NAICS 53

Real Estate and Rental and Leasing in Ithaca, NY

Metro Market Score 36.4 (Moderate), ranked #109 of 330 metros. 115 establishments, 543 jobs.

Metro Market Score 36.4

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.

Ithaca's real estate and rental and leasing market sits near the national metro median, ranking #109 of 330 with a market score of 36.4. No single metric stands out as an outlier, which means entry conditions depend more on your specific business model than on broad market forces.

Industry Concentration

43.9

LQ: 0.73

Rank #145 of 330 metros

Wage Competitiveness

37.6

$52,121 avg wage

Growth Trend

↑ 58.2

Employment growth index

Rank #139 of 330 metros

Wage Pressure

17.2

YoY wage change index

115 Real Estate and Rental and Leasing Firms in Ithaca

115

Establishments

+0.0% YoY

543

Total Employment

+1.3% YoY

$52,121

Average Annual Wage

+3.7% YoY

0.73

Location Quotient

Below national avg

Within New York

#4 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

-7.6

better than median (43.9)

Ithaca 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	Ithaca	NY Statewide
Overall Score	36.4 Moderate	37.6 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#109 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 Ithaca

Construction 31.6 Retail Trade 34.3 Administrative and Support Services 40.6 Information 54.0 Accommodation and Food Services 54.9 Other Services 60.1 Finance and Insurance 62.4 Professional, Scientific, and Technical Services 65.4

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 Binghamton 40.2 #140/330 Elmira 43.5 #173/330 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 Ithaca's 36.4 score. Useful when comparing markets with comparable entry profiles.

Evansville, IN 36.6 #110/330 Carson City, NV 36.2 #108/330 Springfield, OH 36.0 #107/330 Altoona, PA 35.8 #106/330 Modesto, CA 35.8 #104/330 Lancaster, PA 35.8 #105/330 Sumter, SC 37.1 #111/330 Lexington Park, MD 35.6 #103/330 Lakeland-Winter Haven, FL 37.1 #112/330 Sierra Vista-Douglas, AZ 37.1 #113/330

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 Ithaca's real estate and rental and leasing sector, the employment growth component (41.8) 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 Ithaca, NY MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment