Appraisers, Real Estate

General Information

Description

Appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.

Business Breakdown

People in this career work in these sectors.

  1. Self-employed42.06%
  2. Private, for profit28.67%
  3. State and local government26.69%
  4. Federal government2.03%
  5. Private, not for profit0.49%

Workplace at a Glance

What you can expect to experience while on the job

  • Responsibility
  • Exposure to job hazards
  • Physical activity
  • Decision making
  • Repetitiveness
  • Level of competition
  • Time pressure

Industry areas

  • Local Government, excluding schools and hospitals (OES Designation)
  • Real Estate
  • State Government, excluding schools and hospitals (OES Designation)

Job Outlook

Employment of appraisers and assessors of real estate is projected to grow 14 percent from 2016 to 2026, faster than the average for all occupations. Demand for appraisal services is linked to the real estate market, which can fluctuate in the short term. Over the long term, employment growth will be driven by economic expansion and population increases—factors that generate demand for property. Greater use of mobile technology, which enables workers to appraise and assess properties more efficiently, will increase productivity. In addition, the increased use of automated valuation models to aid in the appraisal of property for mortgages, might also increase productivity.

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Salary

Average Salary

Salary

$50,150

State-by-state Salary

Gray states indicate no data available

$97,320
$27,900
No Information for this section

Education

Most Common Education Levels

People in this career achieve this level of education.

  • Bachelor's degree 60%
  • Associate's degree 25%
  • Some college 10%
  • Post-secondary certificate 5%
  • High school 0%
  • Master's degree 0%
  • Doctoral degree 0%
  • Post baccalaureate 0%
  • Less than high school 0%
  • Post-doctoral training 0%
  • Post-master's certificate 0%
  • First professional degree 0%

Related College Majors

Select major to see colleges that offer it

Knowledge

  • English Language
  • Mathematics
  • Building and Construction
  • Computers and Electronics
  • Law and Government

Skills at a Glance

Skills helpful in this career

  • Verbal skills
  • Critical thinking & problem solving
  • Equipment operation & maintenance
  • Math & science skills
  • Technology design & control
  • Leadership
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