Industry Description
This industry comprises establishments primarily engaged in acting as lessors of buildings used as residences or dwellings, such as single-family homes, apartment buildings, and town homes. Included in this industry are owner-lessors and establishments renting real estate and then acting as lessors in subleasing it to others. The establishments in this industry may manage the property themselves or have another establishment manage it for them.
Cross-References.
Business Examples
Common types of business activities within NAICS 531110 - Lessors of Residential Buildings and Dwellings are:
- Real estate rental or leasing of residential building
- Residential building rental or leasing
- Apartment building rental or leasing
- Apartment rental or leasing
- Housing authorities owning and operating residential buildings
- Building, residential, rental or leasing
- Lessors of residential buildings and dwellings
- Residential hotel rental or leasing
- Houses rental or leasing
- Mobile (manufactured) home rental or leasing, on-site
- Dwelling rental or leasing
- Retirement hotel rental or leasing
- Cottage rental or leasing
- Apartment hotel rental or leasing
- Duplex houses (i.e., single-family) rental or leasing
- Town house rental or leasing
- Equity real estate investment trusts (REITs), primarily leasing residential buildings and dwellings
- Single-family house rental or leasing
- Building, apartment, rental or leasing
IBISWorld Industry Research Report
Apartment Rental in the US (53111)
Revenue 2025
$295.3bn
Growth 2025
1.38%
Key Trends
Since the subprime mortgage crisis, the industry has undergone structural change
The industry is expected to suffer a wave of evictions as unemployment remains high
Increases in rental vacancy will diminish landlords' effective pricing power
Products and Services
Similar Industries
For some business types, there may be a similar industry to 531110 - Lessors of Residential Buildings and Dwellings that is a better classification match. Establishments primarily engaged in:
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NAICS Cross Reference
Establishments primarily engaged in managing residential real estate for others are classified in U.S. Industry 531311, Residential Property Managers.
IBISWorld industry research report
NAICS Hierarchy 531110 - Lessors of Residential Buildings and Dwellings
NAICS Code 531110 - Lessors of Residential Buildings and Dwellings sits in the 2-digit Lessors of Residential Buildings and Dwellings sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 53
Sector Title: Real Estate and Rental and Leasing
3 Digits 4 Digits 5 Digits 6 Digits
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5311 Lessors of Real Estate
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53111 Lessors of Residential Buildings and Dwellings
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53112 Lessors of Nonresidential Buildings (except Miniwarehouses
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53113 Lessors of Miniwarehouses and Self-Storage Units
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53119 Lessors of Other Real Estate Property
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5312 Offices of Real Estate Agents and Brokers
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53121 Offices of Real Estate Agents and Brokers
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5313 Activities Related to Real Estate
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53131 Real Estate Property Managers
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53132 Offices of Real Estate Appraisers
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53139 Other Activities Related to Real Estate
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5321 Automotive Equipment Rental and Leasing
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53211 Passenger Car Rental and Leasing
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53212 Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
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5322 Consumer Goods Rental
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53221 Consumer Electronics and Appliances Rental
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53228 Other Consumer Goods Rental
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5323 General Rental Centers
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53231 General Rental Centers
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5324 Commercial and Industrial Machinery and Equipment Rental and Leasing
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53241 Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing
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53242 Office Machinery and Equipment Rental and Leasing
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53249 Other Commercial and Industrial Machinery and Equipment Rental and Leasing
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5331 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works
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53311 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works
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NAICS Resources
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