NAICS 53

Real Estate and Rental and Leasing in South Bend-Mishawaka, IN

Metro Market Score 38.7 (Moderate), ranked #127 of 330 metros. 282 establishments, 1,776 jobs.

Metro Market Score 38.7

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.

📈Rapid Growth

Employment in South Bend-Mishawaka's real estate and rental and leasing sector grew faster than most metros last year, pushing its growth trend index to 78.2. Combined with a 38.7 market score, this metro sits in the upper half for overall conditions.

Industry Concentration

64.5

LQ: 0.88

Rank #213 of 330 metros

Wage Competitiveness

57.0

$57,071 avg wage

Growth Trend

↑ 78.2

Employment growth index

Rank #73 of 330 metros

Wage Pressure

8.9

YoY wage change index

282 Real Estate and Rental and Leasing Firms in South Bend-Mishawaka

282

Establishments

-1.4% YoY

1,776

Total Employment

+4.4% YoY

$57,071

Average Annual Wage

-2.5% YoY

0.88

Location Quotient

Below national avg

Within Indiana

#6 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

+2.1

worse than median (36.6)

South Bend-Mishawaka 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	South Bend-Mishawaka	IN Statewide
Overall Score	38.7 Moderate	30.2 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#127 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 South Bend-Mishawaka

Information 41.5 Administrative and Support Services 47.0 Finance and Insurance 47.5 Construction 48.4 Professional, Scientific, and Technical Services 50.1 Other Services 53.8 Accommodation and Food Services 59.1 Retail Trade 60.4

Real Estate and Rental and Leasing in Other Indiana Metros

Columbus 12.6 #5/330 Kokomo 20.5 #26/330 Elkhart-Goshen 21.4 #29/330 Fort Wayne 34.1 #89/330 Evansville 36.6 #110/330 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 South Bend-Mishawaka's 38.7 score. Useful when comparing markets with comparable entry profiles.

Palm Bay-Melbourne-Titusville, FL 38.7 #126/330 Blacksburg-Christiansburg-Radford, VA 38.7 #128/330 Pensacola-Ferry Pass-Brent, FL 38.8 #129/330 Cheyenne, WY 38.6 #125/330 Mansfield, OH 38.5 #124/330 Rockford, IL 38.5 #123/330 Niles, MI 38.9 #130/330 State College, PA 38.5 #122/330 Traverse City, MI 38.5 #121/330 Coeur d'Alene, ID 39.0 #131/330

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 South Bend-Mishawaka's real estate and rental and leasing sector, the industry concentration component (64.5) 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

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

Data period: 2024. Last updated: April 2026.

Metro Market Assessment