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Real Estate Appraiser Salary

Around 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 $34K to $109K per year, but median earnings come to around $60K annually. Geography is the biggest factor affecting pay for this group, followed by years of experience. Some workers in this field — just over two-fifths — are not awarded benefits. Medical coverage is reported by a majority and dental plans are enjoyed by nearly two in five. The majority of Real Estate Appraisers claim high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
$34,481 - $104,204
(Median)
34K
47K
60K
83K
100K
MEDIAN: $60,099
10%
25%
50%
75%
90%

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$12.93 - $39.73
(Median)
13
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
$34,481 - $104,204  
   
Bonus
$0.00 - $15,277  
Profit Sharing
$2,000 - $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).
)
$34,368 - $109,076  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 292
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
$12.93 - $39.73  
   
Overtime
$-0.50 - $57.78  
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 - $15,277  
   
Profit Sharing
$2,000 - $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).
)
$34,368 - $109,076  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 26
United States (change)

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' salaries tends to stay somewhat level when they assume higher-end positions like Commercial Real Estate Appraiser. On average, Commercial Real Estate Appraisers get paid about the same as Real Estate Appraisers. Real Estate Appraisers most frequently become Residential Real Estate Appraisers and Real Estate Appraisers and Assessors even though median compensation is $9K lower and $19K lower, respectively.

Real Estate Appraiser Job Listings

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Survey takers who work as Real Estate Appraisers usually report a few specific skills. Fortunate workers who know Valuation can expect a significant pay bump, scoring salaries 33 percent above average. Skills that are correlated to lower pay, on the other hand, include 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 of relatively inexperienced workers fall in the neighborhood of $44K, but folks who have racked up five to 10 years see a notably higher median of $61K. On average, Real Estate Appraisers make $64K following one to two decades on the job. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $76K on average.

Related Job Salaries

Experience Affects Real Estate Appraiser Salaries

Late-Career
up arrow 25%

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 33%

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 50 votes.

Gender

Female
21 %
Male
79 %

Years of Experience

Less than 1 year
2%
1-4 years
17%
5-9 years
22%
10-19 years
27%
20 years or more
32%

Common Health Benefits

medical benefits Medical: 57% dental benefits Dental: 40%
vision benefits Vision: 32% employee benefits None: 43%