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Real Estate Appraiser, Residential Salary

With a little over a half of Residential Real Estate Appraisers in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Residential Real Estate Appraisers is $52K annually and can range from $31K on the lower end to $100K per year near the higher end. Career length is the biggest factor affecting pay for this group, followed by geography. Most Residential Real Estate Appraisers report high levels of job satisfaction. Male Residential Real Estate Appraisers are more prevalent than women among those who took the survey — 67 percent of professionals. While close to two-fifths report receiving no health benefits, a majority do receive medical coverage, and a little less than one-half have dental, as well. This overview is based on answers to PayScale's salary questionnaire.

$31,340 - $98,702
(Median)
$31K
$52K
$99K
MEDIAN: $51,674
10%
50%
90%

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$14.26 - $40.13
(Median)
$14
$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$50K$100K$150K
Salary
$31,340 - $98,702  
   
Bonus
$0.00 - $8,281  
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).
)
$31,267 - $100,338  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 288
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$25$50$75
Hourly Rate
$14.26 - $40.13  
   
Overtime
$25.17 - $45.96  
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 - $8,281  
   
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).
)
$31,267 - $100,338  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 43

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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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Those in the early stages of their career can expect to make around $42K; however, individuals with five to 10 years of experience bring in $52K on average — a distinctly larger sum. On average, Residential Real Estate Appraisers make $59K following one to two decades on the job. 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 $63K.

Related Job Salaries

United States (change)

Experience Affects Real Estate Appraiser, Residential Salaries

Late-Career
up arrow 17%

Experienced
up arrow 10%

National Average
$53,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 56 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
3%
1-4 years
14%
5-9 years
28%
10-19 years
34%
20 years or more
21%

Common Health Benefits

medical benefits Medical: 59% dental benefits Dental: 46%
vision benefits Vision: 38% employee benefits None: 40%
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