Property, Real Estate, and Community Association Managers: Salary Guide 2025
The median salary for Property, Real Estate, and Community Association Managers is $69,990, according to the latest Bureau of Labor Statistics data. That’s a mean wage of $83,710, or roughly $34 per hour. Salaries range from $41,010 at the 10th percentile to $139,680 at the 90th.
How much Property, Real Estate, and Community Association Managers earn
Nationally, the median annual wage is $69,990. Half of all managers earn between about $53,000 and $96,000 (the interquartile range). Top earners pull in six figures, with the highest 10% making over $139,680. Entry-level positions start around $41,010.
Pay varies significantly by property type. Those managing large commercial or luxury residential complexes typically earn more than managers of small rental buildings or homeowners associations. Experience, certifications, and the number of units under management also boost income.
- National median: $69,990
- Mean: $83,710 ($34/hr)
- 10th percentile: $41,010
- 90th percentile: $139,680
Pay by state
Location is a major factor. Washington state tops the list with an average salary of $119,320. Massachusetts ($103,410), Colorado ($100,080), New York ($99,390), and the District of Columbia ($94,080) also pay well above the national median. On the lower end, Louisiana ($49,990), South Dakota ($49,490), and Arkansas ($47,760) trail the pack.
How to become Property, Real Estate, and Community Association Manager
Most managers enter the field with a high school diploma and on-the-job training, but a bachelor’s degree in business, real estate, or a related field is common. Some states require a real estate license. Many managers start as assistants or leasing agents and work their way up.
Certifications like the Certified Manager of Community Associations (CMCA) or Accredited Residential Manager (ARM) can improve job prospects and pay. Continuing education is often required to maintain credentials.
- Step 1: Get a high school diploma (minimum); a bachelor's degree helps.
- Step 2: Gain experience in property management, real estate, or customer service.
- Step 3: Obtain any required state licensing (check your state's real estate commission).
- Step 4: Earn certifications such as CMCA or ARM for career advancement.
- Step 5: Continue education for license renewal and skill updates.
Job outlook
Employment of property, real estate, and community association managers is projected to grow 3.6% from 2024 to 2034, about as fast as the average for all occupations. That translates to roughly 39,000 job openings each year, mostly due to workers leaving the field or retiring. Growth will be driven by new construction and the increasing complexity of managing condos and HOAs.
Frequently asked questions
What does a Property, Real Estate, and Community Association Manager do?
They oversee residential, commercial, or community properties—handling rent collection, maintenance, tenant relations, budgeting, and enforcing association rules.
Do I need a college degree to become one?
Not strictly. Many managers start with a high school diploma and learn on the job, but a bachelor’s degree can help you advance faster. Some states also require a real estate license.
Which state pays the most?
Washington pays the highest average salary at $119,320, followed by Massachusetts ($103,410) and Colorado ($100,080).
Salary figures are U.S. Bureau of Labor Statistics estimates (OEWS / Employment Projections). For informational purposes only; not career or financial advice. See the full Property, Real Estate, and Community Association Managers data.