75+ Property Management Statistics: Digital Revolution (2025)

The property management industry is experiencing a digital revolution in 2025. We’ve compiled 75+ essential statistics from REsimpli’s research and trusted third-party sources across eight key categories, providing property managers, investors, and industry professionals with crucial insights into current trends and future opportunities.

Top Property Management Statistics (Editor’s Pick)

These hand-picked statistics represent the most impactful trends shaping the property management industry today. This curated selection highlights key developments in market growth, tenant preferences, and investment patterns that define the current landscape.

• 62.67% of people in REsimpli’s survey believe urban housing will become more affordable in 2025
• 72.58% of respondents in REsimpli’s survey would opt to increase their mortgage terms to be able to afford a home in 2025
• The U.S. property management market is expected to grow from $81.52 billion in 2025 to $98.88 billion by 2029
• The median property management salary in the U.S. is $58,760 per year
• Around 80% of tenants prefer paying rent online
• Approximately 20% of landlords have experienced property damage exceeding $5,000
• 62.83% of people looking to buy a new home are seeking lifestyle changes
• 70% of property investors own just one investment property

Market Size & Growth

The property management industry represents a significant economic force, with current revenues exceeding $119 billion. These statistics reveal the sector’s growth trajectory and technological transformation, showing how the industry continues to evolve in both traditional services and digital solutions.

• The global property management market is projected to reach $28 billion by 2028, with a CAGR of 7.5%
• The U.S. property management market is expected to grow from $81.52 billion in 2025 to $98.88 billion by 2029
• Property management industry revenue for 2023: $119.8 billion
• Industry revenue declined in 2024: -0.58%, down $700 million from 2023
• Industry revenue growth from 2014-2024: Average annual growth rate of 3.70%
• The property management software market is valued at $3.04 billion, with a projected CAGR of 45.6% from 2022 to 2030
• Cloud-based property management software contributed to 58% of the market revenue in 2021

Sources: DoorLoop, iPropertyManagement, ScottMax, Grand View Research

Industry Structure & Employment

The property management industry’s workforce and business landscape provide crucial insights into this growing sector’s composition. These statistics highlight the industry’s employment demographics, salary benchmarks, and business distribution, painting a clear picture of the sector’s structure.

• The property management industry employs approximately 910,000 individuals, with 720,000 working in residential property management
• The industry workforce includes 59.5% women and 36.5% men
• There are over 304,000 property management businesses in the U.S., with 238,000 focusing on residential properties
• The median property management salary in the U.S. is $58,760 per year
• Only 34% of property managers are members of the National Association of Residential Property Managers (NARPM)
• Most property managers (39%) have worked in the industry for three to ten years
• Only 13% of property management companies manage to earn over $1 million in annual revenue 

Sources: DoorLoop, ScottMax, Buildium, 2nd Kitchen

Property Portfolio & Management Metrics

Understanding portfolio sizes and management practices provides essential context for the industry’s operational dynamics. These statistics reveal the scale of property management operations and service delivery models, from individual landlords to large-scale portfolio management.

• About 35% of property managers handle between 101 and 500 units
• The leading property management company manages 798,272 rental units as of 2025
• The top 20 U.S. property management companies manage 3.227 million rental units (7.15% of all rented homes)
• Property management firms typically charge between 8%–12% of monthly rent for their services
• The average landlord owns 3 rental properties
• 70% of property investors own just one investment property
• Over 75% of U.S. property managers handle maintenance, repairs, and rent collection

Sources: DoorLoop, U.S. Census Bureau, ScottMax, MySmartMove, CoreLogic, Strategic Market Research

Tenant & Rental Trends

Tenant preferences and rental behaviors shape the strategies property managers must adopt in today’s market. These statistics reveal current renter demographics and housing priorities, showing how digital innovation and social attitudes are transforming rental demands.

• 61% of renters prefer to sign annual lease agreements
• The average tenant stays in a rental property for about 3 years
• Millennials account for 28% of all renters in the U.S.
• 74% of renters prioritize energy-efficient properties when choosing a rental
• 54% of renters prefer properties with smart home features
• 72% of tenants prefer digital communication over traditional methods
• The vacancy rate is 6.8% nationwide
• 68% of renters prefer renting over homeownership due to financial flexibility
• 56.00% of people would opt for suburban housing
• 67.42% of people believe modular/small homes are becoming mainstream
• 62.67% of people in REsimpli’s survey believe urban housing will become more affordable in 2025
• 72.58% of respondents in REsimpli’s survey would opt to increase their mortgage terms to be able to afford a home in 2025

Sources: REsimpli, DoorLoop, OnRentMe, Strategic Market Research, ScottMax

Technology & Digital Transformation

The digital transformation of property management is reshaping how properties are operated in today’s tech-driven environment. These statistics showcase the adoption of digital tools and automated solutions, revealing how technology is modernizing property management practices.

• 65% of property management companies have implemented AI-driven tenant screening tools
• The percentage of online rent payments has grown by 18% in the past year
• 85% of property managers believe that technology adoption is critical for their business success
• 80% of Millennials prefer 3D virtual tours when considering a home purchase
• 67% of real estate investors use property management software to streamline operations
• 48% of property management firms have adopted automated lease management systems
• Around 80% of tenants prefer paying rent online

Sources: OnRentMe, DoorLoop, ScottMax, Scanlans Property Management

Financial & Revenue Metrics

Understanding the financial dynamics of property management is crucial for industry success. These statistics provide insights into key revenue drivers, operational costs, and financial challenges that shape the modern property management landscape.

• The average cost of property maintenance has increased by 12% in 2024
• The average cost of tenant turnover is about $1,750
• The average security deposit is equivalent to one month’s rent
• The average annual gross rental income for landlords is approximately $20,000
• The average cost of property maintenance is about 1% of the property’s value per year
• 41% of property managers cite late rent payments as a top challenge
• 89% of renters believe paying rent on time should positively impact their credit score

Sources: ScottMax, DoorLoop, OnRentMe

Operational Challenges & Management

Property managers face a complex array of daily operational hurdles that directly impact their efficiency. These statistics reveal the time-intensive nature of maintenance, compliance requirements, and key risks in today’s property management landscape.

• 39% of property managers say they spend more than 20 hours per month handling maintenance requests
• 24% of property managers have seen an increase in evictions due to economic conditions
• Approximately 25% of landlords have faced legal disputes with tenants
• For 61% of landlords, maintenance is the worst aspect of the job
• 56% of block managers say that legal and compliance issues are their biggest operational challenge
• Around 60% of property managers report that compliance regulations have increased their workload
• Approximately 20% of landlords have experienced property damage exceeding $5,000
• The average time to fill a vacant rental property is about 3 weeks

Sources: DoorLoop, Scanlans Property Management, Business Wire

Geographic Distribution & Regional Trends

The distribution of property management activity across different regions reveals crucial market dynamics. These statistics highlight how location and regional economic factors shape property management trends across urban, suburban, and rural markets.

• California, Texas, and Florida collectively account for approximately 40% of the U.S. property management market
• California has the highest number of property management companies, with 54,173
• Hawaii has three times as many property managers as the national average
• San Francisco remains the most expensive U.S. rental market, with an average rent exceeding $3,000 per month
• Approximately 35% of landlords have rental properties in urban areas
• Approximately 50% of landlords have rental properties in suburban areas
• Around 15% of landlords have rental properties in rural areas
• 62.83% of people looking to buy a new home are seeking lifestyle changes
• 65.00% of people think cultural shifts will significantly impact housing demand 

Sources: REsimpli, Strategic Market Research, OnRentMe, ScottMax, iPropertyManagement

Market Sentiment & Future Outlook

• 45.58% of people are mostly concerned about high property prices in 2025
• 80.42% of people would spend significantly on renovations for a property if they can get an affordable home
• 63.92% think economic factors and rising interest rates will impact home purchases in 2025
• 33.67% of people think that the housing market is worsening in 2025
• 61.5% of people believe that institutional landlords will affect people’s purchasing ability

Sources: REsimpli

Conclusion

The property management industry is experiencing rapid digital transformation, with high tech adoption rates and strong market growth projected to reach $98.88 billion by 2029. This technology-driven shift has major implications for operations and tenant satisfaction. Success in property management will increasingly depend on balancing digital innovation with service excellence.