Real estate appraiser vs home appraiser

The differences between real estate appraisers and home appraisers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a real estate appraiser and a home appraiser. Additionally, a real estate appraiser has an average salary of $54,616, which is higher than the $42,496 average annual salary of a home appraiser.

The top three skills for a real estate appraiser include residential real estate, real estate appraisals and real property. The most important skills for a home appraiser are sketch, fair market value, and .

Real estate appraiser vs home appraiser overview

	Real Estate Appraiser	Home Appraiser
Yearly salary	$54,616	$42,496
Hourly rate	$26.26	$20.43
Growth rate	7%	7%
Number of jobs	18,157	39,904
Job satisfaction	4	-
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 55%
Average age	49	49
Years of experience	4	4

Real estate appraiser vs home appraiser salary

Real estate appraisers and home appraisers have different pay scales, as shown below.

	Real Estate Appraiser	Home Appraiser
Average salary	$54,616	$42,496
Salary range	Between $37,000 And $80,000	Between $27,000 And $66,000
Highest paying City	Las Vegas, NV	-
Highest paying state	New Jersey	-
Best paying company	JPMorgan Chase & Co.	-
Best paying industry	Technology	-

Differences between real estate appraiser and home appraiser education

There are a few differences between a real estate appraiser and a home appraiser in terms of educational background:

	Real Estate Appraiser	Home Appraiser
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 55%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Real estate appraiser vs home appraiser demographics

Here are the differences between real estate appraisers' and home appraisers' demographics:

	Real Estate Appraiser	Home Appraiser
Average age	49	49
Gender ratio	Male, 66.5% Female, 33.5%	Male, 73.1% Female, 26.9%
Race ratio	Black or African American, 4.7% Unknown, 3.9% Hispanic or Latino, 6.9% Asian, 2.9% White, 81.1% American Indian and Alaska Native, 0.4%	Black or African American, 4.7% Unknown, 3.9% Hispanic or Latino, 6.9% Asian, 2.9% White, 81.2% American Indian and Alaska Native, 0.4%
LGBT Percentage	8%	8%

Differences between real estate appraiser and home appraiser duties and responsibilities

Real estate appraiser example responsibilities.

Manage valuation disputes of clients with in-house or fee appraisers, submit BPO's/Appraisal reports error and concerns.
Produce high value appraisals for commercial and residential REO properties.
Work directly with senior real estate appraiser and MAI designate appraisers.
Assist and collaborate with a MAI on assignments including inspections and comparable selection.
Handle property value appeals from taxpayers and communicate with them to keep them inform.
Input measurements, photos, and data collect at inspection of residence into ACI program.

Home appraiser example responsibilities.

Create sketch of home using various software programs.
Provide detailed written reviews of residential properties ensuring USPAP guidelines, federal regulatory requirements and lender appraisal guidelines are met.
Gain familiarity with FNMA, underwriting, and regulatoryguidelines.

Real estate appraiser vs home appraiser skills

Common real estate appraiser skills

Residential Real Estate, 18%
Real Estate Appraisals, 6%
Real Property, 5%
Residential Properties, 4%
Fair Market Value, 4%
Market Data, 4%

Common home appraiser skills

Sketch, 55%
Fair Market Value, 45%

Real Estate Appraiser vs. similar jobs

Real Estate Appraiser related careers

Real Estate Appraiser related jobs

What similar roles do

Updated January 8, 2025

Browse business and financial jobs