NAICS 53

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

Entry risk 42.1 (Elevated), ranked #31 of 51 states. 7,042 establishments, 35,700 jobs.

Entry Risk Assessment

Entry Risk Score 42.1
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

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

The real estate and rental and leasing sector in Minnesota shows signs of market maturation: momentum index at 23.3 (bottom 15) combined with below-average firm retention (bottom 10). Net establishment formation is likely flat or negative.

5-Year Firm Retention
19.6%
Percentile within industry
Rank #42 of 51 states
Growth Momentum
23.3
Scale of 0-100
Rank #41 of 51 states
Establishment Density
21.0
vs. national average
Rank #19 of 51 states
Market Volatility
6.1
Lower is more stable
Wage Pressure Index
31.7
Labor cost pressure

7,042 Establishments in Minnesota

7,042
Establishments
+0.3% YoY
35,700
Total Employment
+0.1% YoY
$69,076
Average Annual Wage
+2.5% YoY

Minnesota vs National Real Estate and Rental and Leasing Average

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

Metric MN National Difference
Entry Risk Score 42.1 40.5 +1.6
5-Year Retention 19.6% 51.0% -31.4
Growth Momentum 23.3 39.4 -16.1
Market Volatility 6.1 22.1 -16.0
Establishment Density 21.0 34.1 -13.1
Wage Pressure 31.7 45.1 -13.4

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

Minnesota Ranks #31 of 51 for Real Estate and Rental and Leasing

Minnesota ranks #31 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
#31 Minnesota You 42.1 elevated
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 Minnesota 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 Minnesota's real estate and rental and leasing market compares to bordering states.

Wisconsin 26.0 #2/51 South Dakota 26.4 #4/51 Iowa 35.6 #16/51 North Dakota 54.3 #48/51

Other Industries in Minnesota

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 →