Salary for Real Estate Appraiser Jobs

Updated: 7 Feb 2012
United States » Job » Real Estate Appraiser Overview » Real Estate Appraiser Salary
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National Salary Data

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$60K$120K$180K
Salary$29,799 - $175,753  
   
Bonus$201.34 - $19,956  
Profit Sharingn/a
Not enough data
Commissionn/a
Not enough data
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).
)
$29,326 - $148,662  
PayScale
Country: United States | Currency: USD | Updated: 7 Feb 2012 | Individuals Reporting: 77
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Companies and Industries for Real Estate Appraiser Jobs

Popular Industries

Salary Range

Real Estate Appraisals$30,591 - $98,698
Real Estate$28,516 - $93,131
Agricultural Banking / Lending$33,175 - $98,165
Banking$30,761 - $93,068
Popular Employers

Salary Range

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key statistics
Key Statistics for Real Estate Appraiser Jobs

Gender
Female
26%
female alumni
 
Male
74%
male alumni
Salary:$37,500 - $63,984 $36,625 - $78,611
Years of Experience
Less than 1 year
5%
1-4 years
19%
5-9 years
29%
10-19 years
19%
20 years or more
27%
Top Degrees

Salary Range

Bachelor's Degree$28,906 - $202,215
Bachelor of Arts (BA), BusinessNot enough data
Bachelor of Science (BS / BSc), FinanceNot enough data
Master of Business Administration (MBA)Not enough data
Most Common Health Benefits
medical benefits Medical: 57% dental benefits Dental: 30%
vision benefits Vision: 17% employee benefits None: 43%

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career path
Career Path for Real Estate Appraiser Jobs

Common Past Jobs
Common Future Jobs

Real Estate Appraiser

Salary Range

$29,326 - $148,662
payscale
Administrative / Office Manager
$23,378 - $54,873
Real Estate Appraiser Trainee
$19,078 - $55,119
 
Common Future Jobs

Real Estate Appraiser

Salary Range

$29,326 - $148,662
payscale
Real Estate Appraiser, Residential
$25,688 - $103,301
Real Estate Appraiser, Commercial
$34,583 - $124,626
Real Estate Appraiser/Assessor
$24,612 - $84,797
 

career path
Salary Map for Real Estate Appraiser Jobs

Top Cities by Popularity for Real Estate Appraiser Jobs

sample job description
Real Estate Appraiser Job Description

People with the job title Real Estate Appraiser typically fall into one of the following PayScale standard occupations.

Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
Appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.

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FAQs on Salaries for Real Estate Appraiser Jobs

Real Estate Appraiser Salary Data

With all of the recent news on the subprime mortgage crisis, people have become more aware of the important role that real estate appraisers play in determining property values. In residential real estate, the sale price of a home is set largely based on the value estimated by an appraiser. Real estate appraisals are used not only for home sales and purchases, however, but also refinancing, legal settlements and other purposes. Many types of properties need to be appraised, from single family homes to shopping malls, but real estate appraisers usually specialize in either residential or commercial real estate.

The Bureau of Labor Statistics lists some favorable real estate salary statistics for appraisers, including a 17 percent employment growth rate projected over the next several years. Additionally, the BLS predicts that appraisers who work independently will experience the highest employment growth rates. PayScale's real estate appraiser salary data also indicates that choosing self-employment may be a wise choice for home appraisers. Looking at Real Estate Appraiser Salary by Employer Type, you can see that while many who work in this field are employed at real estate firms, those who are self-employed can also earn a competitive appraiser salary.

Appraiser Salaries and Cost of Living

The requirements to become a real estate appraiser vary from state to state, but before getting licensed, appraisers should compare real estate salaries in different locations. Measuring Real Estate Appraiser Salary by State puts Texas and Florida at the top of the list. On the Real Estate Appraiser Salary by City report, Honolulu currently has a higher median real estate appraiser salary than other cities. Of course, Honolulu may offer higher salaries, but how far will a real estate appraiser salary go given the city's high cost of living? Use the PayScale Cost of Living Calculator to research the Cost of Living and Real Estate Appraiser Salary Range in Honolulu and other cities. For any location, it may take years before an appraiser is really an expert on the factors affecting property values in that area. Partly for this reason, a real estate appraiser salary will generally be higher for those with more on-the-job experience. The chart measuring Home Appraiser Salary by Years Experience shows the median real estate appraiser salary progression after five, 10 and 20 years of experience.

For more on real estate salaries, see how a real estate appraiser salary compares to a Real Estate Agent Salary or Construction Inspector Salary.

Real Estate Appraiser Salary Links

Commercial Real Estate Appraiser Salary
Residential Real Estate Appraiser Salary
Real Estate Appraiser Salary - Trainee
Real Estate Appraiser Salary in Canada

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