NAICS Code 531311-04 - Homes-Proprietary

Marketing Level - NAICS 8-Digit

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NAICS CODE 531311-04
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NAICS Code 531311-04 Description (8-Digit)

The Homes-Proprietary industry involves the management and leasing of single-family homes that are owned by individuals or small companies. These homes are typically rented out to tenants for residential purposes. The industry includes a range of services such as property maintenance, rent collection, tenant screening, and lease negotiation. Homes-Proprietary companies are responsible for ensuring that the properties they manage are in good condition and that tenants are satisfied with their living arrangements.

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 531311 page

Tools

Tools commonly used in the Homes-Proprietary industry for day-to-day tasks and operations.

  • Property management software
  • Tenant screening software
  • Accounting software
  • Maintenance tracking software
  • Online rent payment platforms
  • Lease agreement templates
  • Inspection checklists
  • Marketing materials (e.g. flyers, brochures)
  • Maintenance tools (e.g. lawn mowers, power tools)
  • Cleaning supplies

Industry Examples of Homes-Proprietary

Common products and services typical of NAICS Code 531311-04, illustrating the main business activities and contributions to the market.

  • Single-family home management
  • Residential property management
  • Home leasing services
  • Property maintenance and management
  • Tenant screening and placement
  • Lease negotiation and management
  • Rent collection services
  • Property inspection services
  • Homeowner association management
  • Property marketing and advertising

History

A concise historical narrative of NAICS Code 531311-04 covering global milestones and recent developments within the United States.

  • The Homes-Proprietary industry has a long history dating back to the early 20th century when the first proprietary homes were built in the United States. These homes were built by companies that owned the land and the homes, and then leased them to tenants. In the 1950s, the industry experienced a boom as the post-war housing shortage led to an increase in demand for affordable housing. During this time, many proprietary homes were built to meet the demand. In recent years, the industry has seen a shift towards more sustainable and energy-efficient homes, with many companies investing in green technologies and materials. In addition, the rise of the sharing economy has led to the emergence of new business models, such as home-sharing platforms, which have disrupted the traditional proprietary home model.