Real Estate Appraiser, Residential Salary (United States)

The average salary for a Real Estate Appraiser, Residential is $51,290 per year.
Real Estate Appraiser, Residential Salary (?
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.
)
$30,771 - $96,439
(Median)
31K
40K
51K
70K
96K
MEDIAN: $51,290
10%
25%
50%
75%
90%
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Real Estate Appraiser, Residential Salary (?
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.
)
$14.26 - $48.18
(Median)
14
23
30
48
MEDIAN: $23.00
10%
50%
75%
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$33K$66K$99K
Salary
$30,771 - $96,439  
   
Bonus
$0.00 - $10,119  
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).
)
$30,956 - $98,446  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 348
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 - $48.18  
   
Overtime
$22.81 - $73.08  
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 - $10,119  
   
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).
)
$30,956 - $98,446  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | 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.

Real Estate Appraiser, Residential Job Listings

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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.

Pay Difference By Location

Spokane
up arrow 44%
Chicago
up arrow 30%
Dallas
up arrow 21%
National Average
$52,000
Larger circles over a city indicate a job is popular in that location.
Find Out Exactly What You Should Be Paid
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Experience Affects Real Estate Appraiser, Residential Salaries

Late-Career
up arrow 18%
Experienced
up arrow 12%
National Average
$52,000
Mid-Career
up arrow 2%
Entry-Level
up arrow 20%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 75 votes.

Gender

Female
29%
female alumni
 
Male
71%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
11%
5-9 years
32%
10-19 years
32%
20 years or more
23%

Common Health Benefits

medical benefits Medical: 56% dental benefits Dental: 43%
vision benefits Vision: 35% employee benefits None: 43%