How Much Does a Residential Property Manager make?

Residential Property Manager made a median salary around $93,129 in December, 2024. The best-paid 25 percent made $103,500 probably that year, while the lowest-paid 25 percent made around $84,607. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Check out Residential Property Manager jobs in Alaska

RESIDENTIAL MANAGER

All Ways Caring HomeCare - Homer, AK

Property Claims Specialist

Holland America/Princess Alaska-Yukon Land Operations - Fairbanks, AK

Property Claims Specialist

Holland America/Princess Alaska-Yukon Land Operations - Anchorage, AK

Daily Property Field Adjuster

Alacrity Solutions - Anchorage, AK

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Best-Paying Cities for Residential Property Manager

The metropolitan areas that pay the highest salary in the Residential Property Manager profession are Fort Wainwright , North Pole , Fairbanks , Eielson Afb , Jber .
Fort Wainwright, AK $94,924
North Pole, AK $94,924
Fairbanks, AK $94,924
Eielson Afb, AK $94,668
Jber, AK $94,240

Best-Paying States for Residential Property Manager

The states and districts that pay Residential Property Manager the highest salary are District of Columbia (around $95,181) , California (around $94,326) , New Jersey (around $93,727) , Alaska (around $93,129) , and Massachusetts (around $93,043) .
District of Columbia $95,181
California $94,326
New Jersey $93,727
Alaska $93,129
Massachusetts $93,043

What is the Career Path of Residential Property Manager?

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Residential Property Manager, the first career path typically starts with a Commercial Property Manager III position , and then progresses to Vice President of Commercial Property Management.

The second career path typically progresses to Property Manager, Senior.

Additionally, the third career path typically starts with a Residential Property Manager III position , and then progresses to Area Residential Property Manager.

Frequently Asked Questions for Residential Property Manager

Q: What is the salary range of Residential Property Manager in Alaska?
A: In 2024 , the lowest-paid Residential Property Manager in Alaska earned an average annual salary of $84,607 , while the highest-paid made $103,500.
Q: What is the salary for a Residential Property Manager in California?
A: Residential Property Manager employed in California earned an average salary of $94,326 in 2024.

Average Residential Property Manager Pay vs. Other Jobs

Residential Property Manager earned an average salary of $93,129 in 2024. Other jobs related to Residential Property Manager earned the following average salary in December, 2024. Assistant Residential Property Manager made $55,166 , Residential Property Manager III made $111,772 , Residential Property Manager II and Area Residential Property Manager made $92,366 and $146,322 respectively .

Relevant Jobs of Residential Property Manager

Assistant Residential Property Manager - Average Salary $55,166
Assistant Residential Property Manager supports residential property managers in the operation of one or more residential properties or communities. Coordinates sales/leasing, tenant relations, maintenance, and other support activities. Being an Assistant Residential Property Manager may require a bachelor's degree in related area. Typically reports to a residential property manager. The Assistant Residential Property Manager occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be an Assistant Residential Property Manager typically requires 2 -4 years of related experience.
Residential Property Manager III - Average Salary $111,772
Residential Property Manager III manages the daily operations of one or more larger or more complex residential properties or communities. Oversees sales/leasing, tenant relations, maintenance, and other support activities. Being a Residential Property Manager III manages property budgets, collections and/or property improvement initiatives. May supervise lower-level property managers. Additionally, Residential Property Manager III typically requires a bachelor's degree in related area or equivalent. Typically reports to a head of a unit/department. The Residential Property Manager III typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Residential Property Manager III typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.
Residential Property Manager II - Average Salary $92,366
Residential Property Manager II manages the daily operations of one or more residential properties or communities. Oversees sales/leasing, tenant relations, maintenance, and other support activities. Being a Residential Property Manager II typically responsible for managing property budgets, collections and/or property improvement initiatives. May require a bachelor's degree in related area. Additionally, Residential Property Manager II typically reports to a head of a unit/department. The Residential Property Manager II manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Residential Property Manager II typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
Area Residential Property Manager - Average Salary $146,322
Area Residential Property Manager leads residential property management activities in a given geographic area to maximize sales, profitability, and tenant satisfaction. Develops and implements operational policies. Being an Area Residential Property Manager trains and manages individual property managers. Ensures that properties meet established quality standards. Additionally, Area Residential Property Manager may support marketing and investor relations. May handle escalated tenant matters. Typically requires a bachelor's degree in related area or equivalent. Typically reports to top management. The Area Residential Property Manager manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be an Area Residential Property Manager typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function.
Residential Property Manager I - Average Salary $81,376
Residential Property Manager I manages the daily operations of one or more residential properties or communities. Oversees sales/leasing, tenant relations, maintenance, and other support activities. Being a Residential Property Manager I may be responsible for managing property budgets, collections and/or property improvement initiatives. May require a bachelor's degree in related area. Additionally, Residential Property Manager I typically reports to a head of a unit/department. The Residential Property Manager I supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/ production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. To be a Residential Property Manager I typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes.