Real Estate Appraisal Industry Survey

This information was compiled from the AppraisalWorld Residential Survey. As members join, they are asked for information about their profession and personal demographics. These results reflect the demographics of a typical residential appraiser.


Gender Breakdown

As you probably suspect, the appraisal profession is heavily dominated by men-almost 4 out 5.


Age Breakdown

Note that the age groups are almost evenly divided. Appraisers in their
40s represent 30%, appraisers in their 50s make up 31% and appraisers
under 40 represent 28%. Appraisers over 60 represent a little more than
10%.


Years of Experience Appraising

Interestingly, appraisers were split 50/50 with 50% having more than 10
years of experience and the other half having 10 or less years of
appraisal experience. Note that there are very few trainees, but still
a substantial number (23%) of relatively new appraisers with 1 to 5
years of experience.


Education Level

Residential appraisers are quite an educated group, with more than
three quarters having continued on after high school to get an advanced
degree.


Income Level

The education levels seem to be paying off in higher income levels as
more than two-thirds of all appraisers are making over $50,000 per
year. More than 30% of the appraisers are making over $80,000 per year.
This also shows that some appraisers, 15%, are having a rougher time
with incomes of less than $40,000 per year.

According to Money Magazine and Salary.com, the #6 Best Job in
America for people over 50 is Residential Real Estate Appraising.
Here’s what Money has to say: Median pay is $42,000; 90% make more than
$30,900; 10% make more than $50,000; They estimate the 10 year job
growth to be 23%. The #1 job for people over 50 was “Non-Profit
Executive”; Highest paying job was Labor Relations manager with a
median salary of $100,000.


Is Appraising the Primary Source of Income?

Overwhelmingly, 94% of residential appraisers stated that appraising
was their primary source of income. Only 6% considered appraising to be
secondary or supplemental income.


Has your identity ever been stolen?

AppraisalWorld is very concerned with building trust and reliability in
the appraisal profession and so we asked appraisers about fraud and
identity theft. Shockingly, but perhaps not surprising, 5% have had
their identity stolen.

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heartWhat Our Previous Clients Say:

I was unsure what the after repair value would be on this house. You provided a quick and thorough appraisal service, helping us get the home listed that weekend.- David Keys - Keymark Investments
The report you provided was helpful and showed you had a good knowledge of the Houston area. Thank you for your prompt and courteous service.- Mark W. - Estate Value
You provided exactly what I was looking for, a no nonsense approach to this industry. Thank you very much your promptness and honesty. - Nathan McMartin - Nation's Banker Mtg.
Thank you for your appraisal. The end result was just over 100K in assessed value reduction. The appraiser noted that the professional appraisal from you was a big help for me.- Mike S. - Tax Appeal
Wow!!!!! You stayed up late last night! This is a great appraisal. Thanks so much. We will definitely recommend you in the future.- Gloria G. - Listing Appraisal

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5161 San Felipe
Houston, TX 77056

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Our philosophy is to provide a fast, accurate and effective appraisal report that serves our clients needs exactly. Furthermore, we try and help all of our clients understand the "mystery" behind the appraisal process so that they may better understand what we do as appraisers. For that reason we have created this website to serve as a resource full of useful information for home owners and real estate professionals alike.