NAICS 53

Real Estate and Rental and Leasing in Erie, PA

Metro Market Score 17.6 (Favorable), ranked #16 of 330 metros. 182 establishments, 947 jobs.

Metro Market Score 17.6

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.

✓Favorable Market🌱Emerging Market

Employment in Erie's real estate and rental and leasing sector grew faster than most metros last year, pushing its growth trend index to 73.6. Combined with a 17.6 market score, this metro sits in the top 10% for overall conditions.

Industry Concentration

11.8

LQ: 0.51

Rank #39 of 330 metros

Wage Competitiveness

11.2

$45,851 avg wage

Growth Trend

↑ 73.6

Employment growth index

Rank #88 of 330 metros

Wage Pressure

19.8

YoY wage change index

182 Real Estate and Rental and Leasing Firms in Erie

182

Establishments

+3.4% YoY

947

Total Employment

+3.5% YoY

$45,851

Average Annual Wage

+5.6% YoY

0.51

Location Quotient

Below national avg

Within Pennsylvania

#2 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

-20.9

better than median (38.5)

Erie 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	Erie	PA Statewide
Overall Score	17.6 Favorable	24.5 Low
Score Type	Metro Market Score	Entry Risk Score
Rank	#16 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 Erie

Professional, Scientific, and Technical Services 30.6 Information 32.4 Construction 36.6 Administrative and Support Services 41.5 Accommodation and Food Services 49.0 Retail Trade 49.3 Finance and Insurance 49.5 Healthcare and Social Assistance 54.3 Other Services 55.7

Real Estate and Rental and Leasing in Other Pennsylvania Metros

Lebanon 13.4 #6/330 Scranton--Wilkes-Barre 18.4 #18/330 Johnstown 22.0 #31/330 Chambersburg 29.3 #62/330 Lancaster 35.8 #105/330 Altoona 35.8 #106/330 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 Erie's 17.6 score. Useful when comparing markets with comparable entry profiles.

Brownsville-Harlingen, TX 17.3 #15/330 Eau Claire, WI 17.3 #14/330 Green Bay, WI 17.2 #13/330 Decatur, AL 18.2 #17/330 Albany, OR 17.1 #12/330 Scranton--Wilkes-Barre, PA 18.4 #18/330 Anniston-Oxford, AL 18.4 #19/330 McAllen-Edinburg-Mission, TX 18.6 #20/330 Farmington, NM 18.6 #21/330 Warner Robins, GA 18.7 #22/330

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 Erie's real estate and rental and leasing sector, the employment growth component (26.4) 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 Erie, PA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment