NAICS 53

Real Estate and Rental and Leasing in Blacksburg-Christiansburg-Radford, VA

Metro Market Score 38.7 (Moderate), ranked #128 of 330 metros. 186 establishments, 923 jobs.

Metro Market Assessment

Metro Market Score 38.7
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.

Blacksburg-Christiansburg-Radford pairs above-average real estate and rental and leasing concentration (53.6) with positive employment growth (trend: 50.6). The market is competitive but still expanding, leaving room for well-positioned new entrants.

Industry Concentration
53.6
LQ: 0.81
Rank #177 of 330 metros
Wage Competitiveness
27.3
$50,339 avg wage
Growth Trend
50.6
Employment growth index
Rank #164 of 330 metros
Wage Pressure
18.4
YoY wage change index

186 Real Estate and Rental and Leasing Firms in Blacksburg-Christiansburg-Radford

186
Establishments
-2.1% YoY
923
Total Employment
+0.7% YoY
$50,339
Average Annual Wage
+4.6% YoY
0.81
Location Quotient
Below national avg

Blacksburg-Christiansburg-Radford vs Virginia Statewide

How this metro's real estate and rental and leasing market compares to Virginia overall. The state ranks #17/51 for entry risk.

Measure Blacksburg-Christiansburg-Radford VA Statewide
Overall Score 38.7 Moderate 35.6 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #128 of 330 metros #17 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 Blacksburg-Christiansburg-Radford

Retail Trade 21.5 Finance and Insurance 27.5 Other Services 33.2

Real Estate and Rental and Leasing in Other Virginia Metros

Winchester 28.5 #60/330 Harrisonburg 40.5 #146/330 Staunton-Stuarts Draft 40.9 #152/330 Charlottesville 57.3 #261/330

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 Blacksburg-Christiansburg-Radford's real estate and rental and leasing sector, the employment growth component (49.4) 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.