Real Estate Appraiser Salary

The majority of Real Estate Appraisers in the United States — roughly three-fifths — boast more than 10 years of experience in their profession. Salaries stretch from $35K to $104K per year, and the median is $60K annually. Including potential for bonuses and profit sharing — peaking near $15K and $20K, respectively — total cash payment to Real Estate Appraisers can bottom out near $35K or peak near $104K depending on individual performance. Location is the biggest factor affecting pay for this group, followed by career duration. Job satisfaction for Real Estate Appraisers is high. Although a majority have medical coverage and just over two-fifths have dental coverage, close to two-fifths claim no health benefits at all. Most Real Estate Appraisers survey respondents are men (75 percent). The information for this snapshot was generated by responses to the PayScale salary survey.
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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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Real Estate Appraisers tend not to experience significant pay changes as they move up the career ladder to roles like Commercial Real Estate Appraiser. The two jobs pay about the same on average. Real Estate Appraisers most often move into Residential Real Estate Appraiser or Real Estate Appraiser & Assessor roles. However, the former pays $9K less on average, and the latter pays $19K less.

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 34 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.


Experience is an important factor influencing the compensation of Real Estate Appraisers. Salaries for the relatively untried average out to around $43K, but survey participants with five to 10 years of experience earn a significantly higher median of $59K. Real Estate Appraisers with one to two decades of relevant experience report an average salary of approximately $68K. Real Estate Appraisers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $77K.

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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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