Real Estate Appraiser, Residential Salary

Just under two-thirds of Residential Real Estate Appraisers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $33K to $96K per year, and the average comes out to $53K per year. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Health benefits are not claimed by all — about two in five lack any form of coverage — but more than half have medical insurance, and slightly less than one-half have dental, too. For the most part, Residential Real Estate Appraisers enjoy their work and report high levels of job satisfaction. Men account for the majority of Residential Real Estate Appraisers who responded to the questionnaire — 61 percent to be exact. This report is based on answers to PayScale's salary questionnaire.

$35,076 - $92,218
$35K
$53K
$92K
MEDIAN: $53,403
10%
50%
90%

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$13.73 - $42.28
$14
$22
$42
MEDIAN: $21.50
10%
50%
90%

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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
$35,076 - $92,218  
   
Bonus
$0.00 - $12,365  
Profit Sharing
$2,500  
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).
)
$33,392 - $96,207  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 95
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
$13.73 - $42.28  
   
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 - $12,365  
   
Profit Sharing
$2,500  
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).
)
$33,392 - $96,207  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 18

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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.

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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


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Residential Real Estate Appraisers' salaries may rise greatly for those who assume a higher-end position such as a Real Estate Appraisal Manager. The average Real Estate Appraisal Manager brings home $77K per year. Residential Real Estate Appraisers most often move into positions as Real Estate Appraisers or Real Estate Appraisers and Assessors. Real Estate Appraisers actually earn $1K less on average, however, and Real Estate Appraisers and Assessors earn $10K less per year than Residential Real Estate Appraisers do.

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Pay by Experience Level for Real Estate Appraiser, Residential

Pay by Experience for a Real Estate Appraiser, Residential has a positive trend. An entry-level Real Estate Appraiser, Residential with less than 5 years of experience can expect to earn an average total compensation of $39,000 based on 30 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Real Estate Appraiser, Residential with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $50,000 based on 26 salaries. An experienced Real Estate Appraiser, Residential which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $55,000 based on 52 salaries. A Real Estate Appraiser, Residential with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $63,000 based on 26 salaries.

Related Job Salaries

Key Stats for Real Estate Appraiser, Residential

Gender

Female
39 %
Male
61 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 11 votes.
Less than 1 year
2%
1-4 years
20%
5-9 years
12%
10-19 years
42%
20 years or more
23%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Real Estate Appraiser, Residential Salaries

Late-Career
▲20%

Experienced
▲5%

National Average
$52,000

Mid-Career
▼3%

Entry-Level
▼25%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 11 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
2%
1-4 years
20%
5-9 years
12%
10-19 years
42%
20 years or more
23%

Common Health Benefits

medical benefits
Medical: 61%
dental benefits
Dental: 46%
vision benefits
Vision: 39%
no benefits
None: 39%