Average US Appraiser Salary

Dave Towne

Dave Towne

Certified Residential RE Appraiser at Towne Appraisals
AGA, MNAA, Accredited Green Appraiser - Licensed in WA State since 2003.
Dave Towne on e-AppraisersDirectory.com
Dave Towne

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Salary Range for Real Estate Appraisers in the US?Are you curious about the salary range for appraisers in the United States?

Click this link for info on salary ranges for Real Estate Appraisers.

Rising fees across the country has fueled the growth in appraiser income. That’s a good thing! Why should we be the only ‘workers’ to have their income potential held down by lenders who don’t want to pass on true costs of doing complicated appraisals to their bank clients – the actual mortgage loan consumer – while EVERYTHING else has increased?

Thankfully over the past two years that has changed, as most appraisers across the US are now better compensated than they have historically been for decades.

If you still think you have to compete on ‘lowest price’, you need to change your perception! Pay attention to the various fee surveys and set yours to be in-line with your local peers, the VA, and surveys. Talk to your appraiser buddies. Yes, actually make an effort to meet and talk with them! However don’t ‘collude’ to mandate appraisal fees, but at least be competitive.

You provide a valuable service and have many hours of training and experience to back that up. Ask for, and expect to be paid, a fair fee for the product you provide.

Salary Ranges for Real Estate Appraisers
The salaries of Real Estate Appraisers in the U.S. range from a low of $27,040 to a high of $130,000, with a median salary of $51,860 and average of $56,146.

Image credit flickr - Alex M
Dave Towne

Dave Towne

AGA, MNAA, Accredited Green Appraiser – Licensed in WA State since 2003.
Dave Towne on e-AppraisersDirectory.com

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29 Responses

  1. anonymous says:

    In my 7th year of $170K +/-. Where do they get these figures?

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  2. Xpert says:

    Using the same database Dave used, I’m getting different results: $64K on average and a median salary of $67K for residential real estate appraisers, with SF the highest pay, followed by NY, Boston, LA, Seattle & Chicago.

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  3. Doug says:

    This is a crock of doo doo. I could sell pencils on the sidewalk for 50k per year.

    40 per month at $350 average per report (includes driveby and 1004 reports)  = 14k x 12 months = $168k yrly.

    Data junk in equals data junk out!! Let’s do another survey. GO TIGERS!

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  4. PS – DO talk about fees, AND regularly suggest fees we should be charging in order to maintain professional quality!

    STOP promoting the myth that we cant talk about what we get paid or what we SHOULD get paid!

    You think the banks don’t talk about how much they are going to pay AMCs ($550 to $650) to in turn pay us chicken feed?

    IF a TRID can fix my fee in place before I am ever consulted, then NOTHING I discuss with you guys can be alleged to violate anti trust law.

    Here, lets test it…To ALL appraisers in America I’d like to suggest we set a bare bones minimum fee of $850 for a non complex FNMA 1004/UAD format appraisal & report with 1004MC-three comps required; 7 to 10 day normal TAT. Any other comps are at our own discretion OR if required by clients direction we charge $150 each for them). 1007 an additional $250 for sfr only. “HEY FTC! OVER HERE!!!!”

    Our fee has already been decided for us in the AMC world! We re merely allowed to suggest what we want-not to actually obtain it.

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  5. Bill Johnson says:

    True story, I know a guy right now who is appraising a 40 to 50 million dollar residential property where the gross fee is $15,000, but as a staff appraiser he can collect no more than 50%. One must only complete four of those a year to be average.

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    • Bill, bet he doesn’t have to pay for his own appraisal software, E&O, MLS, RealQuest or other PR svc; portal fees, office space, printer ink or paper, utilities, marketing, or even legal defenses if or when someone gets upset with him and the firm he works for.

      I just got a 50% retainer for the highest fee I ever charged…BUT this doesn’t happen every day or even every month. I bid one of these on average a year, but most often they do not come through. Users in those price ranges are window shopping most of the time. I don’t mind, because they generate other referrals; and like this case, once in awhile they DO place the order…even knowing they can find others to do it for less.

      I doubt that most of us here also consider ourselves to be ‘average’ appraisers. If we did (or were) then we’d be quietly invisible instead of trying to cause necessary changes to preserve our profession..

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  6. Retired Appraiser Retired Appraiser says:

    The bar graph failed to mention THE APPRAISER living in Idaho who makes $600,000 per year.

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    • Bill Johnson says:

      That’s $600,000 with only Mondays in the office Retired. The other four days are dedicated to blogs, podcasts, and conferences.

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      • Baggins Baggins says:

        I’m going to write a book with an accompanying podcast about the guy who wrote the other books and had the podcasts. I’m serious, it’s going to be big.

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  7. Baggins Baggins says:

    The less detailed you are, the less care you put in, the quicker you move despite the risk to others, the more you earn. Some of the analysis points of income above are pipe dreams or if real are based on inadequate effort and improper outsourcing. Now, let’s compare to amc income please.

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  8. Baggins Baggins says:

    How to rake big bucks in real estate; Cheat a lot and use see addenda in every possible line, use runners and outsource everything possible. If there was effective enforcement mechanisms half of you big income braggers would be gone instantly.

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Average US Appraiser Salary

by Dave Towne time to read: 1 min
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