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What is a real property evaluator and how to become one

Updated January 8, 2025
2 min read
Quoted expert
Jefferson Sherman
There is more than meets the eye when it comes to being a real property evaluator. For example, did you know that they make an average of $26.21 an hour? That's $54,522 a year! Between 2018 and 2028, the career is expected to grow 7% and produce 5,600 job opportunities across the U.S.

What general advice would you give to a real property evaluator?

Jefferson ShermanJefferson Sherman LinkedIn profile

Appraisal Institute President, Appraisal Institute

Clients and users of appraisal services will continue to need appraisers after the current generation retires, creating opportunities for a new generation of valuation professionals that reflects the overall demographics of a rapidly changing U.S. population. Appraisals may be required for any type of property, including single-family homes, apartment buildings and condominiums, office buildings, shopping centers, industrial sites and farms.
ScoreReal Property EvaluatorUS Average
Salary
4.3

Avg. Salary $54,522

Avg. Salary $59,228

Stability level
-

Growth rate 7%

Growth rate 0.3%

Diversity
2.9
Race

American Indian and Alaska Native 0.43%

Asian 2.84%

Black or African American 4.44%

Hispanic or Latino 6.62%

Unknown 3.85%

White 81.81%

Gender

female 23.33%

male 76.67%

Age - 51
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 51

Real property evaluator career paths

Key steps to become a real property evaluator

  1. Explore real property evaluator education requirements

    Most common real property evaluator degrees

    Bachelor's

    60.7 %

    Master's

    18.0 %

    Associate

    13.1 %

  2. Start to develop specific real property evaluator skills

    SkillsPercentages
    Real Estate Market25.86%
    Appraisal Reports24.36%
    Property Values12.35%
    Commercial Property11.64%
    Fair Market Value10.92%
    Show more

  3. Research real property evaluator duties and responsibilities

    • Conduct interior/exterior inspection of realty property for loan origination and transmit appraisal using company-sponsore software and equipment.
    • Review appraisals and other documents for large commercial mortgage-backed securities.

  4. Apply for real property evaluator jobs

    Now it's time to start searching for a real property evaluator job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How did you land your first real property evaluator job

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Average real property evaluator salary

The average real property evaluator salary in the United States is $54,522 per year or $26 per hour. Real property evaluator salaries range between $38,000 and $76,000 per year.

Average real property evaluator salary
$54,522 Yearly
$26.21 hourly

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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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