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Real Estate Appraiser Salary

With slightly less than three-fifths of Real Estate Appraisers in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $35K to $102K per year and averages out to $59K annually. In the world of Real Estate Appraisers, total cash compensation can vary between $35K and $102K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $15K and $199K, respectively. Residence is the biggest factor affecting pay for this group, followed by years of experience. Unfortunately, some people in this line of work are without benefits — just over two-fifths lack coverage. On the flip side, the larger part have medical insurance and more than two-fifths receive dental plans. Most Real Estate Appraisers report high levels of job satisfaction. Making up 78 percent of those who took the survey, male Real Estate Appraisers greatly outnumber their female counterparts. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$34,937 - $101,953
(Median)
$35K
$59K
$100K
MEDIAN: $59,328
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
$34,937 - $101,953  
   
Bonus
$0.00 - $15,000  
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).
)
$34,826 - $102,431  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 334
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 - $15,000  
   
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).
)
$34,826 - $102,431  
Country: United States | Currency: USD | Updated: 2 May 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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As Real Estate Appraisers transition into upper-level roles like Commercial Real Estate Appraisers, it's possible that they won't see a change in salary. Commercial Real Estate Appraisers earn the same amount as Real Estate Appraisers on average. Real Estate Appraisers most often move into positions as Residential Real Estate Appraisers or Real Estate Appraisers and Assessors. Residential Real Estate Appraisers actually earn $8K less on average, however, and Real Estate Appraisers and Assessors earn $18K less per year than Real Estate Appraisers do.

Real Estate Appraiser Job Listings

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Professional skills reported by Real Estate Appraisers are few in number. Fortunate workers who know Valuation can expect a significant pay bump, scoring salaries 36 percent above average. Skills that seem to negatively impact pay include Data Analysis.

Pay by Experience Level for Real Estate Appraiser

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. Although individuals who have less than five years' experience earn $44K on average, people with five to 10 years benefit from a notably larger average of $61K. Real Estate Appraisers bring in $63K after working for 10 to 20 years. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $75K.

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United States (change)

Experience Affects Real Estate Appraiser Salaries

Late-Career
up arrow 25%

Experienced
up arrow 6%

Mid-Career
up arrow 2%

National Average
$60,000

Entry-Level
up arrow 26%

Skills That Affect Real Estate Appraiser Salaries

Valuation
up arrow 36%

Real Estate
up arrow 2%

National Average
$60,000

Data Analysis
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 56 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
27%
20 years or more
31%

Common Health Benefits

medical benefits Medical: 58% dental benefits Dental: 42%
vision benefits Vision: 33% employee benefits None: 42%
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