Real Estate Portfolio Management Statistics 2024
– Everything You Need to Know


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Real Estate Portfolio Management Statistics 2023: Facts about Real Estate Portfolio Management outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Real Estate Portfolio Management, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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Top Real Estate Portfolio Management Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 26 Real Estate Portfolio Management Statistics on this page 🙂

Real Estate Portfolio Management “Latest” Statistics

  • Single-family houses make up around one-third of all rental properties in the U.S., and between 2008 and 2018, the number of SFRs increased by 18%.[1]
  • According to Harvard University research, yearly expenditure on improvements and repairs would increase by 9% year-over-year, and remodeling spending is projected to reach $400 billion by Q3 of 2022.[1]
  • During the pandemic, Florida had the highest rises in single-family rentals, with rates in Sarasota, Port St. Lucie, and Daytona Beach rising by an average of more than 50% between March 2020 and October 2021.[1]
  • Due to suburban migration and a competitive housing market, yearly rent rise on vacant-to-occupied SFRs in the U.S. increased by more than 17%.[1]
  • Residence for humanity according to the most current rent vs. purchase statistics from Realtor.com, rental prices climbed in 65% of U.S. counties in Q1 2020, with 7 California counties ranked among the top 10 counties where it is less expensive to rent.[1]
  • In North America, U.S. property management generated around $88.4 billion in revenue in 2020, an increase of about 8% from the previous year.[1]
  • In the United States, 72.5% of rental properties are owned by individual real estate investors.[1]
  • Most industry analysts concur that 30-year interest rates on fixed-rate mortgages might approach the high 3% to low 4% level.[1]
  • Rent is equivalent to 30% or more of the overall household income for more than 45% of renter families.[1]
  • Realtor.com with combined sales and price growth rates of more than 20%, hidden gem housing areas with significant growth potential in 2022 include Salt Lake City, Boise, Spokane, and Indianapolis.[1]
  • During the pandemic, purchases of vacation houses increased dramatically, about 30% faster than the growth in existing home sales.[1]
  • With many millennials opting to invest in real estate instead, that percentage has dropped to 50%.[1]
  • In the third quarter of 2021, the U.S. market for smart home goods expanded by 9.5% thanks to appliances like home security and monitoring systems. Smart speakers, lights, and thermostats are among the products with the most demand.[1]
  • In the U.S., the average nightly fee for short-term rentals is $202.50, and 60% of stays are seven days or more.[1]
  • Three sun belt cities—Miami, Phoenix, and Las Vegas—saw the fastest single-family rent rise in the U.S., with annual rent increases of 21.4%, 19.2%, and 15.4%, respectively.[1]
  • Between 2007 and 2017, the number of people over 60 who rent climbed by 43%, as retiring baby boomers preferred to rent rather than purchase while downsizing.[1]
  • A facility performing in the 75th percentile receives a score of 75, making it possible for it to get an energy star certification.[2]
  • Use recycled materials for other goods such that the combined value of the post-consumer recycled content and half of the pre-consumer content is at least 10% of the overall value of the materials in the project.[2]
  • Private homes that are leased out on a daily or weekly basis or facilities whose fractional ownership units occupy more than 50% of the floor space, such as condos or holiday timeshares, are not considered hotels.[2]
  • The property should be benchmarked using both the senior living community and multifamily property uses if 50% or more of the units are independent living.[2]
  • A community should be benchmarked as a senior living community if more than 50% of the units are either skilled nursing or assisted living.[2]
  • Reduce the site’s combined potable water consumption inside and outdoors by at least 20% relative to the building’s water use in 2003 or the next year if just one meter is placed.[2]
  • 50% of routinely used locations have occupant-controlled lighting that can be adjusted to meet individual job demands.[2]
  • The average base income for a portfolio manager is $94,152 per year, according to indeed salaries.[3]
  • The U.S. Bureau of Labor Statistics anticipates a 5% increase in the market for real estate portfolio managers, which includes financial analysts, between 2019 and 2029.[3]
  • Based on nontraditional data, including proximity to well-reviewed eateries or changes in the number of adjacent clothing shops, accounted for 60% of rent adjustments.[4]

Also Read

Reference


  1. roofstock – https://learn.roofstock.com/blog/real-estate-facts
  2. energystar – https://portfoliomanager.energystar.gov/pm/dataCollectionWorksheet
  3. indeed – https://www.indeed.com/career-advice/finding-a-job/what-is-portfolio-manager-real-estate
  4. mckinsey – https://www.mckinsey.com/industries/real-estate/our-insights/getting-ahead-of-the-market-how-big-data-is-transforming-real-estate

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Steve Goldstein, founder of LLCBuddy, is a specialist in corporate formations, dedicated to guiding entrepreneurs and small business owners through the LLC process. LLCBuddy provides a wealth of streamlined resources such as guides, articles, and FAQs, making LLC establishment seamless. The diligent editorial staff makes sure content is accurate, up-to-date information on topics like state-specific requirements, registered agents, and compliance. Steve's enthusiasm for entrepreneurship makes LLCBuddy an essential and trustworthy resource for launching and running an LLC.

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