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Residential appraisers are responsible for assessing the value of real estate properties to set selling prices or mortgage values of buildings or land. They establish market values and rate real estate visiting and inspecting sites, and interviewing owners.

It will be your job to determine factors that might impact the value of the property in the future, such as developments in the area or previous sales records. You will have to document your findings and prepare reports explaining your methods and the results, keeping your procedures in alignment with industry regulations and standards.

A degree in a financial area might be useful when embarking on this career path. Experience in real estate is a must, people often rise to this position after extensive work as real estate agents. Getting certified will give you a good start to enter the field. You will have to be up-to-date about regulations related to real estate procedures, and strong analytical thinking will be essential. Salaries for this position average around $49,736 per year.

There is more than meets the eye when it comes to being a residential appraiser. For example, did you know that they make an average of $24.66 an hour? That's $51,284 a year!

Between 2018 and 2028, the career is expected to grow 7% and produce 5,600 job opportunities across the U.S.

What Does a Residential Appraiser Do

There are certain skills that many residential appraisers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, customer-service skills and math skills.

Learn more about what a Residential Appraiser does

How To Become a Residential Appraiser

If you're interested in becoming a residential appraiser, one of the first things to consider is how much education you need. We've determined that 65.0% of residential appraisers have a bachelor's degree. In terms of higher education levels, we found that 7.2% of residential appraisers have master's degrees. Even though most residential appraisers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a residential appraiser. When we researched the most common majors for a residential appraiser, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on residential appraiser resumes include master's degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a residential appraiser. In fact, many residential appraiser jobs require experience in a role such as appraiser. Meanwhile, many residential appraisers also have previous career experience in roles such as staff appraiser or real estate appraiser.

Residential Appraiser Career Paths

Average Salary for a Residential Appraiser

Residential Appraisers in America make an average salary of $51,284 per year or $25 per hour. The top 10 percent makes over $72,000 per year, while the bottom 10 percent under $36,000 per year.
Average Residential Appraiser Salary
$51,284 Yearly
$24.66 hourly
$36,000
10 %
$51,000
Median
$72,000
90 %

What Am I Worth?

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Residential Appraiser Education

Residential Appraiser Majors

31.3 %
7.8 %

Residential Appraiser Degrees

Bachelors

65.0 %

Associate

16.3 %

Masters

7.2 %

Top Colleges for Residential Appraisers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

5. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

6. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

7. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

8. University of Maryland - Baltimore County

Baltimore, MD • Private

In-State Tuition
$11,778
Enrollment
11,156

9. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

10. Baylor University

Waco, TX • Private

In-State Tuition
$45,542
Enrollment
14,159

Top Skills For a Residential Appraiser

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 11.4% of residential appraisers listed uniform standards on their resume, but soft skills such as analytical skills and customer-service skills are important as well.

Choose From 10+ Customizable Residential Appraiser Resume templates

Zippia allows you to choose from different easy-to-use Residential Appraiser templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Residential Appraiser resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Residential Appraiser Demographics

Residential Appraiser Gender Distribution

Male
Male
60%
Female
Female
40%

After extensive research and analysis, Zippia's data science team found that:

  • Among residential appraisers, 40.0% of them are women, while 60.0% are men.

  • The most common race/ethnicity among residential appraisers is White, which makes up 84.9% of all residential appraisers.

  • The most common foreign language among residential appraisers is Spanish at 66.7%.

Online Courses For Residential Appraiser That You May Like

Advertising Disclosure  The courses listed below are affiliate links. This means if you click on the link and purchase the course, we may receive a commission.
Fundamentals of Residential Property Management
udemy
4.6
(347)

Understand the foundation of residential property management as a property manager or landlord...

Property Management 101
udemy
4.6
(402)

Learn the basics of managing rental property and becoming a landlord...

U.S. Residential Mortgage Business
udemy
4.5
(1,805)

A comprehensive US mortgage analysis. Covering all aspects of the residential mortgage industry in the US...

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Best States For a Residential Appraiser

Some places are better than others when it comes to starting a career as a residential appraiser. The best states for people in this position are California, Alaska, Washington, and Virginia. Residential appraisers make the most in California with an average salary of $63,744. Whereas in Alaska and Washington, they would average $59,961 and $58,045, respectively. While residential appraisers would only make an average of $57,554 in Virginia, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Pennsylvania

Total Residential Appraiser Jobs:
243
Highest 10% Earn:
$79,000
Location Quotient:
1.94 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New York

Total Residential Appraiser Jobs:
255
Highest 10% Earn:
$81,000
Location Quotient:
1.84 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. California

Total Residential Appraiser Jobs:
322
Highest 10% Earn:
$93,000
Location Quotient:
1.02 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Residential Appraisers

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Top Residential Appraiser Employers

Most Common Employers For Residential Appraiser

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Quicken Loans$83,218$40.012
2Boulder County$62,714$30.152
3Bexar County$60,844$29.252
4Chubb$59,093$28.415
5Wells Fargo$58,325$28.0410
6Bank of America$57,644$27.7117
7Forsythe Technology$54,009$25.9712
8Sabre Systems$53,937$25.932
9City of Davenport, Iowa$52,003$25.003
10TRW Automotive Holdings$51,284$24.665

Residential Appraiser Videos