Real Estate Appraiser Salary (United States)

Real Estate Appraisers in the United States are often veterans in their line of work, with 60 percent bringing more than 10 years of experience to the table. Salaries slide in at $60,558 per year, on average, but can range from $34,078 to $112,379 per year. Geography and years of experience each impact pay for this group, with the former having the largest influence. 43 percent of professionals in this line of work do not receive benefits; however, more than half report medical coverage and 40 percent claim dental coverage as well. The vast majority of Real Estate Appraisers (80 percent) are men. Most Real Estate Appraisers like their work and job satisfaction is high. This overview is based on answers to PayScale's salary questionnaire.
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  
PayScale
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  
PayScale
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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Additional career progression does not lead to a big boost in pay for Real Estate Appraisers. At the upper end, those who move into a Commercial Real Estate Appraiser role will bring in a similar salary to their current position.

Real Estate Appraiser Job Listings

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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 with a lot of experience tend to enjoy higher salaries. Workers new to the field can expect to earn $45K, increasing to $62K after five to 10 years. After 10 to 20 years, salary hovers around $65K. As Real Estate Appraisers reach 20 years on the job, salary growth continues to be strong, with earnings averaging $77K. This workforce includes a range of age distribution and is widely spread out: of those who responded, 38 percent have between one and nine years of experience; 27 percent have 10-20 years, and the remaining 33 percent report more than a couple decades of experience.

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.
New York offers some of the highest pay in the country for Real Estate Appraisers, 83 percent above the national average. Also paying near the top of the field are Milwaukee, Chicago, Dallas, and Seattle, where Real Estate Appraisers annually earn 39 percent, 19 percent, 5 percent, and 3 percent more than the national average.

Related Job Salaries

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%
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