NAICS Code 531210-02 - Housing-Rental

Marketing Level - NAICS 8-Digit

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NAICS Code 531210-02 Description (8-Digit)

The Housing-Rental industry involves the leasing and management of residential properties to tenants. This industry includes a wide range of rental properties such as single-family homes, apartments, townhouses, and condominiums. Housing-Rental companies are responsible for maintaining the properties, collecting rent, and addressing tenant concerns. This industry is highly competitive and requires a strong understanding of the local real estate market and tenant needs.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 531210 page

Tools

Tools commonly used in the Housing-Rental industry for day-to-day tasks and operations.

  • Property management software
  • Online rental listing platforms
  • Tenant screening services
  • Maintenance and repair tools
  • Accounting and bookkeeping software
  • Lease agreement templates
  • Marketing and advertising tools
  • Tenant communication tools
  • Legal document templates
  • Rent collection tools

Industry Examples of Housing-Rental

Common products and services typical of NAICS Code 531210-02, illustrating the main business activities and contributions to the market.

  • Apartment complexes
  • Single-family home rentals
  • Student housing rentals
  • Senior living rentals
  • Vacation rentals
  • Low-income housing rentals
  • Corporate housing rentals
  • Military housing rentals
  • Co-living rentals
  • Short-term rentals

History

A concise historical narrative of NAICS Code 531210-02 covering global milestones and recent developments within the United States.

  • The Housing-Rental industry has a long history dating back to ancient civilizations where landlords rented out their properties to tenants. In the United States, the industry began to take shape in the early 20th century when the demand for rental housing increased due to urbanization and industrialization. The Great Depression of the 1930s led to the creation of public housing programs, which provided affordable rental housing to low-income families. In the 1960s and 1970s, the industry saw a shift towards multifamily housing, with the construction of high-rise apartment buildings. The 1980s and 1990s saw the rise of the single-family rental market, with investors purchasing homes and renting them out to tenants. In recent years, the industry has seen the emergence of new technologies such as online rental platforms, which have made it easier for landlords and tenants to connect and transact. In the United States, the Housing-Rental industry has experienced significant growth in recent years. The industry has benefited from a strong economy, low unemployment rates, and a growing population. The demand for rental housing has increased due to changing demographics, with more young people and seniors choosing to rent rather than own homes. The industry has also seen the emergence of new business models such as co-living and short-term rentals, which have disrupted traditional rental markets. However, the industry has faced challenges such as rising housing costs, a shortage of affordable housing, and regulatory pressures in some markets.