NAICS 53

Real Estate and Rental and Leasing in Charlottesville, VA

Metro Market Score 57.3 (Challenging), ranked #261 of 330 metros. 396 establishments, 1,807 jobs.

Metro Market Score 57.3

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.

Market conditions for real estate and rental and leasing in Charlottesville are tougher than average. The 57.3 market score reflects a combination of high labor costs, mixed growth signals, and an already crowded field. Rank: #261 of 330 metros.

Industry Concentration

78.8

LQ: 1.02

Rank #260 of 330 metros

Wage Competitiveness

74.8

$63,619 avg wage

Growth Trend

48.2

Employment growth index

Rank #172 of 330 metros

Wage Pressure

16.8

YoY wage change index

396 Real Estate and Rental and Leasing Firms in Charlottesville

396

Establishments

-1.7% YoY

1,807

Total Employment

+0.4% YoY

$63,619

Average Annual Wage

+3.4% YoY

1.02

Location Quotient

Above national avg

Within Virginia

#5 of 5

real estate and rental and leasing metros in state

Virginia state rank

#17 of 51

for real estate and rental and leasing entry risk

vs State Median

+16.9

worse than median (40.5)

Charlottesville 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	Charlottesville	VA Statewide
Overall Score	57.3 Challenging	35.6 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#261 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 Charlottesville

Construction 52.9 Finance and Insurance 57.0 Information 57.1 Retail Trade 59.8 Accommodation and Food Services 66.9 Other Services 68.6

Real Estate and Rental and Leasing in Other Virginia Metros

Winchester 28.5 #60/330 Blacksburg-Christiansburg-Radford 38.7 #128/330 Harrisonburg 40.5 #146/330 Staunton-Stuarts Draft 40.9 #152/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Charlottesville's 57.3 score. Useful when comparing markets with comparable entry profiles.

Wenatchee-East Wenatchee, WA 57.0 #260/330 Harrisburg-Carlisle, PA 56.7 #259/330 Salt Lake City-Murray, UT 56.7 #258/330 Greensboro-High Point, NC 58.0 #262/330 North Port-Bradenton-Sarasota, FL 58.0 #263/330 Spartanburg, SC 58.0 #264/330 Hartford-West Hartford-East Hartford, CT 56.6 #257/330 Cleveland, OH 58.1 #265/330 Lake Charles, LA 58.2 #266/330 Spokane-Spokane Valley, WA 56.4 #256/330

Real Estate and Rental and Leasing in States Bordering Virginia

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

Kentucky 30.3 #11/51 Tennessee 37.2 #18/51 North Carolina 38.1 #23/51 District of Columbia 38.5 #24/51 West Virginia 40.6 #27/51 Maryland 50.4 #42/51

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 Charlottesville's real estate and rental and leasing sector, the industry concentration component (78.8) 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 Charlottesville, VA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment