Offices of Real Estate Appraisers
Key Figures
Figures are published for NAICS 531320 directly.
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Official definition
This industry comprises establishments primarily engaged in estimating the fair market value of real estate.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
Real estate appraisers estimate the fair market value of properties, whereas real estate property managers handle ongoing operational responsibilities such as rent collection, maintenance, and security for properties owned by others. Establishments that appraise real estate are classified in this industry regardless of whether they provide property management or other ancillary services; the distinguishing factor is that their primary activity is valuation rather than day-to-day property administration.
Where this sits
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 real estate statistics from the federal record: 163,894 brokerage offices, sector employment and Economic Census receipts — with the association-sourced