How Much Does a Residential Property Manager make?

Residential Property Manager made a median salary around $93,684 in April, 2025. The best-paid 25 percent made $104,119 probably that year, while the lowest-paid 25 percent made around $85,116. 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 Tacoma, Washington

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Liberty Mutual - Seattle, WA

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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 Kirkland , Medina , Mercer Island , Seattle , Bellevue .
Kirkland, WA $95,746
Medina, WA $95,746
Mercer Island, WA $95,746
Seattle, WA $95,746
Bellevue, WA $95,746

Best-Paying States for Residential Property Manager

The states and districts that pay Residential Property Manager the highest salary are District of Columbia (around $95,902) , California (around $95,538) , Massachusetts (around $94,265) , Washington (around $93,918) , and New Jersey (around $93,884) .
District of Columbia $95,902
California $95,538
Massachusetts $94,265
Washington $93,918
New Jersey $93,884

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 Tacoma, WA?
A: In 2025 , the lowest-paid Residential Property Manager in Tacoma, WA earned an average annual salary of $85,116 , while the highest-paid made $104,119.
Q: What is the salary for a Residential Property Manager in California?
A: Residential Property Manager employed in California earned an average salary of $95,538 in 2025.

Average Residential Property Manager Pay vs. Other Jobs

Residential Property Manager earned an average salary of $93,684 in 2025. Other jobs related to Residential Property Manager earned the following average salary in April, 2025. Assistant Residential Property Manager made $57,487 , Residential Property Manager III made $106,282 , Residential Property Manager II and Residential Property Manager I made $93,549 and $83,743 respectively .

Relevant Jobs of Residential Property Manager

Assistant Residential Property Manager - Average Salary $57,487
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. May require a bachelor's degree in related area. Typically reports to a residential property manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2 -4 years of related experience.
Residential Property Manager III - Average Salary $106,282
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. Manages property budgets, collections and/or property improvement initiatives. May supervise lower-level property managers. Typically requires a bachelor's degree in related area or equivalent. Typically reports to a head of a unit/department. 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. 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 $93,549
Manages the daily operations of one or more residential properties or communities. Oversees sales/leasing, tenant relations, maintenance, and other support activities. Typically responsible for managing property budgets, collections and/or property improvement initiatives. May require a bachelor's degree in related area. Typically reports to a head of a unit/department. 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. 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.
Residential Property Manager I - Average Salary $83,743
Manages the daily operations of one or more residential properties or communities. Oversees sales/leasing, tenant relations, maintenance, and other support activities. May be responsible for managing property budgets, collections and/or property improvement initiatives. May require a bachelor's degree in related area. Typically reports to a head of a unit/department. 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. Typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes.
Area Residential Property Manager - Average Salary $145,251
Leads residential property management activities in a given geographic area to maximize sales, profitability, and tenant satisfaction. Develops and implements operational policies. Trains and manages individual property managers. Ensures that properties meet established quality standards. 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. 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. Typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function.