What Is the Average Salary of a House Appraiser?
- The number of years a home appraiser has worked in the field impacts her annual salary, reports Payscale. With one to four years' experience, residential appraisers earned an average of $28,000 to $48,611 per year. Those with 10 to 19 years' experience received average annual salaries of $35,346 to $73,596. Home appraisers who had worked in the field for 20 years or more enjoyed average annual salaries of $48,539 to $98,150.
- A home appraiser's employer type and industry affected his average annual salary as of May 2009, according to the BLS. The largest employer of appraisers, local government agencies, paid an average of $47,660 per year. Appraisers who worked for the U.S. Postal Service enjoyed the highest rates of pay at $93,870 annually. Credit inter-mediation companies paid appraisers an average of $60,930 to $62,070 per year. Home appraisers working for the federal government made an average of $85,710 annually, while those working for real estate agencies averaged $56,910.
- Salary rates for home appraisers varied across geographic regions in the United States as of May 2009, explains the BLS. Montana featured the highest concentration of appraisers; those working in the state earned an average of $38,910 per year. At an average of $72,200 annually, appraisers in the District of Columbia received the highest rates of pay. Other high-paying states for appraisers in terms of average annual salary included Alaska at $65,330, New Jersey at $66,450, Nevada at $70,150 and California at $71,970.
- Home appraisers may receive benefits that increase their overall compensation, according to Payscale reports as of November 2010. Appraisers reported receiving .6 to 1.1 weeks of paid vacation per year as well as paid sick leave and holidays. Some appraisers receive annual bonuses from their employers; the reported median rates for home appraiser bonuses ranged from $1,300 to $5,500. Other benefits received by home appraisers included 401(k) retirement plans, life and disability insurance, flex-time or flexible scheduling and tuition or educational training reimbursement.
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