NAICS 53

Real Estate and Rental and Leasing in Altoona, PA

Metro Market Score 35.8 (Moderate), ranked #106 of 330 metros. 114 establishments, 484 jobs.

Metro Market Score 35.8

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.

Real Estate and Rental and Leasing wages in Altoona run well below the metro average (competitiveness index: 23.6), and year-over-year wage pressure is low at 19.9. For labor-intensive operations, this cost advantage could improve unit economics significantly.

Industry Concentration

15.8

LQ: 0.54

Rank #52 of 330 metros

Wage Competitiveness

23.6

$49,313 avg wage

Growth Trend

↓ 26.7

Employment growth index

Rank #243 of 330 metros

Wage Pressure

19.9

YoY wage change index

114 Real Estate and Rental and Leasing Firms in Altoona

114

Establishments

-1.7% YoY

484

Total Employment

-2.0% YoY

$49,313

Average Annual Wage

+5.7% YoY

0.54

Location Quotient

Below national avg

Within Pennsylvania

#7 of 14

real estate and rental and leasing metros in state

Pennsylvania state rank

#1 of 51

for real estate and rental and leasing entry risk

vs State Median

-2.7

better than median (38.5)

Altoona vs Pennsylvania Statewide

How this metro's real estate and rental and leasing market compares to Pennsylvania overall. The state ranks #1/51 for entry risk.

Measure	Altoona	PA Statewide
Overall Score	35.8 Moderate	24.5 Low
Score Type	Metro Market Score	Entry Risk Score
Rank	#106 of 330 metros	#1 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 Altoona

Professional, Scientific, and Technical Services 21.4 Construction 29.8 Accommodation and Food Services 42.1 Administrative and Support Services 43.1 Finance and Insurance 44.1 Information 46.0 Healthcare and Social Assistance 49.9 Retail Trade 51.7 Other Services 53.6

Real Estate and Rental and Leasing in Other Pennsylvania Metros

Lebanon 13.4 #6/330 Erie 17.6 #16/330 Scranton--Wilkes-Barre 18.4 #18/330 Johnstown 22.0 #31/330 Chambersburg 29.3 #62/330 Lancaster 35.8 #105/330 State College 38.5 #122/330 York-Hanover 44.3 #179/330 Gettysburg 48.2 #205/330 Williamsport 51.2 #224/330

+ 3 more metros. View all in Pennsylvania →

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Altoona's 35.8 score. Useful when comparing markets with comparable entry profiles.

Modesto, CA 35.8 #104/330 Lancaster, PA 35.8 #105/330 Springfield, OH 36.0 #107/330 Lexington Park, MD 35.6 #103/330 Janesville-Beloit, WI 35.5 #102/330 Carson City, NV 36.2 #108/330 Tallahassee, FL 35.4 #101/330 Ithaca, NY 36.4 #109/330 Mount Vernon-Anacortes, WA 35.2 #100/330 Amherst Town-Northampton, MA 35.1 #99/330

Real Estate and Rental and Leasing in States Bordering Pennsylvania

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

Ohio 33.2 #14/51 New Jersey 37.3 #19/51 New York 37.6 #21/51 West Virginia 40.6 #27/51 Maryland 50.4 #42/51 Delaware 53.2 #47/51

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 Altoona's real estate and rental and leasing sector, the employment growth component (73.3) 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 Altoona, PA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment