NAICS 53

Real Estate and Rental and Leasing in North Dakota: 2026 Market Risk Report

Entry risk 54.3 (Elevated), ranked #48 of 51 states. 1,142 establishments, 5,337 jobs.

Entry Risk Assessment

Entry Risk Score 54.3
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

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

North Dakota's real estate and rental and leasing market shows elevated cyclicality, with a volatility index of 58.0. Employment and establishment counts have historically shown larger year-over-year variance than the national average.

5-Year Firm Retention
37.3%
Percentile within industry
Rank #33 of 51 states
Growth Momentum
29.7
Scale of 0-100
Rank #32 of 51 states
Establishment Density
35.0
vs. national average
Rank #32 of 51 states
Market Volatility
58.0
Lower is more stable
Wage Pressure Index
43.9
Labor cost pressure

1,142 Establishments in North Dakota

1,142
Establishments
-0.8% YoY
5,337
Total Employment
+0.9% YoY
$68,353
Average Annual Wage
+3.5% YoY

North Dakota vs National Real Estate and Rental and Leasing Average

How North Dakota's real estate and rental and leasing market compares to the national average across all 51 states.

Metric ND National Difference
Entry Risk Score 54.3 40.5 +13.8
5-Year Retention 37.3% 51.0% -13.8
Growth Momentum 29.7 39.4 -9.7
Market Volatility 58.0 22.1 +35.9
Establishment Density 35.0 34.1 +0.9
Wage Pressure 43.9 45.1 -1.2

Green = favorable vs national average. Red = less favorable. Metrics are relative within real estate and rental and leasing only.

North Dakota Ranks #48 of 51 for Real Estate and Rental and Leasing

North Dakota ranks #48 out of 51 states for real estate and rental and leasing market entry conditions.

Real Estate and Rental and Leasing Entry Risk by State

Rank State Risk Score Classification
#1 Pennsylvania 24.5 low
#2 Wisconsin 26.0 low
#3 Nebraska 26.3 low
#4 South Dakota 26.4 low
#5 Massachusetts 27.7 low
#48 North Dakota You 54.3 elevated
Entry Risk by State Alaska — 34.9 · #15 Alabama — 31.9 · #13 Arkansas — 30.5 · #12 Arizona — 52.4 · #46 California — 47.1 · #39 Colorado — 52.1 · #44 Connecticut — 45.9 · #37 District of Columbia — 38.5 · #24 Delaware — 53.2 · #47 Florida — 54.7 · #49 Georgia — 51.6 · #43 Hawaii — 60.3 · #50 Iowa — 35.6 · #16 Idaho — 43.4 · #32 Illinois — 44.3 · #33 Indiana — 30.2 · #10 Kansas — 41.4 · #29 Kentucky — 30.3 · #11 Louisiana — 44.5 · #34 Massachusetts — 27.7 · #5 Maryland — 50.4 · #42 Maine — 28.3 · #6 Michigan — 39.3 · #26 Minnesota — 42.1 · #31 Missouri — 39.2 · #25 Mississippi — 30.0 · #8 Montana — 37.5 · #20 North Carolina — 38.1 · #23 North Dakota — 54.3 · #48 Nebraska — 26.3 · #3 New Hampshire — 29.6 · #7 New Jersey — 37.3 · #19 New Mexico — 52.3 · #45 Nevada — 61.9 · #51 New York — 37.6 · #21 Ohio — 33.2 · #14 Oklahoma — 42.0 · #30 Oregon — 44.8 · #35 Pennsylvania — 24.5 · #1 Rhode Island — 37.8 · #22 South Carolina — 44.9 · #36 South Dakota — 26.4 · #4 Tennessee — 37.2 · #18 Texas — 41.4 · #28 Utah — 46.6 · #38 Virginia — 35.6 · #17 Vermont — 30.1 · #9 Washington — 48.0 · #40 Wisconsin — 26.0 · #2 West Virginia — 40.6 · #27 Wyoming — 49.6 · #41
Low Moderate Elevated High

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About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does North Dakota stack up against other states for real estate and rental and leasing?

Select a state above to see the comparison

Real Estate and Rental and Leasing in Neighboring States

How North Dakota's real estate and rental and leasing market compares to bordering states.

South Dakota 26.4 #4/51 Montana 37.5 #20/51 Minnesota 42.1 #31/51

Other Industries in North Dakota

Construction → Healthcare and Social Assistance → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Finance and Insurance → Administrative and Support Services → Information → Other Services →