NAICS 53

Real Estate and Rental and Leasing in Bismarck, ND

Metro Market Score 30.1 (Favorable), ranked #70 of 330 metros. 203 establishments, 639 jobs.

Metro Market Score 30.1

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

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

🌱Emerging Market

Bismarck has a relatively low concentration of real estate and rental and leasing firms (index: 21.5) paired with positive employment growth. This suggests an underpenetrated market where demand may outpace current supply.

Industry Concentration

21.5

LQ: 0.58

Rank #71 of 330 metros

Wage Competitiveness

33.6

$51,408 avg wage

Growth Trend

↑ 56.4

Employment growth index

Rank #145 of 330 metros

Wage Pressure

16.1

YoY wage change index

203 Real Estate and Rental and Leasing Firms in Bismarck

203

Establishments

-7.3% YoY

639

Total Employment

+1.1% YoY

$51,408

Average Annual Wage

+2.9% YoY

0.58

Location Quotient

Below national avg

Within North Dakota

#2 of 3

real estate and rental and leasing metros in state

North Dakota state rank

#48 of 51

for real estate and rental and leasing entry risk

vs State Median

0.0

matches median (30.1)

Bismarck vs North Dakota Statewide

How this metro's real estate and rental and leasing market compares to North Dakota overall. The state ranks #48/51 for entry risk.

Measure	Bismarck	ND Statewide
Overall Score	30.1 Favorable	54.3 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#70 of 330 metros	#48 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 Bismarck

Information 38.4 Finance and Insurance 57.3

Real Estate and Rental and Leasing in Other North Dakota Metros

Grand Forks 23.1 #37/330 Fargo 54.2 #245/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Bismarck's 30.1 score. Useful when comparing markets with comparable entry profiles.

Grand Rapids-Wyoming-Kentwood, MI 30.2 #71/330 Fresno, CA 30.3 #72/330 Lewiston-Auburn, ME 29.9 #69/330 Lake Havasu City-Kingman, AZ 29.9 #68/330 Hanford-Corcoran, CA 29.8 #67/330 Albany, GA 30.4 #73/330 Goldsboro, NC 29.8 #66/330 Oshkosh-Neenah, WI 29.7 #65/330 Duluth, MN 30.6 #74/330 Sioux City, IA 29.5 #63/330

Real Estate and Rental and Leasing in States Bordering North Dakota

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

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

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 Bismarck's real estate and rental and leasing sector, the employment growth component (43.6) 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 Bismarck, ND MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment