In Ohio, apartments and their residents contribute more than $54.7 million to the state economy every day. There are 1.1 million apartment residents, over 665,100 apartment homes, representing $20 billion in economic contribution and supporting 203,600 jobs.
In the United States, apartments and their residents contribute more than $3.6 billion to the national economy every day. There are 38.7 million apartment residents, over 20.7 million apartment homes, representing $1.3 trillion in economic contribution and supporting 12.3 million jobs.
Demand for apartment homes is growing.
With all this demand, there are less than ten Property Management degreed programs nationwide producing less than 250 graduates annually. The average Property Management student from these programs has two to three full-time offers for employment at or before the time of graduation and nearly all of them have 100% placement rates.
Within 12 months of hire, an employee with a real estate/property management degree and property management internship expoerience will likely:
- Manage an apartment community/home of 262 families
- Manage a budget of $3.8 million
- Manage a real estate asset valued at over $20,000,000
- Manage a team of 5
(Source: 2018 National Apartment Association Survey of Income and Expenses)