Analysis
NAICS 53111 is the 2022 NAICS industry for lessors of residential buildings and dwellings, part of 5311 (Lessors of Real Estate).
It has only one more detailed code, 531110, which covers exactly the same activities; the definition, index entries and statistics are on that page.
County Business Patterns counts 74,459 US establishments in this code in 2023, employing 348,544 people at an average annual payroll of $55,560 per employee (25th percentile of national industries). 74% of the establishments have fewer than five employees, which marks it as a small-business industry.
By establishments it ranks 1st of the 4 codes at this level within Lessors of Real Estate, with 54.5% of them.
Between 2018 and 2023 the number of establishments grew 4% and employment rose 0%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.
Official definition
See industry description for 531110.
Source: US Census Bureau, NAICS 2022 Manual.