Find Schools

Study Area & Zipcode

Appraisers, Real Estate

Find Schools Near

What Does it Take to Be a Real Estate Appraiser?

Real Estate Appraiser Example Appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.

Life as a Real Estate Appraiser: What Do They Do?

  • Evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values.
  • Check building codes and zoning bylaws to determine any effects on the properties being appraised.
  • Examine the type and location of nearby services, such as shopping centers, schools, parks, and other neighborhood features, to evaluate their impact on property values.
  • Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.
  • Interview persons familiar with properties and immediate surroundings, such as contractors, home owners, and realtors, to obtain pertinent information.
  • Examine income records and operating costs of income properties.

Real Estate Appraiser Required Skills

These are the skills Real Estate Appraisers say are the most useful in their careers:

Reading Comprehension: Understanding written sentences and paragraphs in work related documents.

Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Writing: Communicating effectively in writing as appropriate for the needs of the audience.

Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.

  • Residential Fee Appraiser
  • Bank Appraiser
  • Home Appraiser
  • Staff Appraiser
  • Licensed Appraiser

Real Estate Appraiser Employment Estimates

There were about 80,800 jobs for Appraisers and Assessors of Real Estate in 2016 (in the United States).

New jobs are being produced at a rate of 14.4% which is lower than average. The Bureau of Labor Statistics predicts 11,700 new jobs for Real Estate Appraisers by 2026. The BLS estimates 6,700 yearly job openings in this field per year.

Forecasted Number of Jobs for Real Estate Appraisers in U.S.

The states with the most job growth for Appraisers and Assessors of Real Estate are Texas, Florida, and New York.

Watch out if you plan on working in Maryland, Alaska, or Vermont. These states have the worst job growth for this type of profession.

Do Real Estate Appraisers Make A Lot Of Money?

The salary for Appraisers and Assessors of Real Estate ranges between about $29,690 and $102,590 a year. The median salary is $54,980.

Salary Ranges for Real Estate Appraisers

How much do Appraisers and Assessors of Real Estate make in each U.S. state?

Annual Mean Salary by State
State Annual Mean Salary

Nevada

$94,400

District of Columbia

$93,730

California

$84,130

Colorado

$79,390

Iowa

$78,680

Alaska

$76,080

New Jersey

$73,200

Nebraska

$71,370

New Hampshire

$70,840

Connecticut

$70,610

Massachusetts

$70,150

Washington

$69,770

Ohio

$69,650

Minnesota

$69,200

Oregon

$69,040

Hawaii

$67,870

Wisconsin

$66,030

Maryland

$63,590

New York

$63,100

Virginia

$60,420

Maine

$60,120

Pennsylvania

$59,830

Texas

$59,310

Wyoming

$58,600

Tennessee

$57,320

North Carolina

$57,230

Mississippi

$57,120

Kansas

$56,800

Illinois

$56,520

Vermont

$55,870

Missouri

$55,190

Georgia

$54,550

Alabama

$54,340

South Carolina

$54,130

Florida

$53,900

North Dakota

$53,840

Idaho

$53,090

Michigan

$52,730

Louisiana

$52,310

Utah

$52,280

Arizona

$49,330

South Dakota

$49,100

Oklahoma

$49,050

Indiana

$48,740

Kentucky

$46,740

Montana

$46,490

Arkansas

$45,180

New Mexico

$44,710

West Virginia

$40,710

Tools & Technologies Used by Real Estate Appraisers

Although they’re not necessarily needed for all jobs, the following technologies are used by many Real Estate Appraisers:

  • Microsoft Office
  • Microsoft PowerPoint
  • Microsoft Excel
  • Microsoft Word

Who Employs Real Estate Appraisers?

Real Estate Appraiser Sectors

Other Jobs You May be Interested In

Those interested in being a Real Estate Appraiser may also be interested in:

  • Insurance Adjusters, Examiners, and Investigators

References

Bureau of Labor Statistics

College Factual

O*NET Online

Image Credit: Via Wikimedia Commons

Find Schools Near You

Our free school finder has matched thousands of students with colleges.