Fewer than 1-in-4 managers call the property owner a priority.

31.0% of property managers cite profitability as a top concern.

45.1% express a desire to improve efficiency.

47.8% of property managers consider growth a top priority.

More than 70% of property managers perform property inspections, advertise vacancies, and facilitate leases.

80% of property managers are involved in the coordination or performance of maintenance/repairs as well as rent and fee collections.

Property managers are increasingly concerned about growth and owner satisfaction, with a declining interest in residents and property improvements. * Residential properties with more than 5 units or tenent groups are often classified as commercial property.

Commercial rental properties with an owner or manager on-site are most likely to have fewer units.

ThatвЂ™s 31.2% of all residential rental units in 2- to 4-unit properties.

460,000 residential rental units in 2- to 4-unit buildings have a property manager living on-site.

88% of survey respondents expected their revenues to go up in the next two years.

5% of managers saw a decrease in revenue.

81% of property managers have seen their revenues increase over in the past two years.

Since December 1995, the PPI for residential property management services has risen 39.2% for an annual growth rate of 1.537%.

Since December 2003, the industryвЂ™s PPI has increased 33.3% for an annual growth rate of 1.903%.Industry experts expect a compound annual growth rate of 9.3%.Residential property management has seen more industry growth than nonresidential or commercial property management*. The average entry-level property manager has a high school diploma or equivalent.

The lowest paid 10% earn $31,330 per year while the highest paid earn $134,570 per year.Median pay is $28.68 per hour or $59,660 per year.Their average wage is $35.20 per hour or $73,210 per year.ThatвЂ™s 59.95% of all working property managers.220,000 property managers work for property management companies.The job market among property management is expected to remain stable throughout the 2020s. Since December 2003, the producer price index (PPI) among real estate property managers nationwide has increased 20.0% for an annual growth rate of 1.143%.This is a 6.6% greater market share than the global average, which is 36.6%.39% of the national industry market share ultimately goes to the property managers themselves.North AmericaвЂ™s market value grew 7.78% from 2019 to 2020.ThatвЂ™s 35.95% of the global market, which is valued at $13.88 billion.North AmericaвЂ™s property management market is valued at $4.99 billion.The industryвЂ™s average annual growth rate for the last 5 years has been 2.5%.Jump to a state: AL | AK | AZ | AR | CA | CO | CT | DE | FL | GA | HI | ID | IL | IN | IA | KS | KY | LA | ME | MD | MA | MI | MN | MS | MO | MT | NE | NV | NH | NJ | NM | NY | NC | ND | OH | OK | OR | PA | PR | RI | SC | SD | TN | TX | UT | VT | VI | VA | WA | WV | WI | WYДata indicate that property management is still a growth industry. Real estate generates 16% of the national gross domestic product (GDP).The national industry employs over 367,000 workers, excluding self-employed managers.More than 300,000 property management companies are registered in the United States.This market value increased 7.78% over 12 months.The North American property management market is valued at $5 billion.The property management industry in the United States generates $88.4 billion in annual revenue and is expected to grow.

Benchmark property management