Real Estate Appraiser, Residential Salary

A big portion of take-home pay for Residential Real Estate Appraisers — over three-fourths, in fact — arrives through commissions. This profession's median overall income is approximately $52K. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Most Residential Real Estate Appraisers report high levels of job satisfaction. While some workers in this profession — more than a third — do not have any health coverage, a majority do receive medical benefits and approximately half have dental insurance. Most people who answered the questionnaire are men; 67 percent of Residential Real Estate Appraisers are male. Respondents to the PayScale salary survey provided the data for this report.

$31,152 - $98,095
(Median)
$31K
$51K
$98K
MEDIAN: $51,061
10%
50%
90%

Add this chart to your site: 640px    300px

$13.02 - $40.27
(Median)
$13
$24
$40
MEDIAN: $24.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$34K$68K$102K
Salary
$31,152 - $98,095  
   
Bonus
$0.00 - $8,170  
Profit Sharing
$300.00 - $9,500  
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).
)
$30,991 - $99,312  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 271
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$17$34$51
Hourly Rate
$13.02 - $40.27  
   
Overtime
$25.00 - $46.08  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $8,170  
   
Profit Sharing
$300.00 - $9,500  
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).
)
$30,991 - $99,312  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 42
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.

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 with a lot of experience tend to enjoy higher earnings. Relatively untried employees who have less than five years' experience make $41K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $51K. After working for 10 to 20 years, Residential Real Estate Appraisers make a median salary of $58K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $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 12%

National Average
$52,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 49 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
3%
1-4 years
15%
5-9 years
27%
10-19 years
34%
20 years or more
21%

Common Health Benefits

medical benefits Medical: 61% dental benefits Dental: 48%
vision benefits Vision: 39% employee benefits None: 38%
ADVERTISEMENT