If you’re considering a career in appraisal, you probably want to know: What’s the average real estate appraiser salary? Survey data from the 2019 Appraisal Income Guide shows that an appraiser’s annual income varies according to factors such as license level, years of experience, and more. Here’s a look at the average real estate appraiser salary, plus tips on how you can maximize your income as an appraiser.
Real estate appraiser salary snapshot
As you can see from the chart below, the average appraiser income varies significantly across license levels. On average, licensed appraisers earn a little over $63K annually. Certified residential appraisers earn about $73K. And certified general appraisers earn about $91K per year.
Other factors that affect appraiser income
Data from the 2019 Appraisal Income Guide shows that the average real estate appraiser salary rises not only with license level, but also career satisfaction and years of experience.
On average, appraisers who are very satisfied with their career earn $47K more than appraisers who are not satisfied. Nearly eight out of ten appraisers are satisfied with their career choice.
The average annual income of a real estate appraiser increases the longer they remain in the profession, and takes a slight dip toward the end of their career as they scale back on the amount of hours worked.
Note that many real estate appraisers work for themselves and are not salaried employees. If you operate as an independent appraiser or own your own appraisal business, your income will vary somewhat from year to year. Many people choose an appraisal career because of the flexible schedule and the opportunity to make good money.
Ready to launch your appraisal career? Download our free career guide.
How to maximize your income
One of the best ways to maximize your earnings is to upgrade your license. On top of that, our survey data suggests that you can become a top earner in appraisal by sharpening your business skills and excelling in these five key areas:
- Managing business expenses
- Managing time
- Obtaining new clients
- Staying up-to-date on best practices
- Adopting new technology
So, what’s the average real estate appraiser income? The answer differs according to license level, experience, career satisfaction, and more. Want to dig deeper into the various factors affecting real estate appraiser salary? Download the 2019 Appraisal Income Guide.
