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Real Estate Appraiser Salary (United States)

The majority of Real Estate Appraisers in the United States — about three-fifths — boast more than 10 years of experience in their profession. Salaries stretch from $34K to $112K per year and typically amount to $60K per year. Geographic location and tenure each impact pay for this group, with the former having the largest influence. While more than two-fifths report receiving no health benefits, more than half do receive medical coverage, and around two in five have dental, as well. Men make up the vast majority of Real Estate Appraisers (80 percent). The majority of workers are highly satisfied with their job. Responses to PayScale's salary questionnaire form the basis for this outline.
Real Estate Appraiser Salary (?
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.
)
$34,487 - $108,883
(Median)
34K
48K
60K
84K
110K
MEDIAN: $60,311
10%
25%
50%
75%
90%
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Real Estate Appraiser Salary (?
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.
)
$12.44 - $39.73
(Median)
12
20
28
40
MEDIAN: $19.00
10%
50%
75%
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$50K$100K$150K
Salary
$34,487 - $108,883  
   
Bonus
$0.00 - $14,950  
Profit Sharing
$2,035 - $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).
)
$34,078 - $112,379  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 269
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$25$50$75
Hourly Rate
$12.44 - $39.73  
   
Overtime
$19.37 - $53.50  
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$50K$100K$150K
Bonus
$0.00 - $14,950  
   
Profit Sharing
$2,035 - $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).
)
$34,078 - $112,379  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 26
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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, they often do not see a change in salary. Commercial Real Estate Appraisers usually earn the same amount as Real Estate Appraisers. 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 $9K lower and $19K lower, respectively.

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 command much higher paychecks, scoring salaries 33 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.
Real Estate Appraisers with a rich background of experience are typically rewarded with larger paychecks. Salaries for the relatively untried average out to around $45K, but survey participants with five to 10 years of experience earn a significantly higher median of $62K. People with 10 to 20 years of experience make an average of about $65K in this role. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $76K. In this field, there is a large range of employee experience; those with the least amount of experience — one to nine years — make up 38 percent of people in the field; those with 10-20 represent 27 percent, and those with the most experience — more than 20 years — account for 33 percent.

Pay Difference By Location

New York
up arrow 83%
Milwaukee
up arrow 39%
Chicago
up arrow 19%
Dallas
up arrow 5%
Seattle
up arrow 3%
San Diego
0%
National Average
$61,000
Los Angeles
up arrow 1%
Larger circles over a city indicate a job is popular in that location.
Home to some of the best pay for Real Estate Appraisers, New York offers exceptional salaries, 83 percent above the national average. Other big spenders include Milwaukee, Chicago, Dallas, and Seattle, top-paying cities where Real Estate Appraisers see paychecks higher than average (+39 percent, +19 percent, +5 percent, and +3 percent).

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Experience Affects Real Estate Appraiser Salaries

Late-Career
up arrow 26%
Experienced
up arrow 7%
Mid-Career
up arrow 3%
National Average
$61,000
Entry-Level
up arrow 26%

Skills That Affect Real Estate Appraiser Salaries

Valuation
up arrow 33%
Real Estate
0%
National Average
$61,000
Data Analysis
up arrow 9%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 49 votes.

Gender

Female
20%
female alumni
 
Male
80%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
17%
5-9 years
21%
10-19 years
27%
20 years or more
33%

Common Health Benefits

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