Platform profile · Cloud property-management operating system

AppFolio Property Manager

AppFolio · Public company · Est. 2006

Professional residential and mixed-portfolio property managers

Research snapshot · September 14, 2026 · Figures and pricing retain their individual source dates.

Custom quotePlan, modules & portfolio determine price
≈ 20 yearsCompany age; product launch may differ
10 sourcesOriginal reference records linked below

Platform overview

AppFolio is a public software company founded in 2006 and focused on the operating needs of real-estate businesses. Its Property Manager product is a management system rather than primarily a consumer rental-search destination. The sourced September market-capitalization snapshot was approximately $7.38 billion for AppFolio as a company. That figure can be compared with other listed-company equity values, but it is not directly comparable with an acquisition price that includes debt or a private-company fundraising total. S013S002

AppFolio reported 22,751 property-management customers and approximately 9.6 million units at June 30, 2026. These are separate operating measures: one customer may manage a large portfolio, while each unit can house more than one resident. Historical private financing is approximately $30 million from the disclosed pre-IPO rounds, including an $8 million financing reported in August 2009. The funding reconstruction is less authoritative than the recent operating disclosures, and neither the unit total nor website traffic is used to invent a tenant count. S016S017S014S015

The platform connects accounting, reporting, marketing, leasing, payments, maintenance and communications in a common operating environment. Its current package structure also includes RealmX automation, with more advanced accounting, workflow and integration capabilities differentiated across tiers. This breadth makes it relevant to managers seeking fewer disconnected systems and a consistent operating record across a growing portfolio. However, the useful comparison is the exact package and services being purchased, because advanced APIs and specialized capabilities are not automatically included in every plan. S019

Customers use AppFolio through a browser, and a native AppFolio Property Manager application is verified on iOS. Residents have a separate Online Portal by AppFolio experience available on the web and through both iOS and Android applications. The resident portal supports rent payments, maintenance requests and document access, rather than exposing the manager’s complete accounting environment. This role separation is important when evaluating mobile coverage: the presence of a resident Android app does not by itself establish identical operator functionality across every device. S020S021

Current Core, Plus and Max prices require a sales quote; the vendor no longer presents a reliable public dollar-per-unit schedule on the reviewed pricing page. Core specifies a 50-unit minimum and a minimum-spend condition, but the dollar minimum was not disclosed. Payment processing, screening, implementation and selected services should be checked in the actual proposal instead of assumed to be included. For a buyer, the practical cost comparison is the complete annual contract and expected transaction volume, not an old third-party entry price. S019

Features & workflow fit

Cloud property-management operating system. Primarily US-facing; international scope depends on product.

  • Property accounting
  • reporting
  • marketing and leasing
  • payments
  • work orders
  • inspections
  • resident and owner communications
  • RealmX automation
  • tier-dependent APIs
Feature sources S019, S013
Property discovery
Manager listings and marketing workflows, rather than a general consumer housing-search brand
Typical customer
Professional residential and mixed-portfolio property managers
Material limitations
Historical online per-unit price lists were not treated as current prices. Portfolio fit and data-access features differ by tier.

Pricing, fees & commitments

Custom quote · Quote-based Core, Plus and Max plans Pricing evidence S019
Pricing model
Quote-based Core, Plus and Max plans
Pricing tiers
Current dollar rates not publicly posted; Core, Plus and Max require a sales quote
Starting monthly (usd)
Not disclosed / not verified; see related status notes.
Month-to-month starting price (USD)
Not disclosed / not verified; see related status notes.
Starting per-unit monthly rate (USD)
Not disclosed / not verified; see related status notes.
Minimum monthly charge (USD)
Not disclosed / not verified; see related status notes.
Minimum units
50
Minimum spend note
Core has a 50-unit minimum and a minimum-spend condition; current dollar minimum not disclosed
Screening fee note
Not disclosed / not verified; see related status notes.
Payment fee note
Payments, screening and other value-added services may have separate fees; obtain written quote
Trial note
Not disclosed / not verified; see related status notes.
Contract setup note
Implementation, modules and contract terms require quote review
Pricing verified date
2026-09-14

Website, apps & resident access

Android availability is directly verified for the resident portal; no unsupported claim of full manager-app feature parity. App evidence S020, S021
Website url
https://www.appfolio.com/
Website available
Yes
Web app available
Yes
Ios app available
Yes
Ios app names
AppFolio Property Manager; Online Portal by AppFolio
Android app available
Yes
Android app names
Online Portal by AppFolio (resident app verified)
Manager mobile access
AppFolio Property Manager native iOS app verified; browser application; separate resident mobile ecosystem
Resident web access
Online Portal by AppFolio

Customers, properties, units & residents

These are separate operating populations. No unit count is converted into a tenant estimate.

MetricReported figure, definition & date
CustomersExact reported count 22,751Property-management customers · 2026-06-30 Sources S016, S017, S018
Operational propertiesNot disclosedNot publicly disclosed / not verified Sources S016, S017, S018
Advertising propertiesNot disclosedNot verified as a separate numeric population Sources S016, S017, S018
Active rental listingsNot disclosedNot verified as a separate numeric population Sources S016, S017, S018
UnitsApproximately 9.6MUnits under management on the property-management platform; not tenants · 2026-06-30 Sources S016, S017, S018
LeasesNot disclosedNot verified as a separate numeric population Sources S016, S017, S018
Residents / tenantsNot disclosedNot publicly disclosed / not verified; units are not converted to people Sources S016, S017, S018

A customer can manage many units. Unit and customer totals are dated June 2026 and do not represent distinct resident people.

Company history, value & funding

Financial referenceValue and scope
Public company / parent market cap$7.38BAppFolio corporate equity, not a separate product valuation · snapshot 2026-09-12 · not live Sources S002
Historical transaction / valuationNot establishedNo completed numeric historical valuation recorded Sources S002
Disclosed financing$30MApproximate historical pre-IPO private rounds; secondary reconstruction Undisclosed does not mean zero. Acquisition and IPO proceeds are not automatically venture funding. Sources S014, S015
Reported exit targetNot recordedAn exit target is not a completed valuation
Founded year
2006
Founding basis
Company founding year
Product launch year
Not disclosed / not verified; see related status notes.
Age years approx
20
Age method
2026 minus founding year; approximate calendar-year age, not completed-anniversary age
Investors
IGSB; other historical investors not exhaustively verified
Latest disclosed round (usd)
$8,000,000
Latest disclosed round date
2009-08
Latest disclosed round type
Historical private financing before public listing
Funding confidence
Medium; historical round reconstruction and contemporaneous reporting
Funding warning
Undisclosed does not mean zero. Acquisition and IPO proceeds are not automatically venture funding.
Valuation warning
Current equity market cap, historical deal value, funding and exit targets are not interchangeable.

Source trail & evidence limits

Historical online per-unit price lists were not treated as current prices. Portfolio fit and data-access features differ by tier. A customer can manage many units. Unit and customer totals are dated June 2026 and do not represent distinct resident people.

Inspect all 126 original CSV fields for this platform

Original field names and values are preserved. Blank cells are shown with their unknown-value policy; the downloadable CSV remains unchanged.

Original fieldOriginal value
projectTenantPlatform.com
research_as_of2026-09-14
selection_order2
platform_idappfolio
platformAppFolio Property Manager
corporate_groupAppFolio
ownership_statusPublic company
categoryCloud property-management operating system
selection_basisMajor-platform editorial shortlist based on documented financial importance, operating scale, longevity and rental-workflow relevance; not a universal global top-ten ranking
geographyPrimarily US-facing; international scope depends on product
website_urlhttps://www.appfolio.com/
founded_year2006
founding_basisCompany founding year
product_launch_yearNot disclosed / not applicable / not verified
age_years_approx20
age_rank_oldest_first9
age_method2026 minus founding year; approximate calendar-year age, not completed-anniversary age
currencyUSD
publicly_traded_entityAppFolio, Inc.
tickerAPPF
exchangeNASDAQ
public_market_cap_rank2
public_market_cap_usd7380000000
public_market_cap_scopeAppFolio corporate equity, not a separate product valuation
market_cap_source_snapshot2026-09-12
market_cap_statusDelayed sourced public-company/parent snapshot; not live September 14 quote
historical_value_usdNot disclosed / not applicable / not verified
historical_value_dateNot disclosed / not applicable / not verified
historical_value_typeNot disclosed / not applicable / not verified
historical_value_statusNot disclosed / not applicable / not verified
reported_exit_target_usdNot disclosed / not applicable / not verified
reported_exit_target_dateNot disclosed / not applicable / not verified
reported_exit_target_statusNot disclosed / not applicable / not verified
valuation_warningCurrent equity market cap, historical deal value, funding and exit targets are not interchangeable.
verified_vc_total_usd30000000
disclosed_funding_sum_usd30000000
funding_statusApproximate historical pre-IPO private rounds; secondary reconstruction
latest_disclosed_round_usd8000000
latest_disclosed_round_date2009-08
latest_disclosed_round_typeHistorical private financing before public listing
investorsIGSB; other historical investors not exhaustively verified
funding_confidenceMedium; historical round reconstruction and contemporaneous reporting
funding_warningUndisclosed does not mean zero. Acquisition and IPO proceeds are not automatically venture funding.
customers_count22751
customers_operatorExact reported count
customers_definitionProperty-management customers
customers_as_of2026-06-30
customer_count_statusNot disclosed / not applicable / not verified
operational_property_countNot disclosed / not applicable / not verified
operational_property_operatorNot disclosed / not applicable / not verified
operational_property_definitionNot disclosed / not applicable / not verified
operational_property_as_ofNot disclosed / not applicable / not verified
operational_property_count_statusNot publicly disclosed / not verified
advertising_property_countNot disclosed / not applicable / not verified
advertising_property_definitionNot disclosed / not applicable / not verified
advertising_property_as_ofNot disclosed / not applicable / not verified
active_rental_listings_countNot disclosed / not applicable / not verified
active_rental_listings_definitionNot disclosed / not applicable / not verified
active_rental_listings_as_ofNot disclosed / not applicable / not verified
units_count9600000
units_operatorApproximately
units_definitionUnits under management on the property-management platform; not tenants
units_as_of2026-06-30
units_evidenceCompany earnings disclosure / filing
units_count_statusNot disclosed / not applicable / not verified
leases_countNot disclosed / not applicable / not verified
leases_definitionNot disclosed / not applicable / not verified
leases_as_ofNot disclosed / not applicable / not verified
tenants_residents_countNot disclosed / not applicable / not verified
tenants_residents_operatorNot disclosed / not applicable / not verified
tenants_residents_definitionNot disclosed / not applicable / not verified
tenants_residents_as_ofNot disclosed / not applicable / not verified
tenant_count_statusNot publicly disclosed / not verified; units are not converted to people
scale_comparability_noteA customer can manage many units. Unit and customer totals are dated June 2026 and do not represent distinct resident people.
overlap_noteNot disclosed / not applicable / not verified
website_availableYes
web_app_availableYes
ios_app_availableYes
android_app_availableYes
manager_mobile_accessAppFolio Property Manager native iOS app verified; browser application; separate resident mobile ecosystem
ios_app_namesAppFolio Property Manager; Online Portal by AppFolio
android_app_namesOnline Portal by AppFolio (resident app verified)
resident_web_accessOnline Portal by AppFolio
native_app_role_caveatAndroid availability is directly verified for the resident portal; no unsupported claim of full manager-app feature parity.
featuresProperty accounting; reporting; marketing and leasing; payments; work orders; inspections; resident and owner communications; RealmX automation; tier-dependent APIs
property_discoveryManager listings and marketing workflows, rather than a general consumer housing-search brand
typical_customerProfessional residential and mixed-portfolio property managers
pricing_verified_date2026-09-14
pricing_modelQuote-based Core, Plus and Max plans
starting_monthly_usdNot disclosed / not applicable / not verified
month_to_month_starting_usdNot disclosed / not applicable / not verified
starting_per_unit_monthly_usdNot disclosed / not applicable / not verified
starting_price_basisNot disclosed / not applicable / not verified
minimum_units50
minimum_monthly_usdNot disclosed / not applicable / not verified
minimum_spend_noteCore has a 50-unit minimum and a minimum-spend condition; current dollar minimum not disclosed
pricing_tiersCurrent dollar rates not publicly posted; Core, Plus and Max require a sales quote
screening_fee_usdNot disclosed / not applicable / not verified
screening_fee_noteNot disclosed / not applicable / not verified
payment_fee_notePayments, screening and other value-added services may have separate fees; obtain written quote
trial_noteNot disclosed / not applicable / not verified
contract_setup_noteImplementation, modules and contract terms require quote review
material_limitationsHistorical online per-unit price lists were not treated as current prices. Portfolio fit and data-access features differ by tier.
data_quality_summaryHistorical online per-unit price lists were not treated as current prices. Portfolio fit and data-access features differ by tier. A customer can manage many units. Unit and customer totals are dated June 2026 and do not represent distinct resident people.
description_p1AppFolio is a public software company founded in 2006 and focused on the operating needs of real-estate businesses. Its Property Manager product is a management system rather than primarily a consumer rental-search destination. The sourced September market-capitalization snapshot was approximately $7.38 billion for AppFolio as a company. That figure can be compared with other listed-company equity values, but it is not directly comparable with an acquisition price that includes debt or a private-company fundraising total. [S013, S002]
description_p2AppFolio reported 22,751 property-management customers and approximately 9.6 million units at June 30, 2026. These are separate operating measures: one customer may manage a large portfolio, while each unit can house more than one resident. Historical private financing is approximately $30 million from the disclosed pre-IPO rounds, including an $8 million financing reported in August 2009. The funding reconstruction is less authoritative than the recent operating disclosures, and neither the unit total nor website traffic is used to invent a tenant count. [S016, S017, S014, S015]
description_p3The platform connects accounting, reporting, marketing, leasing, payments, maintenance and communications in a common operating environment. Its current package structure also includes RealmX automation, with more advanced accounting, workflow and integration capabilities differentiated across tiers. This breadth makes it relevant to managers seeking fewer disconnected systems and a consistent operating record across a growing portfolio. However, the useful comparison is the exact package and services being purchased, because advanced APIs and specialized capabilities are not automatically included in every plan. [S019]
description_p4Customers use AppFolio through a browser, and a native AppFolio Property Manager application is verified on iOS. Residents have a separate Online Portal by AppFolio experience available on the web and through both iOS and Android applications. The resident portal supports rent payments, maintenance requests and document access, rather than exposing the manager’s complete accounting environment. This role separation is important when evaluating mobile coverage: the presence of a resident Android app does not by itself establish identical operator functionality across every device. [S020, S021]
description_p5Current Core, Plus and Max prices require a sales quote; the vendor no longer presents a reliable public dollar-per-unit schedule on the reviewed pricing page. Core specifies a 50-unit minimum and a minimum-spend condition, but the dollar minimum was not disclosed. Payment processing, screening, implementation and selected services should be checked in the actual proposal instead of assumed to be included. For a buyer, the practical cost comparison is the complete annual contract and expected transaction volume, not an old third-party entry price. [S019]
history_source_idsS013
valuation_source_idsS002
funding_source_idsS014; S015
scale_source_idsS016; S017; S018
features_source_idsS019; S013
apps_source_idsS020; S021
pricing_source_idsS019
risk_source_idsNot disclosed / not applicable / not verified
all_source_idsS013; S002; S014; S015; S016; S017; S018; S019; S020; S021
history_source_urlshttps://www.appfolio.com/company/who-we-are/
valuation_source_urlshttps://companiesmarketcap.com/appfolio/marketcap/
funding_source_urlshttps://www.owler.com/company/appfolio/funding | https://www.pacbiztimes.com/2009/08/18/appfolio-gains-8m-more-in-venture-capital/
scale_source_urlshttps://www.sec.gov/Archives/edgar/data/1433195/000143319526000058/appf-20260630.htm | https://www.marketbeat.com/earnings/reports/2026-7-23-appfolio-inc-stock/ | https://ir.appfolioinc.com/news-releases/news-release-details/appfolio-inc-announces-second-quarter-2026-financial-results
features_source_urlshttps://www.appfolio.com/pricing | https://www.appfolio.com/company/who-we-are/
apps_source_urlshttps://apps.apple.com/us/app/appfolio-property-manager/id1057763031 | https://www.appfolio.com/help/online-portal
pricing_source_urlshttps://www.appfolio.com/pricing
risk_source_urlsNot disclosed / not applicable / not verified

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