NAICS 53

Real Estate and Rental and Leasing in Cedar Rapids, IA

Metro Market Score 26.2 (Favorable), ranked #49 of 330 metros. 347 establishments, 1,302 jobs.

Metro Market Assessment

Metro Market Score 26.2
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

Cedar Rapids ranks in the top quartile for real estate and rental and leasing market conditions, driven by above-average employment growth. With a market score of 26.2, conditions are relatively favorable compared to most metros.

Industry Concentration
25.4
LQ: 0.61
Rank #84 of 330 metros
Wage Competitiveness
41.8
$53,084 avg wage
Growth Trend
↑ 79.7
Employment growth index
Rank #68 of 330 metros
Wage Pressure
16.3
YoY wage change index

347 Real Estate and Rental and Leasing Firms in Cedar Rapids

347
Establishments
+1.2% YoY
1,302
Total Employment
+4.7% YoY
$53,084
Average Annual Wage
+3.0% YoY
0.61
Location Quotient
Below national avg

Cedar Rapids vs Iowa Statewide

How this metro's real estate and rental and leasing market compares to Iowa overall. The state ranks #16/51 for entry risk.

Measure Cedar Rapids IA Statewide
Overall Score 26.2 Favorable 35.6 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #49 of 330 metros #16 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 Cedar Rapids

Accommodation and Food Services 34.4 Retail Trade 45.2 Construction 49.8 Other Services 57.9 Information 70.9 Finance and Insurance 75.8

Real Estate and Rental and Leasing in Other Iowa Metros

Sioux City 29.5 #63/330 Davenport-Moline-Rock Island 33.0 #85/330 Iowa City 40.0 #136/330 Dubuque 41.3 #154/330 Ames 43.1 #170/330 Des Moines-West Des Moines 55.5 #252/330

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 Cedar Rapids's real estate and rental and leasing sector, the wage competitiveness component (41.8) 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.