Real Estate Appraiser, Residential Salary

Annual compensation for Residential Real Estate Appraisers is typically heavily supplemented by bonuses and commissions and totals around $52K (including $63K from bonuses and commissions). Experience level and the particular city each impact pay for this group, with the former having the largest influence. Health benefits are not claimed by all — approximately one in three lack any form of coverage — but more than half have medical insurance, and slightly more than half have dental, too. The majority of Residential Real Estate Appraisers (65 percent) survey respondents are male. Most Residential Real Estate Appraisers report high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.

$33,985 - $97,678
(Median)
$34K
$52K
$98K
MEDIAN: $51,740
10%
50%
90%

Add this chart to your site: 640px    300px

$13.34 - $40.00
(Median)
$13
$24
$40
MEDIAN: $23.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$33K$66K$99K
Salary
$33,985 - $97,678  
   
Bonus
$0.00 - $8,054  
Profit Sharing
$2,000  
Commission
$62,500  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,144 - $98,336  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 238
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$20$40$60
Hourly Rate
$13.34 - $40.00  
   
Overtime
$25.33 - $57.38  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $8,054  
   
Commission
$62,500  
Profit Sharing
$2,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,144 - $98,336  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 44
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Job Description for Real Estate Appraiser, Residential

A residential real estate appraiser assesses homes' values for loan, tax, insurance, and other purposes. The appraiser evaluates single-family homes, land, and condominiums, among other residential properties. To obtain an objective and accurate valuation for property, the appraiser needs examine factors such as the history of the property, market trends, an in-person assessment of its condition, and the selling prices of similar homes in the area. After the appraisal has been carried out, the appraiser makes a report documenting the evidence for their valuation; these documents are then given to the appropriate parties, such as the appraiser's manager, a bank, and/or the customer intending to purchase the home.

Read More...

Real Estate Appraiser, Residential Tasks

  • Conduct inspections of properties to identify factors which could influence property value.
  • Research property sales history, value of neighboring homes, and the value of homes in the region.
  • Calculate estimates of the value of property for sales, mortgages, and loans.
  • Create written reports detailing estimation process and results.

Common Career Paths for Real Estate Appraiser, Residential


Add this chart to your site:   640px 640px    300px 300px


For Residential Real Estate Appraisers, progressing to a Real Estate Appraisal Manager role may result in a significant raise. On average, a Real Estate Appraisal Manager can earn $78K annually. More often than not, a Real Estate Appraiser & Assessor role is the next step for Residential Real Estate Appraisers moving up in the field. Pay for Real Estate Appraisers and Assessors is usually $42K. Many Residential Real Estate Appraisers choose to take on a Commercial Real Estate Appraiser role instead, where salaries are typically $64K.

Real Estate Appraiser Job Listings

Search for more jobs:


Pay by Experience Level for Real Estate Appraiser, Residential

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience does not seem to be a strong driver of pay increase in this role. The average worker who claims fewer than five years of experience earns around $42K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $52K. People with 10 to 20 years of experience make an average of about $57K in this role. Residential Real Estate Appraisers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $62K.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Real Estate Appraiser, Residential Salaries

Late-Career
up arrow 20%

Experienced
up arrow 10%

Mid-Career
0%

National Average
$52,000

Entry-Level
up arrow 20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 39 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
2%
1-4 years
18%
5-9 years
23%
10-19 years
34%
20 years or more
23%

Common Health Benefits

medical benefits
Medical: 65%
dental benefits
Dental: 53%
medical benefits
Vision: 43%
dental benefits
None: 34%
ADVERTISEMENT