Property and Real Estate Manager Salary in the United States
Based on 248K+ data points from BLS and H-1B filings
Median Annual Salary
$65,763
$31.617/hr
▲ 5.3% vs 2023Salary Range
$73K – $178K
10th – 90th percentile
Total Employed
248K
workers nationwide
Property and Real Estate Manager salary in the United States averages $65,763 annually, reflecting the earning potential across this diverse field. With approximately 247,560 professionals currently employed in this role, property and real estate managers oversee residential and commercial properties, handle tenant relations, and manage maintenance operations nationwide.
Compensation for Property and Real Estate Manager positions varies significantly based on several key factors, including geographic location, property size and type, years of experience, and employer size. Salaries typically range from $73,290 to $178,390 annually, with managers in high-cost urban markets and those overseeing premium commercial properties commanding higher wages than their counterparts in smaller markets or residential-only roles.
Salary Distribution — Property and Real Estate Manager
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $73,290 |
| 25th percentile | $90,570 |
| Median (50th percentile) | $65,763 |
| 75th percentile | $141,300 |
| 90th percentile | $178,390 |
Property and Real Estate Manager Salary by State
Top 10 Highest-Paying States for Property and Real Estate Manager
| # | State | Median Salary | vs National | Employed |
|---|---|---|---|---|
| 1 | Washington | $118,470 | +80.1% | 3K |
| 2 | Colorado | $103,790 | +57.8% | 2K |
| 3 | Massachusetts | $89,140 | +35.5% | 6K |
| 4 | District of Columbia | $86,040 | +30.8% | 2K |
| 5 | Virginia | $84,360 | +28.3% | 5K |
| 6 | Maryland | $80,800 | +22.9% | 5K |
| 7 | Rhode Island | $79,710 | +21.2% | 600 |
| 8 | New Jersey | $78,350 | +19.1% | 6K |
| 9 | New York | $77,320 | +17.6% | 13K |
| 10 | Connecticut | $76,030 | +15.6% | 3K |
Historical Salary Trend — Property and Real Estate Manager
| Year | Median Salary (United States) |
|---|---|
| 2022 | $59,378 |
| 2023 | $62,438 |
| 2024 | $65,763 |
Property and Real Estate Manager Salary by Experience Level
Frequently Asked Questions
How much do property and real estate managers make per hour in the US?
- Property and real estate managers earn a median hourly rate of $32/hour in the United States. This translates to an annual median salary of $65,763, though hourly rates can vary based on experience, location, and employer.
What city pays the highest salary for property managers?
- Washington offers the highest salary for property and real estate managers at $118,470 per year. This is significantly higher than the national median of $65,763, making it one of the most lucrative markets for this profession.
What is the salary range for real estate managers in the United States?
- The salary range for property and real estate managers spans from $73,290 to $178,390 per year. This wide range reflects differences in experience level, geographic location, company size, and specialized expertise.
How many property managers are employed in the US?
- There are currently 247,560 property and real estate managers employed across the United States. This represents a substantial workforce managing residential, commercial, and mixed-use properties nationwide.