Real Estate Appraiser, Residential Salary

Commissions comprise a big part of overall income for Residential Real Estate Appraisers. The median take-home amount in this area is around $52K, and on average, over three-quarters of that final number comes from commissions. Career length and the particular city each impact pay for this group, with the former having the largest influence. Male Residential Real Estate Appraisers who responded to the survey are more common than women; more than half (66 percent) are men. While more than a third report receiving no health benefits, the greater part do receive medical coverage, and one-half have dental, as well. Most workers in this position report high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$31,175 - $98,515
(Median)
$31K
$51K
$99K
MEDIAN: $51,182
10%
50%
90%

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$12.92 - $40.41
(Median)
$13
$24
$40
MEDIAN: $23.00
10%
50%
90%

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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
$31,175 - $98,515  
   
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 - $99,725  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 272
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
$12.92 - $40.41  
   
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 - $99,725  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 41
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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

  • 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.

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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. Those in the early stages of their career can expect to make around $41K; however, individuals with five to 10 years of experience bring in $51K on average — a distinctly larger sum. People with 10 to 20 years of experience make an average of about $58K in this role. Residential Real Estate Appraisers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $63K.

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Experience Affects Real Estate Appraiser, Residential Salaries

Late-Career
up arrow 21%

Experienced
up arrow 12%

National Average
$52,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 50 votes.

Gender

Female
34 %
Male
66 %

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%
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