2022 NAICS national industry in sector 53 Real Estate and Rental and Leasing
531311 Residential Property Managers
NAICS 531311 is the US industry code for residential property managers. This U.S.
- Code
- 531311 (2022 NAICS)
- Title
- Residential Property Managers
- Part of
- Real Estate Property Managers
- SBA small business limit
- Average annual receipts up to $12.5 million
- Closest UK SIC
- 68201, 68202, 68209 (details)
Changes coming. The NAICS 2027 revision applies to data from 1 January 2027, and SBA proposed new size standards on 20 August 2026. The values on this page are the ones in force today; we update this page when the official files change.
Official definition
This U.S. industry comprises establishments primarily engaged in managing residential real estate for others.
When to use a different code
Census classifies these close-sounding activities somewhere else. Businesses mainly engaged in:
- Establishments primarily engaged in managing nonresidential real estate for others are classified in U.S. Industry 531312, Nonresidential Property Managers.
- Establishments primarily engaged in acting as lessors of buildings used as residences or dwellings are classified in Industry 531110, Lessors of Residential Buildings and Dwellings.
- Establishments formed as associations on behalf of individual residential condominium owners or homeowners are classified in Industry 813990, Other Similar Organizations (except Business, Professional, Labor, and Political Organizations).
- Establishments primarily engaged in renting real estate on behalf of owners are classified in Industry 531210, Offices of Real Estate Agents and Brokers.
- Establishments primarily engaged in providing individual activities related to property management (e.g., maintenance, security, landscaping, etc.) are classified in the appropriate industry according to the service provided.
Businesses that use this code
Activities listed under 531311
The Census index assigns these 14 activities to this code. If your business matches one, this is your code.
- Apartment managers' offices
- Condominium managers' offices, residential
- Cooperative apartment managers' offices
- Managers' offices, residential condominium
- Managers' offices, residential real estate
- Managing cooperative apartments
- Managing residential condominiums
- Managing residential real estate
- Property managers' offices, residential real estate
- Property managing, residential real estate
- Real estate property managers' offices, residential
- Residential property managing
- Residential real estate property managers' offices
- Resort or vacation property managers' offices
SBA size standard for 531311
To count as a small business for SBA loans and federal contracts under NAICS 531311, your business (including affiliates) must not exceed $12.5 million in average annual receipts. Check your business.
Source: SBA table of size standards, effective March 17, 2023.
Closest UK SIC 2007 codes
There is no official one-to-one link between NAICS and UK SIC. These codes share the same international class (ISIC Rev. 4: 6820), so treat them as a starting point and check the definition.
- 68201Renting and operating of Housing Association real estateUK SIC
- 68202Letting and operating of conference and exhibition centresUK SIC
- 68209Other letting and operating of own or leased real estateUK SIC
Built from Census concordances 2022→2017 NAICS and 2017 NAICS→ISIC Rev. 4.
Similar codes to compare
Data last changed November 14, 2026. How this page is built.