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With every new tech startup and shiny new app property management is changing, and with it the role of the property manager. Indeed, what was once an established role now seems to be in constant flux, as is the case with almost any occupation. So amidst the constantly changing jobscape, we’re here to break down today’s property manager—by the numbers.
88: The percentage of property managers that increased their rental rates over the past year, according to Zillow.
$61,928: The average per year salary for a property manager in New York according to Glassdoor, 22 percent above the national average.
65: The percentage of rental properties that are managed by self-managers, according to a 2016 study by property management marketing source FourandHalf.
544: The number of individuals entering the rental market as landlords every day, which breaks down to about 5 new renters for every 1 new landlord daily.
349,900: The projected number of property manager jobs in the United States by 2026.
$90,050: The average yearly pay for an administrative services manager, one of the United States Department of Labor’s four “similar occupations” to property management.
$55.66: The hourly mean wage of a property manager in New York, which is ranked fifth in the nation for highest level of employment in property management.
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