Real Estate Appraiser Salary

Real Estate Appraisers who are practiced in their profession and carry more than 10 years of experience make up nearly three-fifths of Real Estate Appraisers. Pay fluctuates from $35K to $104K per year, but expected earnings average $60K per year. Total cash earnings of Real Estate Appraisers range from $35K on the low end to $104K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $15K and $20K, respectively. Geography and tenure each impact pay for this group, with the former having the largest influence. While some workers in this profession — roughly two in five — do not have any health coverage, a majority do receive medical benefits and more than two-fifths have dental insurance. Making up 75 percent of those who took the survey, male Real Estate Appraisers greatly outnumber their female counterparts. The majority of Real Estate Appraisers claim high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
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$35,566 - $103,094
(Median)
$36K
$60K
$100K
MEDIAN: $60,307
10%
50%
90%

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$12.50 - $39.25
(Median)
$13
$20
$39
MEDIAN: $19.00
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
$35,566 - $103,094  
   
Bonus
$0.00 - $15,152  
Profit Sharing
$0.00 - $20,347  
Commission
$16,000  
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).
)
$35,041 - $103,845  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 417
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
$12.50 - $39.25  
   
Overtime
$9.00 - $57.00  
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 - $15,152  
   
Commission
$16,000  
Profit Sharing
$0.00 - $20,347  
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).
)
$35,041 - $103,845  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 47
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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 make advancements in their career path, their salaries may not change right away. For example, the higher-level Commercial Real Estate Appraiser position pays around the same amount as the Real Estate Appraiser job on average. A lot of Real Estate Appraisers advance their careers by becoming Residential Real Estate Appraisers and Real Estate Appraisers and Assessors. However, those positions offer $9K less and $19K less per year on average.

Real Estate Appraiser Job Listings

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Real Estate Appraisers report a focused set of job skills. Fortunate workers who know Valuation command much higher paychecks, scoring salaries 34 percent above average. Skills that pay less than market rate include 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 who reported more years of relevant experience also reported higher earnings. Those in the early stages of their career can expect to make around $43K; however, individuals with five to 10 years of experience bring in $59K on average — a distinctly larger sum. Real Estate Appraisers see a median salary of $68K after reaching one to two decades on the job. Real Estate Appraisers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $77K on average.

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Experience Affects Real Estate Appraiser Salaries

Late-Career
up arrow 28%

Experienced
up arrow 13%

National Average
$60,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 28%

Skills That Affect Real Estate Appraiser Salaries

Valuation
up arrow 34%

Real Estate
up arrow 1%

National Average
$60,000

Data Analysis
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 64 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

Less than 1 year
3%
1-4 years
17%
5-9 years
19%
10-19 years
30%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 59%
dental benefits
Dental: 42%
medical benefits
Vision: 35%
dental benefits
None: 40%
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