NAICS 53

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

Entry risk 37.5 (Moderate), ranked #20 of 51 states. 2,461 establishments, 6,689 jobs.

Entry Risk Assessment

Entry Risk Score 37.5
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.

📈Growth Opportunity💎Hidden Gem

Montana ranks top 10 in growth momentum while maintaining relatively low market saturation (bottom 5). This combination signals an underpenetrated market with expanding demand.

5-Year Firm Retention
60.8%
Percentile within industry
Rank #21 of 51 states
Growth Momentum
↑ 62.8
Scale of 0-100
Rank #8 of 51 states
Establishment Density
83.4
vs. national average
Rank #48 of 51 states
Market Volatility
16.4
Lower is more stable
Wage Pressure Index
8.5
Labor cost pressure

2,461 Establishments in Montana

2,461
Establishments
-7.6% YoY
6,689
Total Employment
-3.3% YoY
$55,432
Average Annual Wage
+0.6% YoY

Montana vs National Real Estate and Rental and Leasing Average

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

Metric MT National Difference
Entry Risk Score 37.5 40.5 -3.0
5-Year Retention 60.8% 51.0% +9.8
Growth Momentum 62.8 39.4 +23.4
Market Volatility 16.4 22.1 -5.7
Establishment Density 83.4 34.1 +49.3
Wage Pressure 8.5 45.1 -36.6

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

Montana Ranks #20 of 51 for Real Estate and Rental and Leasing

Montana ranks #20 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
#20 Montana You 37.5 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 Montana 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 Montana's real estate and rental and leasing market compares to bordering states.

South Dakota 26.4 #4/51 Idaho 43.4 #32/51 Wyoming 49.6 #41/51 North Dakota 54.3 #48/51

Other Industries in Montana

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 →