How much does a Property Manager make?
A Property Manager oversees residential or commercial properties. They handle everything from leasing to maintenance. This job can be rewarding, both in terms of job satisfaction and salary. The average yearly salary for a Property Manager is around $53,845. This number can change based on experience, location, and the type of property managed.
Property Managers can earn more as they gain experience. Entry-level managers might start at the lower end of the salary range. Those with more experience often earn more. Managers who work in larger cities or areas with a higher cost of living may also earn more. The type of property managed can also affect salary. Managers who work with commercial properties may earn more than those who manage residential properties.
What are the highest paying cities for a Property Manager?

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San Francisco, CA
Average Salary: $73,632
In San Francisco, managing properties offers a dynamic environment with a high demand for rental units. With companies like Greystar and AvalonBay, professionals can expect to handle luxury properties and modern apartment buildings. The competitive market provides ample opportunities for growth.
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Boston, MA
Average Salary: $73,555
Boston presents a unique challenge for property managers, balancing historic charm with modern living. Working with firms like Boston Properties and Beacon Hill, managers navigate a market with a mix of rental apartments and historic homes. The city's vibrant culture enhances the experience.
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Stockton, CA
Average Salary: $71,669
Stockton offers a more relaxed pace for property management, with a focus on residential and commercial properties. Companies like Lennar and PulteGroup provide a stable environment. The lower cost of living makes it an attractive option for those seeking a balanced lifestyle.
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Stamford, CT
Average Salary: $69,114
Stamford combines suburban charm with corporate opportunities. Property managers here work with firms like Prologis and CBRE. The city offers a mix of residential and commercial properties, providing a steady stream of work and professional development.
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Washington, DC
Average Salary: $68,204
In Washington, DC, managing properties means dealing with a diverse and transient population. Companies like Marriott and Hilton offer opportunities in upscale hotels and apartments. The political and cultural environment adds an extra layer of interest to the role.
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Providence, RI
Average Salary: $67,435
Providence offers a mix of urban and suburban properties. Working with companies like Blue Chip and The Related Companies, managers handle a variety of residential and commercial buildings. The city's rich history and vibrant arts scene provide a unique backdrop.
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Seattle, WA
Average Salary: $67,327
Seattle's property management scene is vibrant and tech-driven. With companies like Amazon and Microsoft, managers often deal with modern, high-tech properties. The city's progressive culture and scenic beauty make it an appealing place to work.
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Chicago, IL
Average Salary: $66,914
Chicago offers a bustling market for property managers. Working with firms like Equity Office Properties and JLL, professionals handle a mix of residential and commercial properties. The city's diverse neighborhoods and rich history provide a dynamic work environment.
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San Jose, CA
Average Salary: $65,697
San Jose, part of the Silicon Valley, offers a unique property management landscape. Companies like Google and Apple create a demand for modern, tech-friendly properties. The fast-paced environment offers many opportunities for career growth.
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Miami, FL
Average Salary: $65,631
Miami provides a vibrant and diverse market for property managers. Working with firms like Related Group and Turnberry Associates, professionals handle a mix of luxury condos and beachfront properties. The city's lively atmosphere and warm climate enhance the job experience.
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What are the best companies a Property Manager can work for?

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AKAM Associates, Inc
Average Salary: $123,600
AKAM Associates, Inc offers Property Manager jobs with a focus on commercial real estate. They operate in major cities across the U.S., including New York, Los Angeles, and Chicago. Their Property Managers handle leasing, tenant relations, and property maintenance.
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BXP
Average Salary: $120,014
BXP is a real estate investment trust that provides Property Manager jobs. They manage office, retail, and industrial properties. BXP operates in cities like Boston, San Francisco, and Washington, D.C. Their Property Managers focus on property performance and tenant satisfaction.
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Bisnow
Average Salary: $112,204
Bisnow offers Property Manager jobs with a focus on commercial real estate. They operate in major cities across the U.S., including New York, Los Angeles, and Chicago. Their Property Managers handle leasing, tenant relations, and property maintenance.
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Prologis
Average Salary: $103,553
Prologis is a global leader in logistics real estate. They offer Property Manager jobs for industrial and logistics properties. Prologis operates in cities like Seattle, Dallas, and Phoenix. Their Property Managers focus on tenant needs and property performance.
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Kidder Mathews
Average Salary: $102,591
Kidder Mathews offers Property Manager jobs for commercial and residential properties. They operate in cities like San Francisco, Los Angeles, and New York. Their Property Managers handle leasing, tenant relations, and property maintenance.
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Avison Young
Average Salary: $102,097
Avison Young provides Property Manager jobs for commercial real estate. They operate in major cities across the U.S., including Chicago, Boston, and Denver. Their Property Managers focus on property performance and tenant satisfaction.
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King County Housing Authority
Average Salary: $94,797
King County Housing Authority offers Property Manager jobs for residential properties. They operate in Seattle, Washington. Their Property Managers handle tenant relations, property maintenance, and community engagement.
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JLL
Average Salary: $91,563
JLL offers Property Manager jobs for commercial real estate. They operate in cities like New York, San Francisco, and Chicago. Their Property Managers focus on property performance and tenant satisfaction.
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Welltower, Inc
Average Salary: $91,553
Welltower, Inc offers Property Manager jobs for senior living communities. They operate in cities like Boston, Chicago, and Seattle. Their Property Managers focus on tenant care and property maintenance.
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Realty Income Corporation
Average Salary: $90,568
Realty Income Corporation offers Property Manager jobs for commercial real estate. They operate in major cities across the U.S., including Los Angeles, New York, and Chicago. Their Property Managers handle leasing, tenant relations, and property maintenance.
How to earn more as a Property Manager?
To increase earnings as a Property Manager, consider focusing on key areas that can lead to higher compensation. One effective strategy is to enhance property value through improvements. Upgrading common areas, renovating units, and maintaining a high standard of cleanliness can attract higher-paying tenants. This not only improves the property's appeal but also allows for higher rental rates.
Another factor is expanding the property portfolio. Managing more properties can lead to increased income. This requires a strong network, effective marketing, and the ability to handle multiple properties efficiently. Diversifying the types of properties managed, such as residential, commercial, or mixed-use, can also open up new revenue streams. Building a reputation for reliability and professionalism can help secure more properties and higher rents. Additionally, investing in professional development can lead to better management skills and higher earning potential. Certifications, courses, and attending industry conferences can provide valuable insights and networking opportunities.
Here are five factors to consider for earning more as a Property Manager:
- Enhance Property Value: Invest in upgrades and renovations to attract higher-paying tenants.
- Expand Property Portfolio: Manage more properties to increase income.
- Diversify Property Types: Manage a mix of residential, commercial, and mixed-use properties.
- Build a Strong Reputation: Focus on reliability and professionalism to secure more properties.
- Invest in Professional Development: Pursue certifications and attend industry events to improve skills.



