NAICS 53

Real Estate and Rental and Leasing in Watertown-Fort Drum, NY

Metro Market Score 50.5 (Challenging), ranked #218 of 330 metros. 123 establishments, 657 jobs.

Metro Market Score 50.5

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 #218 of 330 metros, Watertown-Fort Drum's real estate and rental and leasing sector scores 50.5 on the market index. Concentration (82.1), wage levels (25.1), and growth (35.1) all track close to the median. Local factors like lease costs and client access will matter more than macro signals.

Industry Concentration

82.1

LQ: 1.05

Rank #271 of 330 metros

Wage Competitiveness

25.1

$49,654 avg wage

Growth Trend

↓ 35.1

Employment growth index

Rank #215 of 330 metros

Wage Pressure

21.1

YoY wage change index

123 Real Estate and Rental and Leasing Firms in Watertown-Fort Drum

123

Establishments

+1.7% YoY

657

Total Employment

-0.6% YoY

$49,654

Average Annual Wage

+6.6% YoY

1.05

Location Quotient

Above national avg

Within New York

#9 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

+6.6

worse than median (43.9)

Watertown-Fort Drum 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	Watertown-Fort Drum	NY Statewide
Overall Score	50.5 Challenging	37.6 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#218 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 Watertown-Fort Drum

Professional, Scientific, and Technical Services 21.9 Finance and Insurance 33.6 Information 38.7 Construction 42.6 Other Services 48.6 Healthcare and Social Assistance 50.3 Administrative and Support Services 53.5 Accommodation and Food Services 67.0 Retail Trade 74.3

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 Elmira 43.5 #173/330 Syracuse 43.9 #174/330 Albany-Schenectady-Troy 47.2 #193/330 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 Watertown-Fort Drum's 50.5 score. Useful when comparing markets with comparable entry profiles.

Jonesboro, AR 50.5 #219/330 Louisville-Jefferson County, KY 50.6 #220/330 Gainesville, FL 50.8 #221/330 Anchorage, AK 50.1 #217/330 Hinesville, GA 50.9 #222/330 Youngstown-Warren, OH 50.9 #223/330 College Station-Bryan, TX 50.0 #216/330 Williamsport, PA 51.2 #224/330 San Antonio-New Braunfels, TX 49.6 #215/330 Burlington-South Burlington, VT 51.5 #225/330

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 Watertown-Fort Drum's real estate and rental and leasing sector, the industry concentration component (82.1) 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 Watertown-Fort Drum, NY MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment