Real Estate Appraiser Salary

With three in five 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 $103K per year and averages out to $60K per year. Including potential for bonuses and profit sharing — peaking near $15K and $197K, respectively — total cash payment to Real Estate Appraisers can bottom out near $35K or peak near $103K depending on individual performance. Location and years of experience each impact pay for this group, with the former having the largest influence. Job satisfaction is high and work is enjoyable for most Real Estate Appraisers. More than two-fifths of professionals in this line of work do not receive benefits; however, the larger part report medical coverage and about two in five claim dental coverage as well. Generally, women make up less than a third of all Real Estate Appraisers who answered the questionnnaire. This report is based on responses to the PayScale salary survey.
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$35,316 - $102,569

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$12.84 - $39.55

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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$70K$140K$210K
Salary
$35,316 - $102,569  
   
Bonus
$0.00 - $14,933  
Profit Sharing
$10.14 - $197,265  
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).
)
$35,186 - $102,976  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 349
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$50$100$150
Hourly Rate
$12.84 - $39.55  
   
Overtime
$0.21 - $57.38  
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$100K$200K$300K
Bonus
$0.00 - $14,933  
   
Profit Sharing
$10.14 - $197,265  
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).
)
$35,186 - $102,976  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 34
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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 tend not to experience significant pay changes as they move up the career ladder to roles like Commercial Real Estate Appraiser. The two jobs pay about the same on average. Real Estate Appraisers most often move into Residential Real Estate Appraiser or Real Estate Appraiser & Assessor roles. However, the former pays $8K less on average, and the latter pays $19K less.

Real Estate Appraiser Job Listings

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Just a handful of professional skills are reported by Real Estate Appraisers who took the survey. Fortunate workers who know Valuation command much higher paychecks, scoring salaries 35 percent above average. At the other end of the pay range are skills like 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. Respondents with less than five years' experience take home $44K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $60K. Real Estate Appraisers see a median salary of $63K after reaching one to two decades on the job. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $76K.

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Experience Affects Real Estate Appraiser Salaries

Late-Career
up arrow 27%

Experienced
up arrow 6%

Mid-Career
up arrow 1%

National Average
$60,000

Entry-Level
up arrow 26%

Skills That Affect Real Estate Appraiser Salaries

Valuation
up arrow 35%

Real Estate
0%

National Average
$60,000

Data Analysis
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 57 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

Less than 1 year
2%
1-4 years
18%
5-9 years
21%
10-19 years
27%
20 years or more
32%

Common Health Benefits

medical benefits Medical: 57% dental benefits Dental: 41%
vision benefits Vision: 32% employee benefits None: 42%
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