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Real Estate Appraiser Salary

Just under three-fifths of Real Estate Appraisers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $35K to $103K per year, but median earnings come to around $59K per year. Final cash compensation to Real Estate Appraisers varies from around $35K to approximately $103K; choice pay grades include potential for bonuses and profit sharing as high as $15K and $199K, respectively. Geographic location and career length each impact pay for this group, with the former having the largest influence. Most Real Estate Appraisers report high levels of job satisfaction. Health benefits are not enjoyed by everyone in this line of work, and more than two-fifths lack any coverage at all. Medical benefits are reported by a majority and dental coverage is claimed by roughly two-fifths. Making up 78 percent of those who took the survey, male Real Estate Appraisers greatly outnumber their female counterparts. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$34,716 - $102,448
(Median)
$35K
$59K
$100K
MEDIAN: $59,454
10%
50%
90%

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$12.79 - $39.64
(Median)
$13
$20
$40
MEDIAN: $20
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$70K$140K$210K
Salary
$34,716 - $102,448  
   
Bonus
$0.00 - $14,720  
Profit Sharing
$10.07 - $198,659  
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).
)
$34,622 - $102,636  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 330
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$50$100$150
Hourly Rate
$12.79 - $39.64  
   
Overtime
$-0.50 - $57.58  
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$100K$200K$300K
Bonus
$0.00 - $14,720  
   
Profit Sharing
$10.07 - $198,659  
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).
)
$34,622 - $102,636  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 33

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Job Description for Real Estate Appraiser

Real estate appraisers are responsible for assessing the value of a property. Most real estate appraisers are contracted by an individual or a business (via an appraisal company) to perform a series of routine checks that will go on record to establish a property's worth. Appraisers' duties vary based on type of property and specific circumstance. For example, assessing the value of a commercial building may take substantially longer than an assessment of a single home. However, appraisers working on personal homes typically deal with multiple jobs at a time.

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Real Estate Appraiser 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


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Real Estate Appraisers sometimes move into a Commercial Real Estate Appraiser role, where the salary is similar. Many Real Estate Appraisers go on to become Residential Real Estate Appraisers or Real Estate Appraisers and Assessors despite the fact that median compensation in those roles is reportedly $8K lower and $18K lower, respectively.

Real Estate Appraiser Job Listings

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Real Estate Appraisers usually report a few specific skills. Fortunate workers who know Valuation command much higher paychecks, scoring salaries 35 percent above average. Skills that pay less than market rate include Data Analysis.

Pay by Experience Level for Real Estate Appraiser

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Real Estate Appraisers with a rich background of experience are typically rewarded with larger paychecks. Respondents with less than five years' experience take home $45K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $62K. Real Estate Appraisers see a median salary of $63K after reaching one to two decades on the job. Seasoned veterans with 20 years under their belts enjoy a median income of $75K.

Related Job Salaries

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Experience Affects Real Estate Appraiser Salaries

Late-Career
up arrow 25%

Experienced
up arrow 5%

Mid-Career
up arrow 3%

National Average
$60,000

Entry-Level
up arrow 25%

Skills That Affect Real Estate Appraiser Salaries

Valuation
up arrow 35%

Real Estate
up arrow 1%

National Average
$60,000

Data Analysis
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 55 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

Less than 1 year
2%
1-4 years
19%
5-9 years
21%
10-19 years
26%
20 years or more
32%

Common Health Benefits

medical benefits Medical: 57% dental benefits Dental: 40%
vision benefits Vision: 32% employee benefits None: 43%