hourly pay for Real Estate Appraisers
do Real Estate Appraisers make a lot of money

Real Estate Appraisers

Other names for this job might include Appraiser, Bank Appraiser, Certified Real Estate Appraiser, Certified Residential Real Estate Appraiser, Commercial Real Estate Appraiser, Engagement Director, Home Appraiser, Licensed Appraiser, Property Appraiser, Real Estate Appraiser

  • $58030
  • 72%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Low
    Job growth
OwlGuru Rank


How Much Do Real Estate Appraisers Make In 2018

In this salary guide, you will find out how much do Real Estate Appraisers make.

After reading this, you will be able to make a decision if working as a Real Estate Appraiser will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).

Average salary

Annual salary
$58030 per year
Hourly wage
$27.900 per hour

One of the most popular questions we get from our readers here at OwlGuru is how much do Real Estate Appraisers make per year and what is their hourly wage.

According to BLS, the average annual salary of Real Estate Appraisers is $58030. Their salary can also be as low as $27060 if you’re still a newbie with no experience to over $97120 if you have a ton of experience under your belt.

The typical hourly pay is $27.900 and can range from $13.010 to $46.690 which also depends if you’re a newbie or a professional.

Just like any other job, the salary of A Real Estate Appraiser will vary based on your education and experience level.

# = Over $100 per hour or $200,000 per year.
Salary rank

We wanted to make it easy for our readers to compare the salary of A Real Estate Appraiser to all the other careers out there. So we created Salary Rank.

This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.

After comparing how much do Real Estate Appraisers make with other careers, they have a salary rank of B.

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Salary range

Highest (Top 10%)$46.690$97120
Senior (Top 25%)$35.130$73080
Middle (Mid 50%)$24.930$51850
Junior (Bottom 25%)$18.030$37490
No experience (Bottom 10%)$13.010$27060

Entry-level Real Estate Appraisers who starts out at $37490 can expect to make $51850 after 3-5 years of experience in the field.

The bottom 10% makes less than $13.010 per hour while the top 10% makes over $46.690 per hour.

While the median wage is $51850 per annum or $24.930 per hour.

Depending on who you work for, you might also get overtime pay.

# = Over $100 per hour or $200,000 per year.

Highest paying industries

Industry nameHourly wageAnnual salary
Postal Service (federal government)47.2298220
Transportation and Warehousing43.6190710
Federal government, including the US Postal Service42.0987550
Securities and Commodity Contracts Intermediation and Brokerage42.0387420
Federal Executive Branch41.8687080
Lessors of Real Estate35.3373480
Computer Systems Design and Related Services35.2873380
Depository Credit Intermediation34.5871940
Management, Scientific, and Technical Consulting Services34.4271590
Engineering Services33.8270350
Credit Intermediation and Related Activities33.3169290
Nondepository Credit Intermediation32.8168250
Other Nondepository Credit Intermediation32.7668150
Management of Companies and Enterprises32.4367450
Heavy and Civil Engineering Construction32.2967170
Land Subdivision32.2967170
Finance and Insurance31.9566450
Insurance Agencies and Brokerages31.4365370
Other Support Services30.6163670
Electric Power Generation, Transmission and Distribution30.5563540
All industries, private ownership only29.4661280
Professional, Scientific, and Technical Services29.2360810
Activities Related to Real Estate29.1460600
Agencies, Brokerages, and Other Insurance Related Activities29.160540
Real Estate and Rental and Leasing29.0260350
Real Estate29.0260350
Insurance Carriers and Related Activities28.7559800
Insurance Carriers28.3658980
Direct Insurance (except Life, Health, and Medical) Carriers28.1558550
All industries27.8958010
Activities Related to Credit Intermediation26.8955940
Architectural, Engineering, and Related Services26.7355610
Legal Services26.755530
Federal, state, and local government, including government owned schools and hospitals, and the US Postal Service26.0854250
Federal, State, and Local Government26.0654200
Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service26.0654200
Sector 56- Administrative and Support and Waste Management and Remediation Services25.8953850
Administrative and Support Services25.8953850
Other Professional, Scientific, and Technical Services25.753460
Publishing Industries (except Internet)25.6953430
Other Insurance Related Activities25.5453120
Offices of Real Estate Agents and Brokers25.2252460
Local Government, excluding schools and hospitals24.5351010
Local government, including schools and hospitals24.5351010
Employment Services19.6940960

Not all industries pay the same for Real Estate Appraisers.

One of the easiest way to increase your salary is to change industries and find a higher paying one.

Highest paying states


Another simple way to boost your pay as A Real Estate Appraiser is to move to a higher paying state. However moving to a higher paying state like DC doesn’t mean you will make more overall. This is because the expenses at DC may be 2x higher than where you are currently living at right now.

According to the BLS, the highest paid / most successful Real Estate Appraisers are in the states of DC, CT, CA, AK and NJ. The average salary in DC is $91890.

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Rank: B+
Salary: $58010

They appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
Rank: C+
Salary: $43070

They compile data from various sources, such as maps, reports, and field and file investigations, for use by city planner in making planning studies.
Rank: B
Salary: $63500

They investigate, analyze, and determine the extent of insurance company’s liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with claimants. Correspond with or interview medical specialists, agents, witnesses, or claimants to compile information. Calculate benefit payments and approve payment of claims within a certain monetary limit.
Rank: B
Salary: $63500

They review settled insurance claims to determine that payments and settlements have been made in accordance with company practices and procedures. Report overpayments, underpayments, and other irregularities. Confer with legal counsel on claims requiring litigation.
Rank: B
Salary: $80420

They operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.

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