Salary for Real Estate Appraisers

Also known as:  Assessor, City Assessor, County Assessor, Land Appraiser, Personal Property Assessor, Property Appraiser, Real Estate Appraiser, Real Estate Assessor, Real Property Evaluator, Residential Fee Appraiser

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Real estate appraisers work in government and the private sector. Their primary function is to determine the value of real estate for sale, purchase, mortgage, investment and loans. These professionals prepare reports which detail their findings and the methods used to obtain property values - the process of report generation may involve reviewing the public record for assessment, sales and lease information. They may also verify the legal zoning of the property being appraised, and determine the impact of these regulations on the property itself. Evaluation of the property in comparison with similar properties in the area may also be conducted by real estate appraisers in order to determine the fair value of the building or property in question. Professionals in this field are generally expected to have at least some college education, and may also have industry-specific training or certifications.

An Real Estate Appraiser gets a wage that can range from 40000 to 60000 depending on education and experience. Appraisers, Real Estate can earn a wage of Fifty Seven Thousand Nine Hundred dollars on an annual basis.

Appraisers, Real Estate can obtain the highest compensation in the District of Columbia, which has pay of close to about $72200. People in this category of job are compensated most highly in Management of Companies and Enterprises, where they get average pay of $92420.

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The national wage distribution is shown below. To overlay local salaries for a Real Estate Appraiser, please select your state.
Annual salary
Hourly rate
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SALARY TREND

The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 17.30 percent nationwide in that time.

INDUSTRIES

Real Estate Appraisers tend to make the most in the following industries:

Transportation and Warehousing
$92,420
Management of Companies and Enterprises
$69,370
Finance and Insurance
$62,560
Administrative, Support and Waste Management Services
$57,370
Real Estate and Rental and Leasing
$57,110
Professional, Scientific, and Technical Services
$55,980

In general, they earn less within the industries below:

Public Administration
$49,960
Wholesale Trade
$51,280
Professional, Scientific, and Technical Services
$55,980
Real Estate and Rental and Leasing
$57,110
Administrative, Support and Waste Management Services
$57,370
Finance and Insurance
$62,560