indiana

State-level entry risk for real estate and rental and leasing in adjacent states. Use this to weigh cross-border options.

Kentucky 30.3 #11/51 Ohio 33.2 #14/51 Michigan 39.3 #26/51 Illinois 44.3 #33/51

Browse Real Estate and Rental and Leasing in Other States

State-level entry risk reports for real estate and rental and leasing across all 51 markets, sorted by rank.

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 Elkhart-Goshen's real estate and rental and leasing sector, the wage competitiveness component (54.2) 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

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Elkhart-Goshen, IN MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment