NAICS 53

Real Estate and Rental and Leasing in Cleveland, TN

Metro Market Score 15.9 (Favorable), ranked #11 of 330 metros. 101 establishments, 407 jobs.

Metro Market Assessment

Metro Market Score 15.9
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.

📈Rapid Growth✓Favorable Market🌱Emerging Market

Cleveland ranks in the top 10% for real estate and rental and leasing market conditions, driven by above-average employment growth. With a market score of 15.9, conditions are relatively favorable compared to most metros.

Industry Concentration
24.6
LQ: 0.60
Rank #81 of 330 metros
Wage Competitiveness
13.3
$46,359 avg wage
Growth Trend
↑ 90.3
Employment growth index
Rank #33 of 330 metros
Wage Pressure
17.8
YoY wage change index

101 Real Estate and Rental and Leasing Firms in Cleveland

101
Establishments
+3.1% YoY
407
Total Employment
+8.0% YoY
$46,359
Average Annual Wage
+4.1% YoY
0.60
Location Quotient
Below national avg

Cleveland vs Tennessee Statewide

How this metro's real estate and rental and leasing market compares to Tennessee overall. The state ranks #18/51 for entry risk.

Measure Cleveland TN Statewide
Overall Score 15.9 Favorable 37.2 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #11 of 330 metros #18 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 Cleveland

Information 20.5 Finance and Insurance 32.1 Accommodation and Food Services 45.0 Retail Trade 47.2 Professional, Scientific, and Technical Services 47.7 Other Services 52.3 Construction 57.5 Administrative and Support Services 60.4

Real Estate and Rental and Leasing in Other Tennessee Metros

Kingsport-Bristol 13.8 #7/330 Jackson 27.7 #55/330 Johnson City 28.0 #59/330 Chattanooga 41.4 #155/330 Morristown 44.1 #175/330 Knoxville 51.9 #229/330

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 Cleveland's real estate and rental and leasing sector, the industry concentration component (24.6) 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

Data period: 2024. Last updated: April 2026.