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2024 U.S. Industry Statistics & Market Forecast - Residential Property Managers
Market Size & Industry Statistics
The total U.S. industry market size for Residential Property Managers:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Residential Property Managers industry continues to experience significant changes due to various trends. One of the primary trends is the increasing demand for tech-driven property management services. Many property management firms are adopting a suite of digital tools to automate tasks such as rent collection, maintenance management, and tenant communication. Consequently, these firms are able to save time and reduce costs while providing tenants with an enhanced experience.Another trend impacting the industry is a growing interest in environmentally-friendly and energy-efficient buildings. In response, property management firms are incorporating sustainable practices such as renewable energy sources, water conservation, and green cleaning into their operations. These practices not only attract ethical tenants but also generate cost savings for property owners.
Moreover, property managers must also address the challenge of the evolving regulatory landscape. Increasingly, there is a demand for transparency, accuracy, and accessibility in property management operations. As such, property managers are investing in compliance and reporting software to ensure regulatory compliance across local, state, and federal levels.
Lastly, the issue of escalating housing costs and affordable housing remains at the forefront of the industry’s concerns. Property managers are investing in innovative financing models and working closely with community stakeholders and policymakers to find creative solutions to these challenges. Overall, the trends shaping the industry are pushing property managers to adopt technology, embrace sustainability, and cultivate a customer-centric approach to effectively compete in the market.
Product & Services Breakdown
Research products and services in the Residential Property Managers industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Real Estate Agent And Brokerage Services |
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Brokerage Services For The Sale Of Residential Real Estate |
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Brokerage Services For The Rental Of Residential Real Estate |
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Reimbursements From Property Owners For Miscellaneous Expenditures, Including Payroll At Managed Properties (Common Paymaster), |
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Property Management Services |
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Residential Building Property Management |
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Nonresidential Building Property Management |
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Construction Services |
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Other Services |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Residential Property Managers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Residential Property Managers industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Residential Property Managers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 19% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Other Management Occupations | 13% | |||
| Property, Real Estate, and Community Association Managers | 12% | |||
| Property, Real Estate, and Community Association Managers | 12% | |||
| Business and Financial Operations Occupations | 8% | |||
| Building and Grounds Cleaning and Maintenance Occupations | 7% | |||
| Building Cleaning and Pest Control Workers | 5% | |||
| Building Cleaning Workers | 5% | |||
| Sales and Related Occupations | 18% | |||
| Retail Sales Workers | 6% | |||
| Counter and Rental Clerks and Parts Salespersons | 5% | |||
| Counter and Rental Clerks | 5% | |||
| Other Sales and Related Workers | 12% | |||
| Real Estate Brokers and Sales Agents | 12% | |||
| Real Estate Sales Agents | 9% | |||
| Office and Administrative Support Occupations | 19% | |||
| Other Office and Administrative Support Workers | 6% | |||
| Office Clerks, General | 6% | |||
| Office Clerks, General | 6% | |||
| Installation, Maintenance, and Repair Occupations | 20% | |||
| Other Installation, Maintenance, and Repair Occupations | 18% | |||
| Maintenance and Repair Workers, General | 17% | |||
| Maintenance and Repair Workers, General | 17% | |||
Residential Property Managers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Residential Property Managers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Residential Property Managers industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Residential Property Managers industry. |
Source:
Innovation News
- Dec 27, 2023: Association Community Services trademarks "MYSTREET" - Community association management services
- Nov 13, 2023: Above Property trademarks "TREK" - Software as a service (SAAS) services featuring software for providing, hosting, managing, developing, researching, tracking, analyzing, reporting, and maintaining applications, software, web sites, and databases of others in the fields of travel and hospitality.
- Aug 25, 2023: Access Asset Management trademarks "PROPERTY MANAGEMENT IS A PEOPLE BUSINESS" - Financial due diligence services in the field of real estate; Real estate acquisition services; Real estate service
- Oct 07, 2020: Castlegate Partners Xi-Lex raises $1 million in funding.
- Feb 12, 2020: Castlegate Partners Xi-Lex raises $1 million in funding.
- Oct 25, 2019: Castlegate Partners Xi-Lex raises $1 million in funding.
Recent Federal Contracts for Residential Property Managers- Apr 02, 2024: PARLIAMENT LLC (Beachwood, OH) awarded $198,917
- Apr 02, 2024: 1 -800-AGENTMATCH.COM, LLC (Bristol, FL) awarded $73,079
- Apr 01, 2024: LIMA CHARLIE, INC (Riverbank, CA) awarded $86,468
- Apr 01, 2024: AESTHETIC HOME INVESTMENTS LLC (Sanford, NC) awarded $221,741
- Apr 01, 2024: DGG RE INVESTMENTS LLC (Langhorne, PA) awarded $2,255,354
- Apr 01, 2024: PROPERTY & ENVIRONMENTAL MANAGEMENT INC (Columbus, OH) awarded $10,225
- Apr 02, 2024: PARLIAMENT LLC (Beachwood, OH) awarded $198,917
- Apr 02, 2024: 1 -800-AGENTMATCH.COM, LLC (Bristol, FL) awarded $73,079
- Apr 01, 2024: LIMA CHARLIE, INC (Riverbank, CA) awarded $86,468
- Apr 01, 2024: AESTHETIC HOME INVESTMENTS LLC (Sanford, NC) awarded $221,741
- Apr 01, 2024: DGG RE INVESTMENTS LLC (Langhorne, PA) awarded $2,255,354
- Apr 01, 2024: PROPERTY & ENVIRONMENTAL MANAGEMENT INC (Columbus, OH) awarded $10,225
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