As the Great Resignation continues, companies are driven to review salary and compensation packages for professionals in the rental housing industry. CEL & Associates, Inc. breaks down the median base salary, 75th percentile base salary and employee bonuses as a percent of salary. The survey from CEL & Associates covers more than 145,000 incumbents from over 340 companies.
The 50th percentile is the value that is the midpoint of the range of values re-ported for that variable (also referred to as the median).
The 75th percentile is the value that is the breakpoint where 75% of the values reported for that variable are lower.
Actual bonus is represented by the average annual incentive award earned (reported) for goals achieved in 2020.
See details on how to purchase the entire survey, which includes metro area salary data.
Position Name | Median Base Salary | 75th Base Salary | Average Actual Bonus |
Top Division Executive |
358,000 | 472,400 | 90.4% |
Top Acquisitions Executive | 240,500 | 331,500 | 119.3% |
Acquisitions Director/Manager |
171,000 | 228,000 | 49.8% |
Acquisitions Associate |
102,800 | 128,700 | 21.9% |
Top Asset Management Executive |
259,600 | 318,900 | 82.6% |
Senior Asset Management Executive |
180,300 | 267,100 | 38.5% |
Portfolio Manager |
129,700 | 156,800 | 24.0% |
Senior Asset Manager |
127,500 | 161,000 | 27.9% |
Asset Manager |
100,700 | 122,800 | 19.1% |
Top Property Mgmt. Executive |
291,600 | 389,200 | 79.7% |
Vice President Property Management |
193,200 | 250,500 | 32.3% |
Regional Property Manager |
126,500 | 150,300 | 19.8% |
Senior Property Manager |
90,400 | 110,700 | 18.3% |
On-Site Community Mgr. I (<150 units) |
53,300 | 62,900 | 15.7% |
On-Site Community Mgr. II (150-300 units) |
65,800 | 76,200 | 17.1% |
On-Site Community Mgr. III (301-450 units) |
75,300 | 85,700 | 17.3% |
On-Site Community Mgr. IV (>450 units) |
82,400 | 98,600 | 18.5% |
Assistant Property Manager |
45,700 | 54,200 | 13.4% |
Onsite Administrator |
47,600 | 58,300 | 9.2% |
Resident Services Manager |
57,000 | 74,400 | 10.1% |
Concierge |
41,600 | 51,100 | 8.1% |
Operations Analyst |
84,500 | 103,700 | 8.7% |
Operations Director/Manager |
99,800 | 145,200 | 17.6% |
Regional/Portfolio Maintenance Engineer |
100,400 | 116,700 | 11.8% |
Maintenance Supervisor/Lead Engineer |
58,800 | 69,200 | 9.8% |
Maintenance Engineer/Technician II (mid-level) |
46,400 | 53,500 | 6.1% |
Maintenance Engineer/Technician I (entry-level) |
42,000 | 47,000 | 6.9% |
Make Ready Maintenance Tech |
37,800 | 44,100 | 5.4% |
Groundskeeper/Porter |
30,600 | 34,800 | 4.8% |
Housekeeper/Custodian/Janitorial |
30,800 | 35,800 | 5.1% |
Senior Leasing Executive |
107,200 | 137,700 | 60.9% |
Leasing Manager |
48,000 | 62,400 | 26.9% |
Typical Leasing Agent/Representative |
36,400 | 42,700 | 20.3% |
Regional Marketing Director/Manager |
96,100 | 115,100 | 17.8% |
Top Development Executive |
291,900 | 384,900 | 104.1% |
Vice President/Director Development |
202,600 | 276,500 | 46.6% |
Senior Development Manager |
177,000 | 208,500 | 30.6% |
Development Manager |
134,100 | 195,500 | 22.4% |
Senior Project Manager |
150,800 | 201,800 | 21.6% |
Project Manager |
123,000 | 147,700 | 20.6% |
Project Analyst |
86,200 | 93,700 | 21.0% |
Project Administrator |
65,900 | 75,200 | 12.1% |
Top Land Engineering Executive |
150,800 | 188,100 | 15.7% |
Top Construction Executive |
227,100 | 288,500 | 55.2% |
Construction Manager |
116,800 | 159,800 | 18.5% |
Construction On-Site Manager |
109,700 | 128,800 | 19.2% |
Source: CEL & Associates, Inc./CEL Compensation Advisors, LLC © 2021 National Real Estate Compensation Survey - All Rights Reserved. Not to be referenced without written permission.
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