NAICS 53

Real Estate and Rental and Leasing in Niles, MI

Metro Market Score 38.9 (Moderate), ranked #130 of 330 metros. 150 establishments, 493 jobs.

Metro Market Score 38.9

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

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

Labor costs are a clear advantage in Niles's real estate and rental and leasing sector. The wage competitiveness index of 18.5 puts it among the lowest-cost metros, and wage pressure at 25.1 suggests that gap is holding steady.

Industry Concentration

14.6

LQ: 0.52

Rank #48 of 330 metros

Wage Competitiveness

18.5

$47,520 avg wage

Growth Trend

↓ 14.6

Employment growth index

Rank #283 of 330 metros

Wage Pressure

25.1

YoY wage change index

150 Real Estate and Rental and Leasing Firms in Niles

150

Establishments

-12.3% YoY

493

Total Employment

-4.8% YoY

$47,520

Average Annual Wage

+9.6% YoY

0.52

Location Quotient

Below national avg

Within Michigan

#9 of 15

real estate and rental and leasing metros in state

Michigan state rank

#26 of 51

for real estate and rental and leasing entry risk

vs State Median

+0.4

worse than median (38.5)

Niles 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	Niles	MI Statewide
Overall Score	38.9 Moderate	39.3 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#130 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 Niles

Information 20.3 Healthcare and Social Assistance 26.7 Professional, Scientific, and Technical Services 33.3 Retail Trade 33.4 Other Services 39.4 Finance and Insurance 44.1 Accommodation and Food Services 49.4 Construction 50.1 Administrative and Support Services 56.2

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 Grand Rapids-Wyoming-Kentwood 30.2 #71/330 Muskegon-Norton Shores 31.8 #79/330 Battle Creek 34.5 #93/330 Traverse City 38.5 #121/330 Flint 40.7 #148/330 Ann Arbor 44.3 #180/330

+ 4 more metros. View all in Michigan →

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Niles's 38.9 score. Useful when comparing markets with comparable entry profiles.

Coeur d'Alene, ID 39.0 #131/330 Pensacola-Ferry Pass-Brent, FL 38.8 #129/330 Blacksburg-Christiansburg-Radford, VA 38.7 #128/330 South Bend-Mishawaka, IN 38.7 #127/330 Palm Bay-Melbourne-Titusville, FL 38.7 #126/330 Michigan City-La Porte, IN 39.1 #132/330 Fort Smith, AR 39.1 #133/330 Cheyenne, WY 38.6 #125/330 Mansfield, OH 38.5 #124/330 Rockford, IL 38.5 #123/330

Real Estate and Rental and Leasing in States Bordering Michigan

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

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

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 Niles's real estate and rental and leasing sector, the employment growth component (85.5) 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 Niles, MI MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment