NAICS 53

Real Estate and Rental and Leasing in Tennessee: 2026 Market Risk Report

Entry risk 37.2 (Moderate), ranked #18 of 51 states. 8,372 establishments, 44,774 jobs.

Entry Risk Assessment

Entry Risk Score 37.2
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Moderate

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

The real estate and rental and leasing sector in Tennessee is tracking close to the U.S. baseline, with no extreme signals in volatility, saturation, or wage pressure. Entry conditions are within the national median range.

5-Year Firm Retention
41.2%
Percentile within industry
Rank #31 of 51 states
Growth Momentum
↑ 59.4
Scale of 0-100
Rank #12 of 51 states
Establishment Density
19.6
vs. national average
Rank #18 of 51 states
Market Volatility
24.9
Lower is more stable
Wage Pressure Index
41.5
Labor cost pressure

8,372 Establishments in Tennessee

8,372
Establishments
+3.8% YoY
44,774
Total Employment
+0.1% YoY
$70,922
Average Annual Wage
+3.3% YoY

Tennessee vs National Real Estate and Rental and Leasing Average

How Tennessee's real estate and rental and leasing market compares to the national average across all 51 states.

Metric TN National Difference
Entry Risk Score 37.2 40.5 -3.3
5-Year Retention 41.2% 51.0% -9.8
Growth Momentum 59.4 39.4 +20.0
Market Volatility 24.9 22.1 +2.8
Establishment Density 19.6 34.1 -14.5
Wage Pressure 41.5 45.1 -3.6

Green = favorable vs national average. Red = less favorable. Metrics are relative within real estate and rental and leasing only.

Tennessee Ranks #18 of 51 for Real Estate and Rental and Leasing

Tennessee ranks #18 out of 51 states for real estate and rental and leasing market entry conditions.

Real Estate and Rental and Leasing Entry Risk by State

Rank State Risk Score Classification
#1 Pennsylvania 24.5 low
#2 Wisconsin 26.0 low
#3 Nebraska 26.3 low
#4 South Dakota 26.4 low
#5 Massachusetts 27.7 low
#18 Tennessee You 37.2 moderate
Entry Risk by State Alaska — 34.9 · #15 Alabama — 31.9 · #13 Arkansas — 30.5 · #12 Arizona — 52.4 · #46 California — 47.1 · #39 Colorado — 52.1 · #44 Connecticut — 45.9 · #37 District of Columbia — 38.5 · #24 Delaware — 53.2 · #47 Florida — 54.7 · #49 Georgia — 51.6 · #43 Hawaii — 60.3 · #50 Iowa — 35.6 · #16 Idaho — 43.4 · #32 Illinois — 44.3 · #33 Indiana — 30.2 · #10 Kansas — 41.4 · #29 Kentucky — 30.3 · #11 Louisiana — 44.5 · #34 Massachusetts — 27.7 · #5 Maryland — 50.4 · #42 Maine — 28.3 · #6 Michigan — 39.3 · #26 Minnesota — 42.1 · #31 Missouri — 39.2 · #25 Mississippi — 30.0 · #8 Montana — 37.5 · #20 North Carolina — 38.1 · #23 North Dakota — 54.3 · #48 Nebraska — 26.3 · #3 New Hampshire — 29.6 · #7 New Jersey — 37.3 · #19 New Mexico — 52.3 · #45 Nevada — 61.9 · #51 New York — 37.6 · #21 Ohio — 33.2 · #14 Oklahoma — 42.0 · #30 Oregon — 44.8 · #35 Pennsylvania — 24.5 · #1 Rhode Island — 37.8 · #22 South Carolina — 44.9 · #36 South Dakota — 26.4 · #4 Tennessee — 37.2 · #18 Texas — 41.4 · #28 Utah — 46.6 · #38 Virginia — 35.6 · #17 Vermont — 30.1 · #9 Washington — 48.0 · #40 Wisconsin — 26.0 · #2 West Virginia — 40.6 · #27 Wyoming — 49.6 · #41
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does Tennessee stack up against other states for real estate and rental and leasing?

Select a state above to see the comparison

Real Estate and Rental and Leasing in Neighboring States

How Tennessee's real estate and rental and leasing market compares to bordering states.

Mississippi 30.0 #8/51 Kentucky 30.3 #11/51 Arkansas 30.5 #12/51 Alabama 31.9 #13/51 Virginia 35.6 #17/51 North Carolina 38.1 #23/51 Missouri 39.2 #25/51 Georgia 51.6 #43/51

Other Industries in Tennessee

Construction → Healthcare and Social Assistance → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Finance and Insurance → Administrative and Support Services → Information → Other Services →