NAICS 53

Real Estate and Rental and Leasing in Springfield, MO

Metro Market Score 40.3 (Moderate), ranked #141 of 330 metros. 660 establishments, 3,445 jobs.

Metro Market Score 40.3

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.

Employment in Springfield's real estate and rental and leasing sector grew faster than most metros last year, pushing its growth trend index to 67.9. Combined with a 40.3 market score, this metro sits in the upper half for overall conditions.

Industry Concentration

78.5

LQ: 1.01

Rank #259 of 330 metros

Wage Competitiveness

30.6

$51,007 avg wage

Growth Trend

↑ 67.9

Employment growth index

Rank #107 of 330 metros

Wage Pressure

16.7

YoY wage change index

660 Real Estate and Rental and Leasing Firms in Springfield

660

Establishments

-1.0% YoY

3,445

Total Employment

+2.6% YoY

$51,007

Average Annual Wage

+3.3% YoY

1.01

Location Quotient

Above national avg

Within Missouri

#2 of 4

real estate and rental and leasing metros in state

Missouri state rank

#25 of 51

for real estate and rental and leasing entry risk

vs State Median

-2.2

better than median (42.4)

Springfield vs Missouri Statewide

How this metro's real estate and rental and leasing market compares to Missouri overall. The state ranks #25/51 for entry risk.

Measure	Springfield	MO Statewide
Overall Score	40.3 Moderate	39.2 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#141 of 330 metros	#25 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 Springfield

Construction 40.6 Other Services 41.5 Retail Trade 48.1 Finance and Insurance 58.8

Real Estate and Rental and Leasing in Other Missouri Metros

Joplin 32.4 #82/330 Columbia 42.4 #164/330 St. Louis 61.3 #281/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Springfield's 40.3 score. Useful when comparing markets with comparable entry profiles.

Binghamton, NY 40.2 #140/330 Hot Springs, AR 40.3 #142/330 Huntsville, AL 40.2 #139/330 Yuba City, CA 40.3 #143/330 Corvallis, OR 40.1 #138/330 Pinehurst-Southern Pines, NC 40.1 #137/330 Dayton-Kettering-Beavercreek, OH 40.5 #144/330 Yakima, WA 40.5 #145/330 Harrisonburg, VA 40.5 #146/330 Iowa City, IA 40.0 #136/330

Real Estate and Rental and Leasing in States Bordering Missouri

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

Nebraska 26.3 #3/51 Kentucky 30.3 #11/51 Arkansas 30.5 #12/51 Iowa 35.6 #16/51 Tennessee 37.2 #18/51 Kansas 41.4 #29/51 Oklahoma 42.0 #30/51 Illinois 44.3 #33/51

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 Springfield's real estate and rental and leasing sector, the industry concentration component (78.5) 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 Springfield, MO MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment