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How much does a Property Manager make?

The average salary for a Property Manager is $53,845 per year in the US.

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.

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What are the highest paying cities for a Property Manager?

Property managers in San Francisco, California, enjoy some of the highest salaries in the country. These professionals can expect to earn an average of $73,632 annually. Boston, Massachusetts, and Stockton, California, also offer competitive pay for property managers.
Graph displaying highest paying cities salaries for Property Manager jobs, highlighting San Francisco, CA with the highest at $73,632 and Miami, FL with the lowest at $65,631.
  1. 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.
    Find Property Manager jobs in San Francisco, CA


  2. 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.
    Find Property Manager jobs in Boston, MA


  3. 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.
    Find Property Manager jobs in Stockton, CA


  4. 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.
    Find Property Manager jobs in Stamford, CT


  5. 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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  6. 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.
    Find Property Manager jobs in Providence, RI


  7. 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.
    Find Property Manager jobs in Seattle, WA


  8. 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.
    Find Property Manager jobs in Chicago, IL


  9. 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.
    Find Property Manager jobs in San Jose, CA


  10. 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.
    Find Property Manager jobs in Miami, FL

What are the best companies a Property Manager can work for?

Property managers often seek top-paying companies to enhance their careers. AKAM Associates, Inc. leads with an average salary of $123,600. BXP and Bisnow follow closely, offering competitive pay. These companies provide excellent opportunities for those in the field.
Graph displaying best paying company salaries for Property Manager jobs, highlighting AKAM Associates, Inc with the highest at $123,600 and Realty Income Corporation with the lowest at $90,568.
  1. 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.


  2. 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.


  3. 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.


  4. 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.


  5. 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.


  6. 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.


  7. 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.


  8. 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.


  9. 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.


  10. 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:

  1. Enhance Property Value: Invest in upgrades and renovations to attract higher-paying tenants.
  2. Expand Property Portfolio: Manage more properties to increase income.
  3. Diversify Property Types: Manage a mix of residential, commercial, and mixed-use properties.
  4. Build a Strong Reputation: Focus on reliability and professionalism to secure more properties.
  5. Invest in Professional Development: Pursue certifications and attend industry events to improve skills.

Currently 5,082 Property Manager job openings, nationwide.

How's the job market for a Property Manager in the US?

Learn what a Property Manager does, how to become one, and understand the job outlook. Get simple steps to start your career as a Property Manager today.
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Property Manager
5,082 Job Openings