NAICS 53

Real Estate and Rental and Leasing in Elmira, NY

Metro Market Score 43.5 (Moderate), ranked #173 of 330 metros. 60 establishments, 276 jobs.

Metro Market Score 43.5

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.

Real Estate and Rental and Leasing employment in Elmira contracted year-over-year, placing the growth trend in the lower half at 14.2. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.

Industry Concentration

14.8

LQ: 0.53

Rank #49 of 330 metros

Wage Competitiveness

40.3

$52,703 avg wage

Growth Trend

↓ 14.2

Employment growth index

Rank #284 of 330 metros

Wage Pressure

20.0

YoY wage change index

60 Real Estate and Rental and Leasing Firms in Elmira

Establishments

-1.6% YoY

276

Total Employment

-4.8% YoY

$52,703

Average Annual Wage

+5.8% YoY

0.53

Location Quotient

Below national avg

Within New York

#6 of 12

real estate and rental and leasing metros in state

New York state rank

#21 of 51

for real estate and rental and leasing entry risk

vs State Median

-0.4

better than median (43.9)

Elmira vs New York Statewide

How this metro's real estate and rental and leasing market compares to New York overall. The state ranks #21/51 for entry risk.

Measure	Elmira	NY Statewide
Overall Score	43.5 Moderate	37.6 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#173 of 330 metros	#21 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 Elmira

Administrative and Support Services 22.4 Finance and Insurance 25.2 Construction 31.2 Information 37.0 Other Services 39.5 Professional, Scientific, and Technical Services 40.0 Healthcare and Social Assistance 45.6 Accommodation and Food Services 59.7 Retail Trade 63.9

Real Estate and Rental and Leasing in Other New York Metros

Utica-Rome 14.1 #8/330 Glens Falls 22.3 #32/330 Kingston 34.3 #92/330 Ithaca 36.4 #109/330 Binghamton 40.2 #140/330 Syracuse 43.9 #174/330 Albany-Schenectady-Troy 47.2 #193/330 Watertown-Fort Drum 50.5 #218/330 Kiryas Joel-Poughkeepsie-Newburgh 52.3 #234/330 Buffalo-Cheektowaga 54.2 #246/330

+ 1 more metros. View all in New York →

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Elmira's 43.5 score. Useful when comparing markets with comparable entry profiles.

Bloomington, IL 43.4 #172/330 Redding, CA 43.3 #171/330 Syracuse, NY 43.9 #174/330 Ames, IA 43.1 #170/330 Killeen-Temple, TX 43.0 #169/330 Morristown, TN 44.1 #175/330 Weirton-Steubenville, WV 43.0 #168/330 Abilene, TX 42.9 #167/330 Grand Junction, CO 44.2 #176/330 Homosassa Springs, FL 44.2 #177/330

Real Estate and Rental and Leasing in States Bordering New York

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

Pennsylvania 24.5 #1/51 Massachusetts 27.7 #5/51 Vermont 30.1 #9/51 New Jersey 37.3 #19/51 Connecticut 45.9 #37/51

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 Elmira's real estate and rental and leasing sector, the employment growth component (85.8) 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 Elmira, NY MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment