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 2022-2023 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.
Get tips and insights to increase your earning potential in the 2022-2023 Appraisal Income Guide.
Real estate appraiser salary snapshot
On average, appraisers earn $102,620 a year. However, as you can see from the chart below, the average appraiser salary varies significantly across license levels.
Trainee appraisers earn an average annual income of about $53K. Licensed appraisers earn approximately $89K per year. Certified residential appraisers earn more than $101K annually. And certified general appraisers earn the most, making approximately $145K per year.
Other factors that affect appraiser salary
Data from the 2022-2023 Appraisal Income Guide shows that the average real estate appraiser salary rises not only with license level, but also years of experience and number of hours worked.
Years of experience
Like with many professions, the more time you put in, the more your hard work pays off. Average earnings tend to increase the longer an appraiser is in the profession, with the greatest jump being from 0-2 years of experience to 2-5 years of experience. Appraisers who have put in 16+ years in the appraisal industry tend to make the most ($118K), while those who have less than 2 years of experience earn the least ($43K).
Hours worked per week
For appraisers who want to maximize their earnings, they’ll need to put in the time. It’s not surprising that the more hours worked, the more income earned. For example, appraisers who worked 11-20 hours per week earned an annual income of approximately $58K, on average….
