If you’re thinking about starting or advancing your appraisal career, you probably want to know: How much do real estate appraisers make? A recent survey reported in the 2019 Appraisal Income Guide shows that an appraiser’s annual earnings depends on many different factors. Here is a snapshot of the average real estate appraiser salary, broken down across license level, years of experience, and other key factors affecting income potential.
Income rises with license level
One of the largest factors impacting potential income for appraisers is license level. The higher the license level, the more appraisers earn. On average, certified residential appraisers earn $10,000 more than licensed appraisers. Certified general appraisers earn nearly $18,000 more than certified residential appraisers. That’s a big jump in annual income each time you level up.
Want more in-depth insights into the question, “How much do real estate appraisers make?” Download the 2019 Appraisal Income Guide.
Income rises with career satisfaction
Nearly eight out of ten appraisers are satisfied with their career choice. A healthy work-life balance, steady work, and a respectable income are reasons they cite for their happiness. Appraisers who are very satisfied with their career earn over $47,000 more than appraisers who are not satisfied. This correlation among career satisfaction and income is seen across all license levels.
Income rises with experience
Average earnings increase the longer an appraiser is in the profession, and take a slight dip toward the end of their career as they scale back on the number of hours worked.
So, how much to real estate appraisers make? The answer varies depending on license level, experience, and career satisfaction, to name a few. To dig deeper into all the different factors that impact appraiser salary, download the 2019 Appraisal Income Guide. The guide looks at number of hours worked, number of assignments completed, employer type, level of expertise in key areas—and more—in relation to appraiser income.