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The differences between real estate appraisers and residential 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 residential appraiser. Additionally, a real estate appraiser has an average salary of $54,616, which is higher than the $42,503 average annual salary of a residential 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 residential appraiser are uniform standards, residential real estate, and USPAP.
| Real Estate Appraiser | Residential Appraiser | |
| Yearly salary | $54,616 | $42,503 |
| Hourly rate | $26.26 | $20.43 |
| Growth rate | 7% | 7% |
| Number of jobs | 18,157 | 8,581 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 65% |
| Average age | 49 | 49 |
| Years of experience | 4 | 4 |
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Just as the name suggests, the residential appraiser assesses buildings and properties before it is sold, mortgaged, taxed, insured, or developed. They evaluate properties by establishing market value and property ratings. Their duties and responsibilities include visiting a site and conducting a formal appraisal before a building or land is sold or mortgaged. Appraisers keep informed on all current regulations, standards, and best practices.
Real estate appraisers and residential appraisers have different pay scales, as shown below.
| Real Estate Appraiser | Residential Appraiser | |
| Average salary | $54,616 | $42,503 |
| Salary range | Between $37,000 And $80,000 | Between $29,000 And $61,000 |
| Highest paying City | Las Vegas, NV | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | JPMorgan Chase & Co. | U.S. Bank |
| Best paying industry | Technology | Automotive |
There are a few differences between a real estate appraiser and a residential appraiser in terms of educational background:
| Real Estate Appraiser | Residential Appraiser | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between real estate appraisers' and residential appraisers' demographics:
| Real Estate Appraiser | Residential Appraiser | |
| Average age | 49 | 49 |
| Gender ratio | Male, 66.5% Female, 33.5% | Male, 60.0% Female, 40.0% |
| 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% |