Real Estate Appraiser Salary

Total annual pay for Real Estate Appraisers is approximately $66K, and commissions account for a significant portion of this final number — more than two-fifths on average. Overall cash earnings for Real Estate Appraisers stretch from $36K on the lower end to $114K near the top, and the heftiest packages can encompass around $25K from bonuses and $20K from profit sharing. Geography and career length each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. Some workers in this field — more than a third — are not awarded benefits. Medical coverage is reported by the greater part and dental plans are enjoyed by more than two-fifths. The numbers in this rundown were provided by PayScale's salary survey participants.
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$36,203 - $112,548
$36K
$66K
$110K
MEDIAN: $66,437
10%
50%
90%

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$11.96 - $55.00
$12
$20
$55
MEDIAN: $20.22
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
$36,203 - $112,548  
   
Bonus
$0.00 - $24,566  
Profit Sharing
$0.00 - $20,089  
Commission
$30,000  
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).
)
$35,716 - $114,339  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 290
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
$11.96 - $55.00  
   
Overtime
$30.00  
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 - $24,566  
   
Commission
$30,000  
Profit Sharing
$0.00 - $20,089  
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).
)
$35,716 - $114,339  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 29

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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

  • Calculate estimates of the value of property for sales, mortgages, and loans.
  • Create written reports detailing estimation process and results.
  • 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.

Common Career Paths for Real Estate Appraiser


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Real Estate Appraisers may not see large compensation differences if they transition into an upper-level role such as Commercial Real Estate Appraiser. Commercial Real Estate Appraisers on average make about as much as Real Estate Appraisers do. Real Estate Appraisers most often move into Residential Real Estate Appraiser or Real Estate Appraiser & Assessor roles. However, the former pays $14K less on average, and the latter pays $24K less.

Real Estate Appraiser Job Listings

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Pay by Experience Level for Real Estate Appraiser

Pay by Experience for a Real Estate Appraiser has a positive trend. An entry-level Real Estate Appraiser with less than 5 years of experience can expect to earn an average total compensation of $44,000 based on 87 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Real Estate Appraiser with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $62,000 based on 75 salaries. An experienced Real Estate Appraiser which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $78,000 based on 126 salaries. A Real Estate Appraiser with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $82,000 based on 99 salaries.

Related Job Salaries

Key Stats for Real Estate Appraiser

Gender

Female
31 %
Male
69 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.
Less than 1 year
7%
1-4 years
18%
5-9 years
13%
10-19 years
32%
20 years or more
31%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Real Estate Appraiser Salaries

Late-Career
▲24%

Experienced
▲17%

National Average
$66,000

Mid-Career
▼6%

Entry-Level
▼34%

Skills That Affect Real Estate Appraiser Salaries

Valuation
▲22%

▲10%

National Average
$66,000

Data Analysis
▼16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
7%
1-4 years
18%
5-9 years
13%
10-19 years
32%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 63%
dental benefits
Dental: 45%
vision benefits
Vision: 41%
no benefits
None: 35%