Homeowner association managers, sometimes called real estate or property association managers, perform a variety of duties. They show and try to rent properties, collect rents, and oversee the maintenance of properties. According to the U.S. Bureau of Labor Statistics, about half -- 49.2 percent -- of property association managers are women.
National Average Pay
As of 2012, the U.S. Bureau of Labor Statistics reported that property and community association managers earned an average of $30.56 an hour and $63,570 a year. Half of those employed reported annual salaries ranging from $37,060 to $76,950. The very highest-paid property and community association managers, the top 10 percent, reported earnings of $113,400 or more per year.
Pay by Employer
According to the BLS, property and community association managers who were employed by lessors of real estate reported an average annual income of $60,300. Those employed directly by the offices of real estate agents earned a bit more, at $65,220 per year, while those employed by business and professional organizations averaged $55,010 per year. Those employed directly by local government agencies reported an average income of $65,640 per year.
Salary by State
As of 2012, the Bureau of Labor Statistics reported that 10 of the 13 highest-paying states for property and community association managers were located in the East. New York reported the very highest average salary for this occupation, at $98,640 per year. Virginia ranked second at $91,300 per year, followed by Nebraska at $88,110, Rhode Island at $82,220 and Colorado at $80,020. Montana reported the lowest average pay for property and community association managers, $34,540.
Between 2010 and 2020, the Bureau of Labor Statistics predicts that jobs for property association managers will grow at a relatively slow rate of 6 percent, significantly slower than the average, economy-wide predicted job growth rate of 14 percent. This will result in the creation of approximately 18,400 new positions by the end of the decade. The bureau expects that candidates with a degree in real estate or business administration will have the best chances of finding work in this field.
- U.S. Bureau of Labor Statistics: May 2012 Wages for Property, Real Estate and Community Association Managers
- U.S. Bureau of Labor Statistics: Property, Real Estate and Community Association Managers
- U.S. Bureau of Labor Statistics: Employed Persons by Detailed Occupation and Sex, 2010 Annual Averages