Real Estate Appraiser Salary

Nearly three in five of Real Estate Appraisers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $35K to $103K per year, but median earnings come to around $60K annually. In the world of Real Estate Appraisers, overall cash allowance can occasionally include more than $15K from bonuses and, in some exceptional cases, $197K from profit sharing, causing incomes to vary widely between $35K and $103K. Residence is the biggest factor affecting pay for this group, followed by career duration. Although the larger part have medical coverage and around two in five have dental coverage, just over two-fifths claim no health benefits at all. Work is enjoyable for Real Estate Appraisers, who typically claim high levels of job satisfaction. Making up 78 percent of those who took the survey, male Real Estate Appraisers greatly outnumber their female counterparts. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$35,152 - $102,603
(Median)
$35K
$60K
$100K
MEDIAN: $59,557
10%
50%
90%

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$12.79 - $39.64
(Median)
$13
$20
$40
MEDIAN: $20
10%
50%
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$70K$140K$210K
Salary
$35,152 - $102,603  
   
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).
)
$35,023 - $103,045  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 348
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$50$100$150
Hourly Rate
$12.79 - $39.64  
   
Overtime
$0.21 - $57.38  
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$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).
)
$35,023 - $103,045  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 33
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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 sometimes move into a Commercial Real Estate Appraiser role, where the salary is similar. Many Real Estate Appraisers choose to become Residential Real Estate Appraisers and Real Estate Appraiser & Assessors as their careers advance. However, folks in those positions report median salaries of $8K less and $18K less, respectively.

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 can expect a significant pay bump, scoring salaries 35 percent above average. Skills that seem to negatively impact pay include Data Analysis.

Pay by Experience Level for Real Estate Appraiser

Median of all compensation (including tips, bonus, and overtime) by years of experience.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Although individuals who have less than five years' experience earn $44K on average, people with five to 10 years benefit from a notably larger average of $60K. Real Estate Appraisers claiming one to two decades of experience make an estimated median of $63K. Seasoned veterans with 20 years under their belts enjoy a median income 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
22 %
Male
78 %

Years of Experience

Less than 1 year
2%
1-4 years
18%
5-9 years
20%
10-19 years
28%
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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