Real Estate Appraiser Salary (United States)

With close to three-fifths of Real Estate Appraisers in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Real Estate Appraisers is $60,558 annually and can range from $34,078 on the lower end to $112,379 per year near the higher end. Geographic location is the biggest factor affecting pay for this group, followed by career length. Health benefits are not claimed by all—43 percent lack any form of coverage—but more than half have medical insurance, and 40 percent have dental, too. In a profession dominated by men, 80 percent of Real Estate Appraisers are male. The majority of workers are highly satisfied with their job. The figures in this outline were provided by individuals who took 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.
Experience is important when determining pay for Real Estate Appraisers. Those in the early stages of their career can expect to make around $45K; however, pay rises to approximately $62K after five to 10 years. Those who spend a decent amount of time in this profession—one to two decades—usually make about $65K. Paychecks show no signs of slowing down as Real Estate Appraisers approach two decades on the job—pay continues to accelerate and typical earnings come to $77K. Age distribution in this workforce is quite spread out, with those with between one and nine years of experience accounting for 38 percent of the workforce, those with 10-20 making up 27 percent and those with more than two decades of experience rounding out the remaining 33 percent.

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.
Home to some of the best pay for Real Estate Appraisers, New York offers exceptional salaries, 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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