Employment
348,544
Total employees (Census CBP)
Real Estate and Rental and Leasing ·NAICS 53111
NAICS 53111 · IRS SOI 2023 · Census CBP
Lessors of Residential Buildings and Dwellings - Industry Benchmarks
$55,560/yr average annual pay, with 123 SBA loans on record for NAICS 53111.
- 13.8%
- Real Estate and Rental and Leasing sector margin
- 349K
- Workers employed
- $55,560/yr
- Avg payroll / employee
- $100M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 53111
New York leads Lessors of Residential Buildings and Dwellings activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Real Estate and Rental and Leasing sector runs a 13.8% net margin.
- 13.8%
- Real Estate and Rental and Leasing sector margin (IRS SOI)
- 349K
- Workers employed (Census CBP)
- $55,560/yr
- Avg payroll / employee
- $100M
- SBA lending, FY20–26
Benchmarking Insights for Lessors of Residential Buildings and Dwellings
Lessors of Residential Buildings and Dwellings sits inside Real Estate and Rental and Leasing, a sector that runs a 13.8% net margin overall.
74,459 establishments employ 348,544 workers (4.7/location) at $55,560/yr average annual pay. New York leads employment, followed by California and Texas.
Avg Payroll / Employee
$55,560/yr
Annual compensation
Establishments
74,459
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 3,123; establishment count decreased by 449. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Workforce scale
Financial Detail
- Annual Payroll (Total)
- $19.4B
- Avg Employees per Establishment
- 4.7
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Lessors of Residential Buildings and Dwellings NAICS 531110 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| New York | 43,206 |
| California | 41,705 |
| Texas | 32,191 |
| Florida | 21,082 |
| Georgia | 11,530 |
| Illinois | 11,404 |
| Ohio | 11,195 |
| New Jersey | 10,352 |
| North Carolina | 10,099 |
| Washington | 10,025 |
Showing top 10 of 51 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
123
Total Loan Volume
$100M
Avg Loan Size
$809K
Jobs Supported
939
Program Breakdown
7(a) 113 (92%)
504 10 (8%)
Top SBA Lender
Live Oak Banking Company
11 loans in this industry
New Business Share
35.8% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 19
2021 38
2022 29
2023 31
2024 1
2025 3
2026 2
Frequently Asked Questions
How profitable is Lessors of Residential Buildings and Dwellings?
IRS SOI doesn't publish margin data at the NAICS 53111 level. New York leads this industry nationally. The broader Real Estate and Rental and Leasing sector runs a 13.8% net margin (IRS SOI 2023).
How many businesses are in Lessors of Residential Buildings and Dwellings?
74,459 business establishments. Together they employ 348,544 workers.
What is the average payroll per employee in Lessors of Residential Buildings and Dwellings?
$55,560/yr average annual pay per employee. Businesses average 4.7 employees per establishment.
Which states have the most Lessors of Residential Buildings and Dwellings employment?
New York leads with 43,206 workers. California (41,705) and Texas (32,191) round out the top three.
How much SBA lending does Lessors of Residential Buildings and Dwellings receive?
Lessors of Residential Buildings and Dwellings businesses received 123 SBA loans totaling $100 million between FY2020 and FY2026. The average loan size was $809K. These loans supported 939 jobs at origination. Most lending (92%) came through the SBA 7(a) program.
Comparable industry benchmarks
These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.
How this ranks: Its Census employment total exceeds 87% of that same 551-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
- Credit Unions 348,545
- Other Grocery and Related Products Merchant Wholesalers 342,514
- Medical and Diagnostic Laboratories 332,060
Benchmarking Lessors of Residential Buildings and Dwellings
- No margin data, check the parent industry. Browse Real Estate and Rental and Leasing
- 74,459 establishments, 348,544 workers. Payroll benchmarks
- 123 SBA loans on record. SBA lending rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 53111 · Data year: 2023
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.