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 Assessment

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

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

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

Data period: 2024. Last updated: April 2026.