NAICS 53

Real Estate and Rental and Leasing in Spartanburg, SC

Metro Market Score 58.0 (Challenging), ranked #264 of 330 metros. 353 establishments, 1,566 jobs.

Metro Market Score 58.0

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

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

Spartanburg's real estate and rental and leasing sector saw employment decline over the past year (growth trend: 6.4). That contraction, combined with a 58.0 market score, puts this metro in the bottom quartile for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration

28.2

LQ: 0.62

Rank #93 of 330 metros

Wage Competitiveness

73.3

$62,662 avg wage

Growth Trend

↓ 6.4

Employment growth index

Rank #310 of 330 metros

Wage Pressure

22.8

YoY wage change index

353 Real Estate and Rental and Leasing Firms in Spartanburg

353

Establishments

+7.0% YoY

1,566

Total Employment

-8.0% YoY

$62,662

Average Annual Wage

+7.9% YoY

0.62

Location Quotient

Below national avg

Within South Carolina

#4 of 7

real estate and rental and leasing metros in state

South Carolina state rank

#36 of 51

for real estate and rental and leasing entry risk

vs State Median

0.0

matches median (58.0)

Spartanburg vs South Carolina Statewide

How this metro's real estate and rental and leasing market compares to South Carolina overall. The state ranks #36/51 for entry risk.

Measure	Spartanburg	SC Statewide
Overall Score	58.0 Challenging	44.9 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#264 of 330 metros	#36 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 Spartanburg

Finance and Insurance 27.9 Professional, Scientific, and Technical Services 28.8 Healthcare and Social Assistance 30.4 Retail Trade 34.1 Construction 37.5 Administrative and Support Services 54.1

Real Estate and Rental and Leasing in Other South Carolina Metros

Florence 34.7 #95/330 Sumter 37.1 #111/330 Greenville-Anderson-Greer 40.9 #151/330 Hilton Head Island-Bluffton-Port Royal 59.9 #273/330 Charleston-North Charleston 62.7 #292/330 Myrtle Beach-Conway-North Myrtle Beach 64.2 #296/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Spartanburg's 58.0 score. Useful when comparing markets with comparable entry profiles.

North Port-Bradenton-Sarasota, FL 58.0 #263/330 Greensboro-High Point, NC 58.0 #262/330 Cleveland, OH 58.1 #265/330 Lake Charles, LA 58.2 #266/330 Baltimore-Columbia-Towson, MD 58.6 #267/330 Charlottesville, VA 57.3 #261/330 Wenatchee-East Wenatchee, WA 57.0 #260/330 Champaign-Urbana, IL 59.2 #268/330 Wildwood-The Villages, FL 59.2 #269/330 Harrisburg-Carlisle, PA 56.7 #259/330

Real Estate and Rental and Leasing in States Bordering South Carolina

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

North Carolina 38.1 #23/51 Georgia 51.6 #43/51

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 Spartanburg's real estate and rental and leasing sector, the employment growth component (93.6) 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 Spartanburg, SC MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment