A big portion of take-home pay for Real Estate Appraisers — close to one-third, in fact — arrives through commissions. This profession's median overall income is approximately $60K. Cash earnings for Real Estate Appraisers — which occasionally include more than $25K from bonuses and more than $20K from profit sharing — stretch from around $35K to approximately $108K. Geographic location is the biggest factor affecting pay for this group, followed by experience level. Most Real Estate Appraisers like their work and job satisfaction is high. The majority of Real Estate Appraisers (65 percent) survey respondents are male. Over a third of professionals in this line of work do not receive benefits; however, more than half report medical coverage and just over two-fifths claim dental coverage as well. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$35,533 - $105,441
(Median)
$36K
$61K
$110K
MEDIAN: $60,773
10%
50%
90%

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$12.01 - $42.34
(Median)
$12
$20
$42
MEDIAN: $19.00
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$50K$100K$150K
Salary
$35,533 - $105,441  
   
Bonus
$0.00 - $24,875  
Profit Sharing
$0.00 - $19,797  
Commission
$20,000  
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).
)
$35,130 - $107,553  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 295
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$25$50$75
Hourly Rate
$12.01 - $42.34  
   
Overtime
$29.48  
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 - $24,875  
   
Commission
$20,000  
Profit Sharing
$0.00 - $19,797  
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).
)
$35,130 - $107,553  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 35
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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. Many Real Estate Appraisers choose to become Residential Real Estate Appraisers and Real Estate Appraiser & Assessors as their careers advance. However, folks in those positions report median salaries of $8K less and $19K less, respectively.

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Pay by Experience Level for Real Estate Appraiser

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


Real Estate Appraisers who reported more years of relevant experience also reported higher earnings. Workers in their first five years can expect to earn $43K, but people who have been around for five to 10 years earn a noticeably bigger sum of $60K. For Real Estate Appraisers, 10 to 20 years of experience on the job amounts to an average salary of $74K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $81K on average.

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Experience Affects Real Estate Appraiser Salaries

Late-Career
up arrow 33%

Experienced
up arrow 22%

National Average
$60,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 29%

Skills That Affect Real Estate Appraiser Salaries

Valuation
up arrow 34%


National Average
$60,000

Data Analysis
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
7%
1-4 years
19%
5-9 years
15%
10-19 years
30%
20 years or more
28%

Common Health Benefits

medical benefits
Medical: 61%
dental benefits
Dental: 43%
medical benefits
Vision: 38%
dental benefits
None: 37%
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