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Property Direction Industry Statistics

Final Updated: Nov 19, 2021

Highlights. The property management manufacture in the Usa generates $88.4 billion in annual revenue and is expected to abound.

The North American property management market place is valued at $five billion.
This marketplace value increased vii.78% over 12 months.
More than than 300,000 holding management companies are registered in the United States.
The national industry employs over 367,000 workers, excluding self-employed managers.
Existent estate generates 16% of the national gross domestic product (GDP).

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Line Graph: National Property Management Industry Annual Market Revenue from 2009 to 2020

National Belongings Management Industry

Data indicate that holding management is still a growth industry.

The industry'due south average annual growth rate for the concluding 5 years has been 2.v%.
North America's property direction market place is valued at $4.99 billion.
That's 35.95% of the global market place, which is valued at $13.88 billion.
North America'due south market value grew 7.78% from 2019 to 2020.
39% of the national industry market share ultimately goes to the property managers themselves.
This is a half-dozen.half-dozen% greater market place share than the global boilerplate, which is 36.six%.
Since December 2003, the producer cost index (PPI) among real estate property managers nationwide has increased 20.0% for an annual growth rate of 1.143%.

most common property management services on iPropertyManagement.com

Property Management Industry Employment

The task market amidst property management is expected to remain stable throughout the 2020s.

220,000 property managers work for property management companies.
That's 59.95% of all working belongings managers.
Their average wage is $35.20 per 60 minutes or $73,210 per twelvemonth.
Median pay is $28.68 per hour or $59,660 per yr.
The everyman paid ten% earn $31,330 per yr while the highest paid earn $134,570 per twelvemonth.
The average entry-level property manager has a high schoolhouse diploma or equivalent.

Line Graph: Property Managers' National Producer Price Indices from December 2003 to December 2020, residential, general real estate, and commercial charts

Residential vs. Commercial Property Management

Residential holding management has seen more industry growth than nonresidential or commercial property management*.

Industry experts look a compound almanac growth rate of 9.3%.
Since December 2003, the industry's PPI has increased 33.3% for an annual growth rate of one.903%.
Since Dec 1995, the PPI for residential property management services has risen 39.ii% for an annual growth rate of 1.537%.
81% of property managers have seen their revenues increment over in the past ii years.
five% of managers saw a decrease in acquirement.
88% of survey respondents expected their revenues to go up in the next two years.
460,000 residential rental units in 2- to 4-unit of measurement buildings take a property manager living on-site.
That's 31.ii% of all residential rental units in two- to iv-unit backdrop.
Commercial rental properties with an owner or manager on-site are nigh likely to take fewer units.

*Residential properties with more than 5 units or tenent groups are oftentimes classified as commercial property.

Grouped Bar Graph: Surveyed Property Managers' Top Priorities, approximately 2,000 property managers in over 50 cities self-reported in 2017 and in 2019

Holding Management Priorities

Holding managers are increasingly concerned about growth and possessor satisfaction, with a declining involvement in residents and property improvements.

80% of property managers are involved in the coordination or performance of maintenance/repairs as well equally hire and fee collections.
More than seventy% of property managers perform holding inspections, annunciate vacancies, and facilitate leases.
47.viii% of property managers consider growth a top priority.
45.1% express a want to better efficiency.
31.0% of belongings managers cite profitability as a top concern.
Fewer than i-in-iv managers call the property owner a priority.
22.6% prioritize communication.
Fewer than one-in-five holding managers telephone call tenents a priority.
Too few belongings managers cite maintenance as a primary concern to exist statistically meaningful.

Rental Belongings Market

In the past decade, rental vacancy has drastically decreased to its lowest bespeak since the 1980s.

Betwixt 2009 and 2020, the national rental vacancy rate decreased by 85%.
The current nationwide rental vacancy rate is half-dozen%.
If trends from the last decade continue, the vacancy charge per unit should drop below 4 per centum by 2025.
42 percent of all U.Due south. renters live in unmarried-family unit homes.
Between 20 and 43 percent of renters cannot afford to buy a dwelling house or unit where they live.
In order to afford a ii-bedchamber apartment, the average American must brand well-nigh $24 per hour.
Monthly rent for a two-bedroom averages $one,588.
In one decade, the number of renters increased past 25%.
During that same menses, the number of homeowners decreased by simply over 1%.
The total market size for renters is 34%.

*For more information, see our report on Renting Statistics.

National Map: Property Managers' State-Level Population Densities based on reported location quotients

State-Level Employment Statistics

Statistics indicate that New York and Colorado may be the most lucrative markets for property managers considering market saturation and income levels.

Hawaii has more holding managers per capita than whatever other state, with nearly 3 times as many equally the nationwide average.
Washington, D.C. and the Virgin Islands both accept more than than twice every bit many property managers per capita compared to the nationwide average.
Wisconsin has fewer property managers per capita than whatever other state, about 30% of the national average.
Washington and Virginia both have fewer than half as many holding managers per capita compared to the nationwide average.
Puerto Rico has less than five% the national per capita average.
Property managers in Idaho make the least amount of money on average while New York managers make the about.

Land Property Direction Statistics
Country	Holding Managers	Average Annual Wage
Alabama	1,930	$53,960
Alaska	600	$73,040
Arizona	7,190	$62,530
Arkansas	one,440	$56,190
California	37,630	$75,390
Colorado	ane,490	$94,730
Connecticut	two,110	$83,210
Delaware	600	$61,930
D.C.	2,280	$90,210
Florida	22,340	$62,350
Georgia	7,630	$60,830
Hawaii	2,600	$67,100
Idaho	ane,450	$xl,670
Illinois	seven,270	$80,760
Indiana	3,680	$54,020
Iowa	1,440	$58,550
Kansas	two,960	$53,060
Kentucky	2,080	$57,010
Louisiana	3,330	$51,460
Maine	570	$61,490
Maryland	4,790	$77,410
Massachusetts	4,830	$90,470
Michigan	5,210	$66,020
Minnesota	3,950	$74,580
Mississippi	2,130	$43,680
Missouri	three,370	$67,060
Montana	850	$46,920
Nebraska	one,140	$63,710
Nevada	two,930	$54,030
New Hampshire	610	$71,140
New Jersey	iv,370	$95,440
New United mexican states	960	$56,670
New York	viii,080	$115,670
Northward Carolina	5,700	$69,800
North Dakota	660	$55,840
Ohio	seven,400	$64,670
Oklahoma	2,610	$89,000
Oregon	3,200	$55,950
Pennsylvania	5,850	$91,800
Puerto Rico	forty	$89,790
Rhode Isle	610	$92,180
South Carolina	one,650	$72,610
Due south Dakota	ane,000	$43,670
Tennessee	3,840	$59,400
Texas	22,820	$86,470
Utah	two,640	$54,440
Vermont	510	$65,020
Virgin Islands	140	$57,210
Virginia	ii,540	$93,020
Washington	2,400	$93,520
West Virginia	870	$55,740
Wisconsin	ane,300	$73,300
Wyoming	400	$67,800

*These totals do not include self-employed workers; jobs include those in all industries.

Alabama's Holding Management Industry

There are a full of 1,930 property managers working for property management companies.
There is 1 property manager for every 988 working residents.
$25.94 is their average hourly wage.
Their boilerplate annual wage is $53,960.
This is 26.3% beneath the national average wage for property managers.
Property managers brand 15.03% more than than the average worker statewide ($46,908).
The 10% lowest paid property managers earn an average of $25,900.
The 10% highest paid earn $88,670.

Alaska'due south Property Management Industry

At that place are a total of 600 property managers working for property management companies.
There is 1 holding manager for every 491 working residents.
$35.12 is their boilerplate hourly wage.
Their average almanac wage is $73,040.
This is 0.23% below the national average wage for holding managers.
Belongings managers make 12.75% more than the average worker statewide ($64,780).
The x% lowest paid property managers earn an boilerplate of $25,900.
The 10% highest paid earn $88,670.

Arizona's Belongings Management Manufacture

In that location are a full of a total of 7,190 property managers working for property management companies.
There is 1 property director for every 394 working residents.
$xxx.06 is their boilerplate hourly wage.
Their boilerplate almanac wage is $62,530.
This is 14.59% below the national average wage for property managers.
Property managers make 27.74% more the average worker statewide ($48,950).
The 10% lowest paid property managers earn an boilerplate of $31,900.
The ten% highest paid earn $101,750.

Arkansas's Property Management Industry

There are a total of 1,440 property managers working for holding direction companies.
At that place is 1 holding manager for every 820 working residents.
$27.01 is their boilerplate hourly wage.
Their average almanac wage is $56,190.
This is 23,25% below the national average wage for belongings managers.
Holding managers make nineteen.28% more than than the average worker statewide ($47,109).
The x% lowest paid property managers earn an average of $26,530.
The 10% highest paid earn $87,600.

California's Property Management Industry

In that location are a total of 37,630 property managers working for property management companies.
There is i property manager for every 437 working residents.
$36.25 is their average hourly wage.
Their average annual wage is $75,390.
This is 2.98% above the national average wage for property managers.
Property managers brand 5.47% more the average worker statewide ($71,480).
The ten% lowest paid holding managers earn an average of $29,290.
The 10% highest paid earn $87,600.

Colorado's Holding Direction Industry

At that place are a total of 1,490 property managers working for property management companies.
There is i belongings director for every 1,730 working residents.
$45.54 is their average hourly wage.
Their average annual wage is $94,730.
This is 29.39% above the national average wage for belongings managers.
Holding managers brand 49.13% more than than the average worker statewide ($63,522).
The 10% everyman paid property managers earn an average of $43,210.
The ten% highest paid earn $169,030.

Connecticut's Property Management Industry

There are a total of 2,110 property managers working for property direction companies.
There is one property manager for every 732 working residents.
$forty.00 is their average hourly wage.
Their boilerplate annual wage is $83,210.
This is 13.66% higher up the national boilerplate wage for holding managers.
Property managers make 4.31% more than than the average worker statewide ($79,771).
The 10% lowest paid belongings managers earn an boilerplate of $46,880.
The 10% highest paid earn $147,950.

Delaware's Property Management Industry

There are a total of 600 property managers working for property management companies.
There is ane property manager for every 716 working residents.
$29.77 is their boilerplate hourly wage.
Their boilerplate almanac wage is $61,930.
This is 15.41% beneath the national average wage for property managers.
Holding managers make 9.09% more the average worker statewide ($56,768).
The ten% lowest paid property managers earn an boilerplate of $37,110.
The 10% highest paid earn $96,420.

Commune of Columbia's Belongings Management Industry

At that place are a total of 2,280 property managers working for property direction companies.
There is 1 property manager for every 301 working residents.
$43.37 is their average hourly wage.
Their average annual wage is $90,210.
This is 23.22% higher up the national average wage for belongings managers.
Property managers make iii.61% more than the boilerplate worker statewide ($87,064).
The 10% lowest paid property managers earn an boilerplate of $46,420.
The 10% highest paid earn $155,610.

Florida'south Belongings Management Industry

There are a total of 2,280 property managers working for property management companies.
There is i property manager for every 378 working residents.
$29.98 is their average hourly wage.
Their average annual wage is $62,350.
This is 14.83% below the national average wage for property managers.
Property managers make 23.22% more than the average worker statewide ($55,337).
The x% lowest paid property managers earn an average of $32,040.
The 10% highest paid earn $96,600.

Georgia'due south Property Management Industry

In that location are a full of 7,630 property managers working for holding management companies.
There is ane holding manager for every 564 working residents.
$29.25 is their average hourly wage.
Their average annual wage is $sixty,830.
This is sixteen.91% beneath the national average wage for holding managers.
Belongings managers make eighteen.89% more than the average worker statewide ($51,165).
The x% everyman paid property managers earn an average of $27,980.
The 10% highest paid earn $114,220.

Hawaii's Holding Management Industry

There are a full of 2,600 property managers working for property direction companies.
There is 1 property manager for every 221 working residents.
$32.26 is their boilerplate hourly wage.
Their average annual wage is $67,100.
This is 8.35% below the national average wage for property managers.
Property managers make ten.49% more than the average worker statewide ($lx,729).
The x% lowest paid property managers earn an average of $37,630.
The 10% highest paid earn $106,090.

Idaho'southward Property Management Industry

There are a full of 1,450 property managers working for property management companies.
There is i property director for every 495 working residents.
$19.55 is their average hourly wage.
Their boilerplate annual wage is $40,570.
This is 44.45% beneath the national average wage for property managers.
Belongings managers brand sixteen.34% less than the boilerplate worker statewide ($48,616).
The 10% lowest paid property managers earn an average of $17,620.
The 10% highest paid earn $71,560.

Illinois' Property Management Manufacture

There are a total of vii,270 holding managers working for holding management companies.
There is i property director for every 774 working residents.
$38.83 is their boilerplate hourly wage.
Their average annual wage is $80,760.
This is 10.31% to a higher place the national average wage for belongings managers.
Holding managers brand 28.24% more than the average worker statewide ($62,977).
The 10% lowest paid belongings managers earn an average of $35,830.
The 10% highest paid earn $138,000.

Indiana'southward Property Direction Manufacture

There are a total of 3,680 property managers working for belongings management companies.
At that place is 1 property manager for every 794 working residents.
$25.97 is their average hourly wage.
Their boilerplate annual wage is $54,020.
This is 26.21% below the national average wage for belongings managers.
Property managers brand five.22% more than the average worker statewide ($51,340).
The 10% lowest paid property managers earn an average of $29,360.
The x% highest paid earn $83,560.

Iowa's Property Management Industry

At that place are a total of ane,440 belongings managers working for property management companies.
There is 1 property managing director for every 1,024 working residents.
$28.15 is their average hourly wage.
Their average almanac wage is $58,550.
This is 20.02% beneath the national boilerplate wage for property managers.
Property managers make 6.03% more than the average worker statewide ($55,218).
The 10% lowest paid property managers earn an boilerplate of $32,900.
The 10% highest paid earn $95,390.

Kansas' Property Direction Industry

There are a total of 2,960 belongings managers working for property direction companies.
There is 1 property manager for every 450 working residents.
$25.51 is their average hourly wage.
Their average annual wage is $53,060.
This is 27.52% beneath the national average wage for property managers.
Holding managers make v.37% less than the boilerplate worker statewide ($56,073).
The 10% everyman paid holding managers earn an boilerplate of $25,430.
The x% highest paid earn $85,620.

Kentucky'due south Property Management Industry

There are a full of 2,080 property managers working for property management companies.
In that location is 1 property managing director for every 857 working residents.
$27.41 is their average hourly wage.
Their boilerplate annual wage is $57,010.
This is 22.13% below the national average wage for holding managers.
Property managers make 22.58% more than the average worker statewide ($46,507).
The 10% lowest paid property managers earn an average of $27,930.
The ten% highest paid earn $88,210.

Louisiana's Holding Management Manufacture

There are a total of 3,330 property managers working for property direction companies.
At that place is one property manager for every 541 working residents.
$24.74 is their average hourly wage.
Their boilerplate almanac wage is $51,460.
This is 29.71% beneath the national boilerplate wage for holding managers.
Property managers make 2.84% more than the average worker statewide ($l,037).
The 10% everyman paid property managers earn an average of $18,950.
The 10% highest paid earn $90,130.

Maine's Belongings Direction Industry

There are a total of 570 holding managers working for belongings management companies.
At that place is 1 property manager for every 1,008 working residents.
$29.56 is their average hourly wage.
Their average almanac wage is $61,490.
This is 16.01% below the national average wage for property managers.
Property managers make 13.40% more than the boilerplate worker statewide ($54,225).
The x% everyman paid holding managers earn an average of $35,320.
The 10% highest paid earn $95,780.

Maryland'due south Holding Direction Industry

At that place are a total of 4,790 property managers working for property management companies.
There is 1 property manager for every 527 working residents.
$37.21 is their average hourly wage.
Their average almanac wage is $77,410.
This is 5.74% higher up the national average wage for holding managers.
Property managers make thirteen.41% more than the boilerplate worker statewide ($68,258).
The x% lowest paid property managers earn an average of $37,040.
The ten% highest paid earn $128,950.

Massachusetts' Property Management Manufacture

There are a total of 4,830 property managers working for belongings direction companies.
At that place is 1 property manager for every 694 working residents.
$43.50 is their average hourly wage.
Their average annual wage is $90,470.
This is 23.58% above the national average wage for belongings managers.
Property managers make 13.48% more than the boilerplate worker statewide ($79,721).
The 10% lowest paid holding managers earn an average of $50,180.
The x% highest paid earn $139,920.

Michigan'due south Property Management Manufacture

At that place are a full of five,210 property managers working for property management companies.
There is 1 property managing director for every 754 working residents.
$31.74 is their average hourly wage.
Their average annual wage is $66,020.
This is 9.82% beneath the national average wage for property managers.
Property managers make 24.threescore% more than the boilerplate worker statewide ($52,987).
The ten% everyman paid property managers earn an average of $33,650.
The x% highest paid earn $105,290.

Minnesota's Property Direction Industry

There are a total of iii,950 property managers working for belongings direction companies.
In that location is 1 belongings manager for every 686 working residents.
$35.86 is their average hourly wage.
Their average annual wage is $74,580.
This is 1.87% above the national average wage for holding managers.
Belongings managers make 21.19% more the average worker statewide ($61,540).
The 10% lowest paid property managers earn an boilerplate of $42,600.
The ten% highest paid earn $123,780.

Mississippi's Property Management Manufacture

There are a total of two,130 property managers working for property management companies.
In that location is 1 property manager for every 506 working residents.
$21.00 is their boilerplate hourly wage.
Their average annual wage is $43,680.
This is 40.34% below the national average wage for holding managers.
Holding managers make 4.64% more the boilerplate worker statewide ($41,745).
The 10% lowest paid property managers earn an boilerplate of $eighteen,850.
The 10% highest paid earn $70,660.

Missouri's Property Management Industry

At that place are a total of 3,370 belongings managers working for belongings management companies.
There is 1 property managing director for every 797 working residents.
$32.34 is their boilerplate hourly wage.
Their average annual wage is $67,060.
This is eight.40% beneath the national average wage for property managers.
Property managers make 31.04% more than the boilerplate worker statewide ($51,177).
The 10% everyman paid property managers earn an average of $29,850.
The 10% highest paid earn $132,480.

Montana's Property Management Industry

In that location are a total of 850 property managers working for property direction companies.
In that location is ane holding managing director for every 534 working residents.
$22.56 is their average hourly wage.
Their average almanac wage is $46,920.
This is 35.91% below the national average wage for property managers.
Property managers brand 12.02% less than the average worker statewide ($53,329).
The ten% lowest paid property managers earn an boilerplate of $twenty,040.
The 10% highest paid earn $78,730.

Nebraska's Belongings Direction Industry

There are a total of 1,140 belongings managers working for property management companies.
In that location is 1 property manager for every 829 working residents.
$30.63 is their average hourly wage.
Their average annual wage is $63,710.
This is 12.98% below the national average wage for property managers.
Property managers make nine.95% more than the average worker statewide ($57,942).
The 10% everyman paid property managers earn an boilerplate of $19,930.
The x% highest paid earn $105,690.

Nevada's Property Management Industry

There are a total of 2,930 property managers working for property management companies.
There is ane property manager for every 427 working residents.
$25.98 is their average hourly wage.
Their average annual wage is $54,030.
This is 26.xx% below the national average wage for property managers.
Property managers make 0.74% more than the average worker statewide ($53,635).
The 10% everyman paid belongings managers earn an average of $36,730.
The ten% highest paid earn $74,330.

New Hampshire's Belongings Management Industry

In that location are a total of 610 property managers working for property management companies.
There is 1 holding managing director for every one,007 working residents.
$34.twenty is their boilerplate hourly wage.
Their average almanac wage is $71,140.
This is 2.83% below the national boilerplate wage for holding managers.
Belongings managers make 7.11% more the average worker statewide ($66,418).
The 10% everyman paid belongings managers earn an average of $40,220.
The 10% highest paid earn $107,370.

New Jersey's Property Direction Industry

There are a total of 4,370 property managers working for property direction companies.
There is one belongings manager for every 867 working residents.
$45.88 is their average hourly wage.
Their average annual wage is $95,440.
This is thirty.36% above the national average wage for property managers.
Property managers make 26.84% more than the average worker statewide ($75,245).
The 10% lowest paid property managers earn an average of $46,670.
The 10% highest paid earn $193,420.

New Mexico's Property Direction Industry

There are a total of 960 property managers working for property management companies.
There is one property manager for every 820 working residents.
$27.28 is their average hourly wage.
Their boilerplate annual wage is $56,750.
This is 22.48% beneath the national average wage for property managers.
Holding managers make 23.90% more than than the average worker statewide ($45,803).
The ten% lowest paid holding managers earn an boilerplate of $26,720.
The x% highest paid earn $84,350.

New York's Property Management Manufacture

There are a full of 8,080 property managers working for belongings direction companies.
At that place is 1 property director for every 1,076 working residents.
$55.61 is their average hourly wage.
Their average annual wage is $115,670.
This is 58.00% above the national average wage for property managers.
Property managers make 53.11% more than the average worker statewide ($75,548).
The 10% lowest paid property managers earn an average of $62,280.
The x% highest paid earn $196,410.

North Carolina's Property Management Manufacture

There are a total of five,700 property managers working for belongings management companies.
There is 1 holding manager for every 752 working residents.
$33.56 is their average hourly wage.
Their average annual wage is $69,800.
This is 4.66% beneath the national boilerplate wage for holding managers.
Holding managers make 39.36% more than the average worker statewide ($50,086).
The ten% lowest paid belongings managers earn an average of $36,200.
The 10% highest paid earn $114,560.

North Dakota's Belongings Management Industry

There are a full of 660 belongings managers working for holding management companies.
There is one belongings manager for every 609 working residents.
$26.85 is their average hourly wage.
Their average annual wage is $55,840.
This is 23.73% beneath the national average wage for property managers.
Belongings managers make 5.97% less than the boilerplate worker statewide ($59,388).
The ten% lowest paid belongings managers earn an average of $35,760.
The 10% highest paid earn $83,220.

Ohio'due south Property Management Industry

There are a total of 7,400 property managers working for belongings management companies.
There is i property managing director for every 694 working residents.
$31.09 is their average hourly wage.
Their average almanac wage is $64,670.
This is xi.67% below the national boilerplate wage for property managers.
Property managers brand 21.34% more than the average worker statewide ($53,296).
The 10% lowest paid belongings managers earn an average of $23,140.
The 10% highest paid earn $122,910.

Oklahoma'southward Property Direction Industry

At that place are a total of 2,610 holding managers working for property management companies.
In that location is i property director for every 600 working residents.
$42.79 is their average hourly wage.
Their average annual wage is $89,000.
This is 21.57% above the national boilerplate wage for property managers.
Holding managers make 80.71% more than than the average worker statewide ($49,249).
The 10% lowest paid belongings managers earn an average of $28,740.
The 10% highest paid earn $180,870.

Oregon's Property Management Manufacture

There are a total of iii,200 property managers working for property direction companies.
There is 1 holding manager for every 565 working residents.
$26.90 is their average hourly wage.
Their average annual wage is $55,950.
This is 23.58% below the national boilerplate wage for holding managers.
Property managers make 1.44% less than the boilerplate worker statewide ($56,765).
The 10% lowest paid holding managers earn an boilerplate of $31,870.
The 10% highest paid earn $91,270.

Pennsylvania's Belongings Management Manufacture

There are a total of 5,850 property managers working for property management companies.
There is ane property director for every 943 working residents.
$44.xiv is their average hourly wage.
Their average almanac wage is $91,800.
This is 25.39% above the national average wage for property managers.
Property managers make 47.59% more than the average worker statewide ($62,198).
The 10% everyman paid property managers earn an average of $40,630.
The 10% highest paid earn $190,740.

Puerto Rico'south Property Management Industry

There are a total of forty belongings managers working for property management companies.
There is 1 property manager for every 21,739 working residents.
$43.17 is their average hourly wage.
Their average annual wage is $89,790.
This is 22.65% above the national average wage for holding managers.
The 10% lowest paid property managers earn an average of $32,540.
The x% highest paid earn $140,320.

Rhode Island's Property Management Industry

There are a total of 610 property managers working for property direction companies.
There is 1 property manager for every 722 working residents.
$44.32 is their average hourly wage.
Their average annual wage is $92,180.
This is 25.91% higher up the national average wage for property managers.
Property managers make 51.52% more than than the boilerplate worker statewide ($sixty,837).
The ten% lowest paid holding managers earn an average of $52,880.
The ten% highest paid earn $132,800.

South Carolina's Property Management Industry

In that location are a total of 1,650 property managers working for property management companies.
In that location is one property director for every 1,220 working residents.
$34.91 is their average hourly wage.
Their average annual wage is $72,610.
This is 0.82% below the national average wage for property managers.
Belongings managers make 52.86% more than the average worker statewide ($47,502).
The ten% lowest paid property managers earn an average of $27,480.
The 10% highest paid earn $128,490.

Southward Dakota's Holding Management Industry

There are a total of ane,000 property managers working for property direction companies.
There is 1 property manager for every 413 working residents.
$21.00 is their average hourly wage.
Their average annual wage is $43,670.
This is 40.35% below the national average wage for holding managers.
Property managers make 23.75% less than the average worker statewide ($57,273).
The 10% lowest paid property managers earn an average of $27,570.
The 10% highest paid earn $62,440.

Tennessee's Property Management Manufacture

There are a total of 3,840 belongings managers working for holding management companies.
There is ane property managing director for every 757 working residents.
$28.56 is their average hourly wage.
Their average annual wage is $59.400.
This is xviii.86% below the national average wage for holding managers.
Property managers brand 17.51% more than the boilerplate worker statewide ($50,547).
The 10% lowest paid property managers earn an average of $26.760.
The x% highest paid earn $105,310.

Texas' Property Management Industry

In that location are a total of 22,820 property managers working for property management companies.
In that location is one property manager for every 531 working residents.
$41.57 is their average hourly wage.
Their average annual wage is $86,470.
This is 18.11% higher up the national boilerplate wage for property managers.
Belongings managers make 57.67% more than the average worker statewide ($54,841).
The 10% everyman paid property managers earn an average of $32,860.
The 10% highest paid earn $168,310.

Utah'due south Property Management Manufacture

There are a total of 2,640 belongings managers working for property direction companies.
There is 1 property manager for every 563 working residents.
$26.17 is their average hourly wage.
Their average annual wage is $54,440.
This is 25.64% below the national boilerplate wage for holding managers.
Property managers brand iv.19% more than the boilerplate worker statewide ($52,251).
The 10% lowest paid holding managers earn an boilerplate of $25,680.
The x% highest paid earn $96,340.

Vermont's Property Management Industry

There are a total of 510 belongings managers working for belongings management companies.
There is one property director for every 551 working residents.
$31.26 is their average hourly wage.
Their average almanac wage is $65,020.
This is 11.19% beneath the national average wage for property managers.
Property managers make 10.86% more than the boilerplate worker statewide ($58,650).
The 10% lowest paid property managers earn an boilerplate of $28,200.
The x% highest paid earn $107,910.

Virgin Islands' Property Management Manufacture

There are a total of 140 property managers working for belongings management companies.
There is 1 property manager for every 247 working residents.
$27.fifty is their average hourly wage.
Their boilerplate annual wage is $57,210.
This is 21.85% below the national average wage for property managers.
The 10% lowest paid holding managers earn an average of $27,840.
The 10% highest paid earn $83,500.

Virginia'due south Property Management Industry

There are a total of 2,540 property managers working for property direction companies.
There is ane property manager for every 1,456 working residents.
$44.72 is their average hourly wage.
Their average annual wage is $93,020.
This is 27.06% above the national average wage for holding managers.
Property managers brand 49.xvi% more than than the boilerplate worker statewide ($62,362).
The ten% everyman paid property managers earn an boilerplate of $47,930.
The ten% highest paid earn $145,580.

Washington's Holding Management Industry

In that location are a total of 2,400 property managers working for belongings management companies.
At that place is 1 belongings director for every 1,333 working residents.
$44.96 is their average hourly wage.
Their average annual wage is $93,520.
This is 27.74% above the national average wage for property managers.
Property managers make 36.88% more than the average worker statewide ($68,322).
The 10% everyman paid property managers earn an average of $45,940.
The 10% highest paid earn $158,220.

West Virginia's Property Management Industry

There are a total of 870 holding managers working for property management companies.
There is one property director for every 751 working residents.
$26.80 is their average hourly wage.
Their average annual wage is $55,740.
This is 23.86% below the national average wage for holding managers.
Property managers make 23.57% more than the average worker statewide ($45,109).
The 10% lowest paid property managers earn an boilerplate of $23,070.
The 10% highest paid earn $110,720.

Wisconsin's Belongings Direction Industry

There are a total of one,300 property managers working for property management companies.
There is 1 property manager for every 2,088 working residents.
$35.24 is their average hourly wage.
Their boilerplate almanac wage is $73,300.
This is 0.12% in a higher place the national average wage for property managers.
Belongings managers make 32.10% more the boilerplate worker statewide ($55,487).
The x% lowest paid belongings managers earn an average of $39,260.
The 10% highest paid earn $125,790.

Wyoming'southward Belongings Management Manufacture

In that location are a total of 400 property managers working for property direction companies.
In that location is 1 property manager for every 649 working residents.
$32.60 is their average hourly wage.
Their average annual wage is $67,800.
This is 7.39% below the national average wage for property managers.
Property managers brand 7.17% more than the boilerplate worker statewide ($63,263).
The 10% lowest paid property managers earn an average of $24,850.
The 10% highest paid earn $129,360.

Analysis: Manufacture Predicions

Manufacture experts urge property managers and owners to invest in new applied science and consolidation in order to stay competitive.

Cloud services, artificial intelligence, and integrated devices make information technology easier to stay continued to tenants, vendors. More tenants demand loftier-tech options, like costless Wi-Fi in all rental units or smart home systems for renters. Younger tenants especially want the convenience of connectivity from their landlords/property managers.

Among surveyed holding managers, however, but 11.2% say technology is a height priority. Companies new to the industry are focusing on technology from the outset. Those few early adopters will have an advantage over competitors not only in terms of attracting renters but too in terms of attracting business organisation partners.

For these organizations just entering property management, and for smaller companies seeking to access a larger market place share, conquering and/or consolidation of existing companies is typically preferable to starting from scratch. Existing businesses accept already been tested, proving they can satisfy clients.

Industry professionals point out that larger operations are made more than manageable by investments in technology. Many predict business plans that include these goals will be the virtually profitable in the forseeable future.

Sources

U.S. Bureau of Labor Statistics, Occupational Outlook Handbook: Property, Existent Manor, and Community Association Managers
Commercial Belongings Executive, Industry Research Reports
U.Due south. Section of Commerce Agency of Economical Analysis, Personal Income by State
National Association of Residential Holding Managers, 5^th Annual State of Property Management Industry Report
Federal Reserve Banking concern of St. Louis Economic Data (FRED), Real Manor and Rental Leasing: Producer Price Indexes
U.S. Census Agency, American Housing Survey
Mashvisor, Commercial vs Residential Holding Management: Which Is Right for You?
Fortune Business Insights, Property Direction Market Size, Share & COVID-19 Impact Assay, By Component (Software, Services), By Deployment (Cloud, On-Premises), By Application (Residential, Commercial), By End-User (Property Managers, Housing Associations, Real Estate Agents, and Others) and Regional Forecast, 2021-2028
Pew Research Center, "More U.S. Households Are Renting Than at Any Signal in fifty Years.
Statista, IBISWorld Survey: Size of Property Management Market in the United States from 2009 to 2020

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Source: https://ipropertymanagement.com/research/property-management-industry-statistics