NAICS 53

Real Estate and Rental and Leasing in New Orleans-Metairie, LA

Metro Market Score 71.4 (Difficult), ranked #323 of 330 metros. 1,573 establishments, 7,552 jobs.

Metro Market Score 71.4

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

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

New Orleans-Metairie's real estate and rental and leasing sector saw employment decline over the past year (growth trend: 3.0). That contraction, combined with a 71.4 market score, puts this metro in the bottom 10% for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration

85.5

LQ: 1.10

Rank #282 of 330 metros

Wage Competitiveness

68.5

$61,035 avg wage

Growth Trend

↓ 3.0

Employment growth index

Rank #321 of 330 metros

Wage Pressure

19.1

YoY wage change index

1,573 Real Estate and Rental and Leasing Firms in New Orleans-Metairie

1,573

Establishments

-22.0% YoY

7,552

Total Employment

-12.1% YoY

$61,035

Average Annual Wage

+5.1% YoY

1.10

Location Quotient

Above national avg

Within Louisiana

#6 of 8

real estate and rental and leasing metros in state

Louisiana state rank

#34 of 51

for real estate and rental and leasing entry risk

vs State Median

+11.9

worse than median (59.5)

New Orleans-Metairie vs Louisiana Statewide

How this metro's real estate and rental and leasing market compares to Louisiana overall. The state ranks #34/51 for entry risk.

Measure	New Orleans-Metairie	LA Statewide
Overall Score	71.4 Difficult	44.5 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#323 of 330 metros	#34 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 New Orleans-Metairie

Retail Trade 63.3 Finance and Insurance 76.3 Administrative and Support Services 80.3 Accommodation and Food Services 91.9

Real Estate and Rental and Leasing in Other Louisiana Metros

Hammond 19.4 #23/330 Monroe 20.5 #25/330 Slidell-Mandeville-Covington 42.6 #166/330 Lake Charles 58.2 #266/330 Shreveport-Bossier City 59.5 #272/330 Houma-Bayou Cane-Thibodaux 73.0 #325/330 Lafayette 77.6 #330/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of New Orleans-Metairie's 71.4 score. Useful when comparing markets with comparable entry profiles.

Sacramento-Roseville-Folsom, CA 70.5 #322/330 San Francisco-Oakland-Fremont, CA 70.4 #321/330 Austin-Round Rock-San Marcos, TX 70.2 #320/330 Naples-Marco Island, FL 70.1 #319/330 Orlando-Kissimmee-Sanford, FL 73.0 #324/330 Houma-Bayou Cane-Thibodaux, LA 73.0 #325/330 Kahului-Wailuku, HI 69.7 #318/330 Santa Rosa-Petaluma, CA 69.5 #317/330 Portland-Vancouver-Hillsboro, OR 69.3 #316/330 Urban Honolulu, HI 69.1 #314/330

Real Estate and Rental and Leasing in States Bordering Louisiana

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

Mississippi 30.0 #8/51 Arkansas 30.5 #12/51 Texas 41.4 #28/51

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 New Orleans-Metairie's real estate and rental and leasing sector, the employment growth component (97.0) 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 New Orleans-Metairie, LA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment