NAICS 53

Real Estate and Rental and Leasing in Farmington, NM

Metro Market Score 18.6 (Favorable), ranked #21 of 330 metros. 123 establishments, 392 jobs.

Metro Market Score 18.6

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.

📈Rapid Growth✓Favorable Market🌱Emerging Market

Employment in Farmington's real estate and rental and leasing sector grew faster than most metros last year, pushing its growth trend index to 80.9. Combined with a 18.6 market score, this metro sits in the top 10% for overall conditions.

Industry Concentration

16.7

LQ: 0.54

Rank #55 of 330 metros

Wage Competitiveness

18.8

$47,614 avg wage

Growth Trend

↑ 80.9

Employment growth index

Rank #64 of 330 metros

Wage Pressure

20.3

YoY wage change index

123 Real Estate and Rental and Leasing Firms in Farmington

123

Establishments

-1.6% YoY

392

Total Employment

+4.8% YoY

$47,614

Average Annual Wage

+6.0% YoY

0.54

Location Quotient

Below national avg

Within New Mexico

#1 of 3

real estate and rental and leasing metros in state

New Mexico state rank

#45 of 51

for real estate and rental and leasing entry risk

vs State Median

-13.8

better than median (32.4)

Farmington vs New Mexico Statewide

How this metro's real estate and rental and leasing market compares to New Mexico overall. The state ranks #45/51 for entry risk.

Measure	Farmington	NM Statewide
Overall Score	18.6 Favorable	52.3 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#21 of 330 metros	#45 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 Farmington

Professional, Scientific, and Technical Services 18.5 Information 22.1 Finance and Insurance 29.4 Administrative and Support Services 29.9 Construction 45.2 Healthcare and Social Assistance 50.3 Retail Trade 55.3 Other Services 57.2 Accommodation and Food Services 63.2

Real Estate and Rental and Leasing in Other New Mexico Metros

Las Cruces 32.4 #81/330 Santa Fe 54.3 #248/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Farmington's 18.6 score. Useful when comparing markets with comparable entry profiles.

McAllen-Edinburg-Mission, TX 18.6 #20/330 Warner Robins, GA 18.7 #22/330 Anniston-Oxford, AL 18.4 #19/330 Scranton--Wilkes-Barre, PA 18.4 #18/330 Decatur, AL 18.2 #17/330 Hammond, LA 19.4 #23/330 Monroe, MI 19.6 #24/330 Erie, PA 17.6 #16/330 Brownsville-Harlingen, TX 17.3 #15/330 Eau Claire, WI 17.3 #14/330

Real Estate and Rental and Leasing in States Bordering New Mexico

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

Texas 41.4 #28/51 Oklahoma 42.0 #30/51 Utah 46.6 #38/51 Colorado 52.1 #44/51 Arizona 52.4 #46/51

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 Farmington's real estate and rental and leasing sector, the employment growth component (19.1) 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

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Farmington, NM MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment