Annual compensation for Residential Real Estate Appraisers is typically heavily supplemented by bonuses and commissions and totals around $53K (including $66K from bonuses and commissions). Career length is the biggest factor affecting pay for this group, followed by geography. The majority of Residential Real Estate Appraisers claim high levels of job satisfaction. Residential Real Estate Appraisers who participated in the survey are largely men, dominating at 67 percent. Health benefits are not claimed by all — just over two-fifths lack any form of coverage — but the greater part have medical insurance, and slightly less than half have dental, too. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$35,060 - $91,009
(Median)
$35K
$54K
$91K
MEDIAN: $53,840
10%
50%
90%

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$12.75 - $42.00
(Median)
$13
$23
$42
MEDIAN: $23.00
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$32K$64K$96K
Salary
$35,060 - $91,009  
   
Bonus
$0.00 - $16,000  
Profit Sharing
$2,035  
Commission
$62,500  
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).
)
$32,710 - $95,916  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 111
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
$12.75 - $42.00  
   
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 - $16,000  
   
Commission
$62,500  
Profit Sharing
$2,035  
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).
)
$32,710 - $95,916  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 19
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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.

Common Career Paths for Real Estate Appraiser, Residential


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For Residential Real Estate Appraisers, progressing to a Real Estate Appraisal Manager role may result in a significant raise. On average, a Real Estate Appraisal Manager can earn $78K annually. The most common career progression for Residential Real Estate Appraisers leads to becoming a Real Estate Appraiser & Assessor, where pay is typically $42K. However, many Residential Real Estate Appraisers also opt to become Commercial Real Estate Appraisers, a position that pays $65K on average.

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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 rich background of experience are typically rewarded with larger paychecks. Workers in their first five years can expect to earn $39K, but people who have been around for five to 10 years earn a noticeably bigger sum of $51K. For Residential Real Estate Appraisers, 10 to 20 years of experience on the job amounts to an average salary of $56K. Old hands who claim more than two decades on the job enjoy average earnings of $64K.

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Experience Affects Real Estate Appraiser, Residential Salaries

Late-Career
up arrow 22%

Experienced
up arrow 6%

National Average
$53,000

Mid-Career
up arrow 3%

Entry-Level
up arrow 26%

Job Satisfaction

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

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
1%
1-4 years
21%
5-9 years
12%
10-19 years
44%
20 years or more
23%

Common Health Benefits

medical benefits
Medical: 56%
dental benefits
Dental: 46%
medical benefits
Vision: 37%
dental benefits
None: 44%
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