NAICS 53

Real Estate and Rental and Leasing in State College, PA

Metro Market Score 38.5 (Moderate), ranked #122 of 330 metros. 164 establishments, 977 jobs.

Metro Market Score 38.5

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.

📈Rapid Growth

State College ranks in the upper half for real estate and rental and leasing market conditions, driven by above-average employment growth. With a market score of 38.5, conditions are relatively favorable compared to most metros.

Industry Concentration

68.8

LQ: 0.92

Rank #227 of 330 metros

Wage Competitiveness

43.6

$53,438 avg wage

Growth Trend

↑ 76.4

Employment growth index

Rank #79 of 330 metros

Wage Pressure

16.6

YoY wage change index

164 Real Estate and Rental and Leasing Firms in State College

164

Establishments

+3.8% YoY

977

Total Employment

+4.0% YoY

$53,438

Average Annual Wage

+3.2% YoY

0.92

Location Quotient

Below national avg

Within Pennsylvania

#8 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

0.0

matches median (38.5)

State College 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	State College	PA Statewide
Overall Score	38.5 Moderate	24.5 Low
Score Type	Metro Market Score	Entry Risk Score
Rank	#122 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 State College

Other Services 30.2 Administrative and Support Services 40.5 Accommodation and Food Services 41.8 Construction 46.0 Information 48.3 Retail Trade 48.9 Finance and Insurance 49.5 Healthcare and Social Assistance 54.1 Professional, Scientific, and Technical Services 59.6

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 Altoona 35.8 #106/330 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 State College's 38.5 score. Useful when comparing markets with comparable entry profiles.

Rockford, IL 38.5 #123/330 Mansfield, OH 38.5 #124/330 Traverse City, MI 38.5 #121/330 Cheyenne, WY 38.6 #125/330 Hickory-Lenoir-Morganton, NC 38.4 #120/330 Palm Bay-Melbourne-Titusville, FL 38.7 #126/330 South Bend-Mishawaka, IN 38.7 #127/330 Blacksburg-Christiansburg-Radford, VA 38.7 #128/330 Pensacola-Ferry Pass-Brent, FL 38.8 #129/330 Merced, CA 38.3 #119/330

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 State College's real estate and rental and leasing sector, the industry concentration component (68.8) 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 State College, PA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment