NAICS 53

Real Estate and Rental and Leasing in Hagerstown-Martinsburg, MD

Metro Market Score 49.2 (Challenging), ranked #212 of 330 metros. 253 establishments, 938 jobs.

Metro Market Score 49.2

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

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

Hagerstown-Martinsburg's real estate and rental and leasing sector saw employment decline over the past year (growth trend: 3.3). That contraction, combined with a 49.2 market score, puts this metro in the lower half for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration

19.7

LQ: 0.57

Rank #65 of 330 metros

Wage Competitiveness

42.4

$53,134 avg wage

Growth Trend

↓ 3.3

Employment growth index

Rank #320 of 330 metros

Wage Pressure

23.5

YoY wage change index

253 Real Estate and Rental and Leasing Firms in Hagerstown-Martinsburg

253

Establishments

+6.3% YoY

938

Total Employment

-11.8% YoY

$53,134

Average Annual Wage

+8.4% YoY

0.57

Location Quotient

Below national avg

Within Maryland

#2 of 4

real estate and rental and leasing metros in state

Maryland state rank

#42 of 51

for real estate and rental and leasing entry risk

vs State Median

-2.8

better than median (52.0)

Hagerstown-Martinsburg vs Maryland Statewide

How this metro's real estate and rental and leasing market compares to Maryland overall. The state ranks #42/51 for entry risk.

Measure	Hagerstown-Martinsburg	MD Statewide
Overall Score	49.2 Challenging	50.4 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#212 of 330 metros	#42 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 Hagerstown-Martinsburg

Construction 23.3 Professional, Scientific, and Technical Services 26.8 Accommodation and Food Services 35.8 Healthcare and Social Assistance 38.8 Other Services 42.8 Information 51.9 Retail Trade 52.8 Finance and Insurance 54.5

Real Estate and Rental and Leasing in Other Maryland Metros

Lexington Park 35.6 #103/330 Salisbury 52.0 #230/330 Baltimore-Columbia-Towson 58.6 #267/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Hagerstown-Martinsburg's 49.2 score. Useful when comparing markets with comparable entry profiles.

Victoria, TX 49.3 #213/330 Midland, MI 49.3 #214/330 Augusta-Richmond County, GA 49.0 #211/330 Toledo, OH 48.8 #210/330 San Antonio-New Braunfels, TX 49.6 #215/330 Billings, MT 48.7 #209/330 Medford, OR 48.6 #208/330 El Paso, TX 48.6 #207/330 Rapid City, SD 48.5 #206/330 College Station-Bryan, TX 50.0 #216/330

Real Estate and Rental and Leasing in States Bordering Maryland

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

Pennsylvania 24.5 #1/51 Virginia 35.6 #17/51 District of Columbia 38.5 #24/51 West Virginia 40.6 #27/51 Delaware 53.2 #47/51

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 Hagerstown-Martinsburg's real estate and rental and leasing sector, the employment growth component (96.7) 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 Hagerstown-Martinsburg, MD-WV MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment