NAICS 53

Real Estate and Rental and Leasing in Grand Rapids-Wyoming-Kentwood, MI

Metro Market Score 30.2 (Favorable), ranked #71 of 330 metros. 1,022 establishments, 5,715 jobs.

Metro Market Assessment

Metro Market Score 30.2
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.

🌱Emerging Market

Grand Rapids-Wyoming-Kentwood 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 30.2, conditions are relatively favorable compared to most metros.

Industry Concentration
27.9
LQ: 0.62
Rank #92 of 330 metros
Wage Competitiveness
49.1
$54,955 avg wage
Growth Trend
↑ 74.5
Employment growth index
Rank #85 of 330 metros
Wage Pressure
16.6
YoY wage change index

1,022 Real Estate and Rental and Leasing Firms in Grand Rapids-Wyoming-Kentwood

1,022
Establishments
-2.0% YoY
5,715
Total Employment
+3.6% YoY
$54,955
Average Annual Wage
+3.2% YoY
0.62
Location Quotient
Below national avg

Grand Rapids-Wyoming-Kentwood vs Michigan Statewide

How this metro's real estate and rental and leasing market compares to Michigan overall. The state ranks #26/51 for entry risk.

Measure Grand Rapids-Wyoming-Kentwood MI Statewide
Overall Score 30.2 Favorable 39.3 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #71 of 330 metros #26 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 Grand Rapids-Wyoming-Kentwood

Accommodation and Food Services 35.3 Retail Trade 37.1 Healthcare and Social Assistance 40.7 Finance and Insurance 47.8 Information 48.9 Other Services 52.8

Real Estate and Rental and Leasing in Other Michigan Metros

Saginaw 8.4 #2/330 Monroe 19.6 #24/330 Bay City 23.0 #36/330 Jackson 27.4 #54/330 Muskegon-Norton Shores 31.8 #79/330 Battle Creek 34.5 #93/330 Traverse City 38.5 #121/330 Niles 38.9 #130/330 Flint 40.7 #148/330 Ann Arbor 44.3 #180/330

+ 4 more metros. View all in Michigan →

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 Grand Rapids-Wyoming-Kentwood's real estate and rental and leasing sector, the wage competitiveness component (49.1) 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.