NAICS 53

Real Estate and Rental and Leasing in Provo-Orem-Lehi, UT

Metro Market Score 52.1 (Challenging), ranked #232 of 330 metros. 1,106 establishments, 3,905 jobs.

Metro Market Assessment

Metro Market Score 52.1
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.

Provo-Orem-Lehi's real estate and rental and leasing market sits near the national metro median, ranking #232 of 330 with a market score of 52.1. No single metric stands out as an outlier, which means entry conditions depend more on your specific business model than on broad market forces.

Industry Concentration
58.8
LQ: 0.84
Rank #194 of 330 metros
Wage Competitiveness
72.4
$62,581 avg wage
Growth Trend
↓ 43.9
Employment growth index
Rank #186 of 330 metros
Wage Pressure
12.3
YoY wage change index

1,106 Real Estate and Rental and Leasing Firms in Provo-Orem-Lehi

1,106
Establishments
+0.9% YoY
3,905
Total Employment
+0.0% YoY
$62,581
Average Annual Wage
+0.0% YoY
0.84
Location Quotient
Below national avg

Provo-Orem-Lehi vs Utah Statewide

How this metro's real estate and rental and leasing market compares to Utah overall. The state ranks #38/51 for entry risk.

Measure Provo-Orem-Lehi UT Statewide
Overall Score 52.1 Challenging 46.6 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #232 of 330 metros #38 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 Provo-Orem-Lehi

Other Services 32.7 Accommodation and Food Services 34.4 Construction 55.1 Information 59.7 Finance and Insurance 69.3 Retail Trade 69.3 Professional, Scientific, and Technical Services 74.0

Real Estate and Rental and Leasing in Other Utah Metros

St. George 28.0 #58/330 Logan 31.6 #77/330 Ogden 44.8 #184/330 Salt Lake City-Murray 56.7 #258/330

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 Provo-Orem-Lehi's real estate and rental and leasing sector, the wage competitiveness component (72.4) 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

Data period: 2024. Last updated: April 2026.