Residential Property Managers
Key Figures
Figures are published for NAICS 531311 directly.
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Official definition
This U.S. industry comprises establishments primarily engaged in managing residential real estate for others.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
Residential Property Managers manage residential real estate for others, handling activities such as rent collection and oversight of maintenance and security services. The boundary between this code and Nonresidential Property Managers turns on the type of property being managed. Establishments managing residential properties are classified here, while those managing nonresidential real estate are classified in Nonresidential Property Managers.
Where this sits
Related classifications
Related guides
The average US property manager charges 8.49% of monthly rent (iPropertyManagement). See the full fee stack, flat vs percentage, and how to judge a quote.
US property management employs 707.7K across 78.9K establishments. Residential vs commercial, PropTech, fee pressure, consolidation, and the 2026 outlook.
US real estate statistics from the federal record: 163,894 brokerage offices, sector employment and Economic Census receipts — with the association-sourced