Residential Real Estate Appraisers in the United States tend to have a good amount of experience under their belt — just under two-thirds have more than 10 years in the field. While pay runs from $32K to $92K per year, median earnings come to $53K per year. Career duration and the particular city each impact pay for this group, with the former having the largest influence. More than two-fifths of professionals in this line of work do not receive benefits; however, more than half report medical coverage and just over two-fifths claim dental coverage as well. The majority of workers are highly satisfied with their job. Men account for the majority of Residential Real Estate Appraisers who responded to the questionnaire — 63 percent to be exact. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$34,826 - $88,533
$35K
$53K
$89K
MEDIAN: $52,789
10%
50%
90%

Add this chart to your site: 640px    300px

$12.92 - $41.43
$13
$23
$41
MEDIAN: $22.00
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$31K$62K$93K
Salary
$34,826 - $88,533  
   
Bonus
$0.00 - $19,392  
Profit Sharing
$2,035  
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).
)
$32,390 - $91,680  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 105
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$18$36$54
Hourly Rate
$12.92 - $41.43  
   
Overtime
$44.50  
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 - $19,392  
   
Profit Sharing
$2,035  
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).
)
$32,390 - $91,680  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 21

Find Out Exactly What You Should Be Paid

United States (change)

Employers: 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

  • Calculate estimates of the value of property for sales, mortgages, and loans.
  • Create written reports detailing estimation process and results.
  • 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.

Common Career Paths for Real Estate Appraiser, Residential


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


As Residential Real Estate Appraisers transition into upper-level roles such as Real Estate Appraisal Manager, they may see a strong upturn in salary. Real Estate Appraisal Managers earn $77K on average per year. A Real Estate Appraiser & Assessor role is the most common promotion for Residential Real Estate Appraisers moving up the ladder. Pay for this role tends to be $42K per year. Another typical, albeit less common, transition for Residential Real Estate Appraisers is a Commercial Real Estate Appraiser position, where earnings are usually $65K.

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.


Residential Real Estate Appraisers who reported more years of relevant experience also reported higher earnings. Survey participants with less than five years' experience pocket $39K on average, but those with five to 10 years of experience enjoy a much bigger median of $51K. Residential Real Estate Appraisers who work for 10 to 20 years in their occupation tend to earn about $54K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $63K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Related Job Salaries

Key Stats for Real Estate Appraiser, Residential

Gender

Female
38 %
Male
63 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.
Less than 1 year
2%
1-4 years
22%
5-9 years
13%
10-19 years
42%
20 years or more
21%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Real Estate Appraiser, Residential Salaries

Late-Career
up arrow 21%

Experienced
up arrow 5%

National Average
$52,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 25%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.

Gender

Female
38 %
Male
63 %

Years of Experience

Less than 1 year
2%
1-4 years
22%
5-9 years
13%
10-19 years
42%
20 years or more
21%

Common Health Benefits

medical benefits
Medical: 56%
dental benefits
Dental: 44%
vision benefits
Vision: 36%
dental benefits
None: 44%
ADVERTISEMENT