NAICS 53

Real Estate and Rental and Leasing in Grand Forks, ND

Metro Market Score 23.1 (Favorable), ranked #37 of 330 metros. 96 establishments, 569 jobs.

Metro Market Score 23.1

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.

📈Rapid Growth✓Favorable Market

Employment in Grand Forks's real estate and rental and leasing sector grew faster than most metros last year, pushing its growth trend index to 76.1. Combined with a 23.1 market score, this metro sits in the top quartile for overall conditions.

Industry Concentration

36.7

LQ: 0.69

Rank #121 of 330 metros

Wage Competitiveness

12.7

$46,199 avg wage

Growth Trend

↑ 76.1

Employment growth index

Rank #80 of 330 metros

Wage Pressure

17.9

YoY wage change index

96 Real Estate and Rental and Leasing Firms in Grand Forks

Establishments

+2.1% YoY

569

Total Employment

+4.0% YoY

$46,199

Average Annual Wage

+4.2% YoY

0.69

Location Quotient

Below national avg

Within North Dakota

#1 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

-7.0

better than median (30.1)

Grand Forks 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	Grand Forks	ND Statewide
Overall Score	23.1 Favorable	54.3 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#37 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 Grand Forks

Finance and Insurance 38.1 Professional, Scientific, and Technical Services 42.0 Accommodation and Food Services 43.1 Construction 45.5 Retail Trade 47.2 Other Services 47.6 Information 62.6 Healthcare and Social Assistance 68.2

Real Estate and Rental and Leasing in Other North Dakota Metros

Bismarck 30.1 #70/330 Fargo 54.2 #245/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Grand Forks's 23.1 score. Useful when comparing markets with comparable entry profiles.

Bay City, MI 23.0 #36/330 Sebring, FL 22.7 #35/330 Pocatello, ID 22.6 #34/330 El Centro, CA 22.5 #33/330 Glens Falls, NY 22.3 #32/330 Johnstown, PA 22.0 #31/330 Pueblo, CO 24.2 #38/330 Decatur, IL 24.3 #39/330 Great Falls, MT 24.5 #40/330 Yuma, AZ 24.6 #41/330

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 Grand Forks's real estate and rental and leasing sector, the industry concentration component (36.7) 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 Grand Forks, ND-MN MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment