NAICS 53

Real Estate and Rental and Leasing in Michigan: 2026 Market Risk Report

Entry risk 39.3 (Moderate), ranked #26 of 51 states. 8,922 establishments, 58,220 jobs.

Entry Risk Assessment

Entry Risk Score 39.3
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Moderate

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

⛔High Barrier to Entry

Michigan's real estate and rental and leasing sector shows high establishment density (top 5 nationally) paired with firm retention in the bottom 15. This combination indicates elevated competitive pressure on new market entrants.

5-Year Firm Retention
27.4%
Percentile within industry
Rank #38 of 51 states
Growth Momentum
29.9
Scale of 0-100
Rank #31 of 51 states
Establishment Density
0.0
vs. national average
Rank #1 of 51 states
Market Volatility
14.6
Lower is more stable
Wage Pressure Index
46.3
Labor cost pressure

8,922 Establishments in Michigan

8,922
Establishments
-8.4% YoY
58,220
Total Employment
+1.0% YoY
$64,939
Average Annual Wage
+3.7% YoY

Michigan vs National Real Estate and Rental and Leasing Average

How Michigan's real estate and rental and leasing market compares to the national average across all 51 states.

Metric MI National Difference
Entry Risk Score 39.3 40.5 -1.2
5-Year Retention 27.4% 51.0% -23.6
Growth Momentum 29.9 39.4 -9.5
Market Volatility 14.6 22.1 -7.5
Establishment Density 0.0 34.1 -34.1
Wage Pressure 46.3 45.1 +1.2

Green = favorable vs national average. Red = less favorable. Metrics are relative within real estate and rental and leasing only.

Michigan Ranks #26 of 51 for Real Estate and Rental and Leasing

Michigan ranks #26 out of 51 states for real estate and rental and leasing market entry conditions.

Real Estate and Rental and Leasing Entry Risk by State

Rank State Risk Score Classification
#1 Pennsylvania 24.5 low
#2 Wisconsin 26.0 low
#3 Nebraska 26.3 low
#4 South Dakota 26.4 low
#5 Massachusetts 27.7 low
#26 Michigan You 39.3 moderate
Entry Risk by State Alaska — 34.9 · #15 Alabama — 31.9 · #13 Arkansas — 30.5 · #12 Arizona — 52.4 · #46 California — 47.1 · #39 Colorado — 52.1 · #44 Connecticut — 45.9 · #37 District of Columbia — 38.5 · #24 Delaware — 53.2 · #47 Florida — 54.7 · #49 Georgia — 51.6 · #43 Hawaii — 60.3 · #50 Iowa — 35.6 · #16 Idaho — 43.4 · #32 Illinois — 44.3 · #33 Indiana — 30.2 · #10 Kansas — 41.4 · #29 Kentucky — 30.3 · #11 Louisiana — 44.5 · #34 Massachusetts — 27.7 · #5 Maryland — 50.4 · #42 Maine — 28.3 · #6 Michigan — 39.3 · #26 Minnesota — 42.1 · #31 Missouri — 39.2 · #25 Mississippi — 30.0 · #8 Montana — 37.5 · #20 North Carolina — 38.1 · #23 North Dakota — 54.3 · #48 Nebraska — 26.3 · #3 New Hampshire — 29.6 · #7 New Jersey — 37.3 · #19 New Mexico — 52.3 · #45 Nevada — 61.9 · #51 New York — 37.6 · #21 Ohio — 33.2 · #14 Oklahoma — 42.0 · #30 Oregon — 44.8 · #35 Pennsylvania — 24.5 · #1 Rhode Island — 37.8 · #22 South Carolina — 44.9 · #36 South Dakota — 26.4 · #4 Tennessee — 37.2 · #18 Texas — 41.4 · #28 Utah — 46.6 · #38 Virginia — 35.6 · #17 Vermont — 30.1 · #9 Washington — 48.0 · #40 Wisconsin — 26.0 · #2 West Virginia — 40.6 · #27 Wyoming — 49.6 · #41
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does Michigan stack up against other states for real estate and rental and leasing?

Select a state above to see the comparison

Real Estate and Rental and Leasing in Neighboring States

How Michigan's real estate and rental and leasing market compares to bordering states.

Wisconsin 26.0 #2/51 Indiana 30.2 #10/51 Ohio 33.2 #14/51

Other Industries in Michigan

Construction → Healthcare and Social Assistance → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Finance and Insurance → Administrative and Support Services → Information → Other Services →