Industry Description
Establishments primarily engaged in the operation of apartment buildings. Apartment buildings are defined as containing five or more housing units. This industry does not include hotels, rooming and boarding houses, camps, and other lodging places for transients which are classified in Services, Major Group 70.
Business Examples
Common types of business activities within US SIC 6513 - Operators of Apartment Buildings are:
- Operators of apartment buildings (five or more housing units)
- Operators of apartment hotels
- Operators of residential hotels
- Operators of retirement hotels
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
US-SIC Hierarchy 6513 - Operators of Apartment Buildings
US-SIC Code 6513 - Operators of Apartment Buildings sits in the 2-digit Operators of Apartment Buildings sector. US SIC codes can be 2 to 8 digits and the further along the hierarchy, the more detailed and specific the category will be.
Division: H
Division Title: Finance, Insurance, and Real Estate
2 Digits 3 Digits 4 Digits
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601 Central Reserve Depository Institutions
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602 Commercial Banks
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603 Savings Institutions
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606 Credit Unions
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608 Foreign Banking and Branches and Agencies Of
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609 Functions Related To Depository Banking
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611 Federal and Federally-sponsored Credit Agencies
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614 Personal Credit Institutions
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615 Business Credit Institutions
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616 Mortgage Bankers and Brokers
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621 Security Brokers, Dealers, and Flotation
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622 Commodity Contracts Brokers and Dealers
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623 Security and Commodity Exchanges
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628 Services Allied With the Exchange of Securities
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631 Life Insurance
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632 Accident and Health Insurance and Medical
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633 Fire, Marine, and Casualty Insurance
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635 Surety Insurance
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636 Title Insurance
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637 Pension, Health, and Welfare Funds
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639 Insurance Carriers, Not Elsewhere Classified
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651 Real Estate Operators (except Developers) and Lessors
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653 Real Estate Agents and Managers
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654 Title Abstract Offices
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655 Land Subdividers and Developers
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671 Holding Offices
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672 Investment Offices
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673 Trusts
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679 Miscellaneous Investing
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Extended US-SIC Hierarchy for 6513 - Operators of Apartment Buildings
For business marketing and targeting, US SIC Codes have been extended to provide more specific classifications within US-SIC 6513 - Operators of Apartment Buildings. Extended US SIC Codes are being continuously updated to reflect the current business environment.
6 Digit SIC Codes
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651301 Condominiums
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651302 Boarding houses
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651303 Apartments
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651304 Apartment rental agencies
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651305 Retirement apartments & hotels
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651398 Operators of apartment buildings
8 Digit SIC Codes
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65130000 Apartment building operators
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65139900 Apartment building operators, nec
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65139901 Apartment hotel operation
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65139902 Residential hotel operation
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65139903 Retirement hotel operation
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