Real Estate and Rental and Leasing ·NAICS 5321

2026 data Public-data reference. IRS SOI · Census CBP · 2023 Below Average margin

Real Estate and Rental and Leasing — Industry Benchmarks

Profit margins, payroll, employment, and SBA lending for Real Estate and Rental and Leasing (NAICS 5321). Cross-checked against IRS SOI 2023 and Census County Business Patterns. Refreshed as new data lands.

Real Estate and Rental and Leasing (NAICS 5321) operates at a 2.6% net profit margin, significantly below average, typical of high-volume, low-margin sectors. The industry generates $61.8B in total annual receipts across all business entities filing federal tax returns.

Benchmarking Insights for Real Estate and Rental and Leasing

When you read the 2.6% net profit margin for Real Estate and Rental and Leasing, the number only becomes actionable when paired with scale. This industry sits inside the broader Real Estate and Rental and Leasing sector and reports $61.8B of aggregate annual receipts across 36,427 federal tax returns. Owners comparing their own books should read the margin as a midpoint — smaller operators typically run several points below the aggregate because fixed overhead (rent, software, insurance) consumes a larger share of lower revenue bases, while the typical establishment here generates $1.7B per year. Treat the industry figure as a ceiling calibrated by businesses that have already achieved operating leverage.

Labor economics tell the second half of the story. Census CBP shows 16,466 active establishments employing N/A workers. New Jersey leads the geographic distribution of employment, with Ohio and Missouri rounding out the top three concentrations. Headcount density matters because thin-margin industries only clear the cash-flow bar when establishments reach the staffing level where fixed costs amortize — a useful cross-check against the margin line above.

Capital access is the third lens. SBA 7(a) and 504 approvals for this industry totaled 433 loans worth $147 million between FY2020 and FY2025, supporting 1,869 jobs at origination. The average ticket size — $340K — signals the typical capital gap operators bridge when expanding. Wells Fargo Bank National Association ranks as the most active SBA lender serving this NAICS code. Use this alongside the IRS and Census figures to decide whether your own plan should target operational efficiency, workforce expansion, or financed growth.

Profit Margin

2.6%

Net income ÷ total receipts (IRS SOI)

Total Receipts

$61.8B

Annual revenue (IRS SOI)

Net Income

$1.6B

Pre-tax net income

Employment

N/A

Total employees (Census CBP)

Avg Payroll / Employee

N/A

Annual compensation

Establishments

16,466

Business locations

Where each dollar of revenue goes

Decomposition of every dollar of Real Estate and Rental and Leasing receipts using IRS SOI 2023 aggregate ratios.

Margin position vs national reference points

Real Estate and Rental and Leasing net margin 8.8%
US median (10%)

Plotted against a 0–30% scale. The US business p25 / median / p75 reference points are 5% / 10% / 18% respectively (IRS SOI aggregate).

Business Structure Breakdown

How businesses in this industry are legally structured (IRS SOI)

C Corporation
6,229 returns 17%

Margin: 3.0% · Receipts: $59.9B

Sole Proprietorship
30,198 returns 83%

Margin: -9.9% · Receipts: $1.9B

Financial Detail

Total Tax Returns Filed
36,427
Total Deductions
N/A
Avg Receipts per Business
$1.7B
Annual Payroll (Total)
N/A
Avg Employees per Establishment
N/A

Sub-Industries

Industry Profit Margin
Real Estate and Rental and Leasing

NAICS 53211

N/A
Real Estate and Rental and Leasing

NAICS 53212

N/A

Top States by Employment

State Employment
New Jersey 6,627
Ohio 6,610
Missouri 3,322
Minnesota 2,722
Nebraska 816
Alaska 767

Showing top 10 of 51 states

SBA Lending Activity

FY2020–2025

Small Business Administration 7(a) and 504 loan data for this industry. Source: SBA FOIA dataset.

SBA Loans Approved

433

FY2020–2025

Total Loan Volume

$147M

7(a) + 504 programs

Avg Loan Size

$340K

Per approved loan

Jobs Supported

1,869

Reported at origination

Program Breakdown

7(a) Loans 406 loans (94%)
504 Loans 27 loans (6%)

Top SBA Lender

Wells Fargo Bank National Association

50 loans in this industry

New Business Share

44.8% of borrowers were new/startup businesses

Annual Lending Trend

FY2020
36 loans
FY2021
59 loans
FY2022
52 loans
FY2023
84 loans
FY2024
88 loans
FY2025
99 loans
FY2026
15 loans

SBA fiscal year runs Oct–Sep. FY2025 = partial year through Sep 2025.

Source: SBA 7(a) and 504 FOIA dataset · FY2020–FY2025 · View SBA lending rankings →

Frequently Asked Questions

What is the average revenue for Real Estate and Rental and Leasing?
The Real Estate and Rental and Leasing industry (NAICS 5321) reports total annual receipts of $61.8B across all business entities, based on IRS Statistics of Income data. The average revenue per business is $1.7B.
How profitable is Real Estate and Rental and Leasing?
Real Estate and Rental and Leasing has a net profit margin of 2.6%, which is significantly below average, typical of high-volume, low-margin sectors. This is calculated as net income divided by total receipts from IRS SOI business tax statistics.
How many businesses are in Real Estate and Rental and Leasing?
There are 16,466 business establishments in Real Estate and Rental and Leasing (NAICS 5321) according to Census Bureau County Business Patterns 2023 data.
What is the average payroll per employee in Real Estate and Rental and Leasing?
Average payroll data for Real Estate and Rental and Leasing is not available in the current Census CBP dataset.
Which states have the most Real Estate and Rental and Leasing employment?
New Jersey leads in Real Estate and Rental and Leasing employment with 6,627 workers. Ohio (6,610) and Missouri (3,322) round out the top three. These figures come from the Census Bureau County Business Patterns 2023 survey.
How much SBA lending does Real Estate and Rental and Leasing receive?
Real Estate and Rental and Leasing businesses received 433 SBA loans totaling $147 million between FY2020 and FY2025. The average loan size was $340K. These loans supported 1,869 jobs at origination. Most lending (94%) came through the SBA 7(a) program.
Disclaimer: PlainBizBench provides publicly available IRS and Census data for informational purposes only. This is not financial, tax, or business advice. Consult a qualified accountant or financial advisor for business-specific guidance.

Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023

NAICS 5321 · Data year: 2023

Related

Data sourced from official public datasets. See our methodology for details. Retrieved and formatted by PlainBizBench Editorial

Source: U.S. Census Bureau — County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2025