Residential appraiser vs home appraiser

The differences between residential 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 residential appraiser and a home appraiser. Additionally, a residential appraiser has an average salary of $42,503, which is higher than the $42,496 average annual salary of a home appraiser.

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

Residential appraiser vs home appraiser overview

	Residential Appraiser	Home Appraiser
Yearly salary	$42,503	$42,496
Hourly rate	$20.43	$20.43
Growth rate	7%	7%
Number of jobs	8,581	39,904
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 55%
Average age	49	49
Years of experience	4	4

Residential appraiser vs home appraiser salary

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

	Residential Appraiser	Home Appraiser
Average salary	$42,503	$42,496
Salary range	Between $29,000 And $61,000	Between $27,000 And $66,000
Highest paying City	San Francisco, CA	-
Highest paying state	California	-
Best paying company	U.S. Bank	-
Best paying industry	Automotive	-

Differences between residential appraiser and home appraiser education

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

	Residential Appraiser	Home Appraiser
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 55%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Residential appraiser vs home appraiser demographics

Here are the differences between residential appraisers' and home appraisers' demographics:

	Residential Appraiser	Home Appraiser
Average age	49	49
Gender ratio	Male, 60.0% Female, 40.0%	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, 81.2% 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 residential appraiser and home appraiser duties and responsibilities

Residential appraiser example responsibilities.

Manage valuation disputes of clients with in-house or fee appraisers, submit BPO's/Appraisal reports error and concerns.
Utilize ISC, MLS and state, county and city public records websites for data collection need for residential appraisals.
Review appraisal reports as per FNMA and FHLMC laws.
Contact to performing appraisals for HUD foreclosure properties, through Pemco.
Assist in appraisals for multiple counties, including FHA, and conventional loans.
Assess and report any health and safety violations in accordance to FHA policy.

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.

Residential appraiser vs home appraiser skills

Common residential appraiser skills

Uniform Standards, 12%
Residential Real Estate, 8%
USPAP, 7%
Data Entry, 6%
Fair Market Value, 6%
GIS, 5%

Common home appraiser skills

Sketch, 55%
Fair Market Value, 45%

Residential Appraiser vs. similar jobs

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Updated January 8, 2025

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