NAICS 53

Real Estate and Rental and Leasing in Santa Fe, NM

Metro Market Score 54.3 (Challenging), ranked #248 of 330 metros. 302 establishments, 806 jobs.

Metro Market Score 54.3

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

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

At #248 of 330 metros, Santa Fe's real estate and rental and leasing sector scores 54.3 on the market index. Concentration (59.1), wage levels (64.5), and growth (30.3) all track close to the median. Local factors like lease costs and client access will matter more than macro signals.

Industry Concentration

59.1

LQ: 0.84

Rank #195 of 330 metros

Wage Competitiveness

64.5

$59,473 avg wage

Growth Trend

↓ 30.3

Employment growth index

Rank #231 of 330 metros

Wage Pressure

12.4

YoY wage change index

302 Real Estate and Rental and Leasing Firms in Santa Fe

302

Establishments

+0.3% YoY

806

Total Employment

-1.3% YoY

$59,473

Average Annual Wage

+0.1% YoY

0.84

Location Quotient

Below national avg

Within New Mexico

#3 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

+21.9

worse than median (32.4)

Santa Fe 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	Santa Fe	NM Statewide
Overall Score	54.3 Challenging	52.3 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#248 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 Santa Fe

Construction 44.1 Information 46.2 Healthcare and Social Assistance 50.8 Administrative and Support Services 55.3 Finance and Insurance 56.3 Professional, Scientific, and Technical Services 59.9 Accommodation and Food Services 66.3 Retail Trade 70.8 Other Services 91.6

Real Estate and Rental and Leasing in Other New Mexico Metros

Farmington 18.6 #21/330 Las Cruces 32.4 #81/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Santa Fe's 54.3 score. Useful when comparing markets with comparable entry profiles.

Raleigh-Cary, NC 54.3 #247/330 Buffalo-Cheektowaga, NY 54.2 #246/330 Fargo, ND 54.2 #245/330 Milwaukee-Waukesha, WI 53.9 #244/330 Columbus, OH 54.8 #249/330 Beaumont-Port Arthur, TX 55.0 #250/330 Jacksonville, FL 53.6 #243/330 Providence-Warwick, RI 53.5 #242/330 Oklahoma City, OK 55.2 #251/330 Tucson, AZ 53.3 #241/330

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 Santa Fe's real estate and rental and leasing sector, the employment growth component (69.7) 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 Santa Fe, NM MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment