Industry Description
This U.S. industry comprises establishments primarily engaged in managing residential real estate for others.
Cross-References.
Business Examples
Common types of business activities within NAICS 531311 - Residential Property Managers are:
- Condominium managers' offices, residential
- Residential real estate property managers' offices
- Managers' offices, residential real estate
- Real estate property managers' offices, residential
- Managers' offices, residential condominium
- Managing residential real estate
- Resort or vacation property managers' offices
- Managing residential condominiums
- Residential property managing
- Property managing, residential real estate
- Apartment managers' offices
- Property managers' offices, residential real estate
- Cooperative apartment managers' offices
- Managing cooperative apartments
IBISWorld Industry Research Report
Property Management in the US (53131)
Revenue 2025
$136.9bn
Growth 2025
0.05%
Key Trends
Homeownership provides the strongest competition to property managers
The cost of owning a home has plummeted
The value of the properties will continue to grow in line with demand
Products and Services
Similar Industries
For some business types, there may be a similar industry to 531311 - Residential Property Managers that is a better classification match. Establishments primarily engaged in:
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NAICS Cross Reference
Establishments primarily engaged in acting as lessors of buildings used as residences or dwellings are classified in Industry 531110, Lessors of Residential Buildings and Dwellings; and
IBISWorld industry research report
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NAICS Cross Reference
Establishments primarily engaged in managing nonresidential real estate for others are classified in U.S. Industry 531312, Nonresidential Property Managers;
IBISWorld industry research report
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NAICS Cross Reference
Establishments formed on behalf of individual residential condominium owners or homeowners are classified in Industry 813990, Other Similar Organizations (except Business, Professional, Labor, and Political Organizations).
IBISWorld industry research report
NAICS Hierarchy 531311 - Residential Property Managers
NAICS Code 531311 - Residential Property Managers sits in the 2-digit Residential Property Managers 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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Similar Industries Niche and Emerging
IBISWorld provides research on hundreds of niche and emerging industries, including the following for 531311 - Residential Property Managers.
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