In 2004, appraisers and assessors of real estate held about 102,000 jobs. Most appraisers and assessors work full-time. Nearly 4 out of 10 are self-employed; virtually all are appraisers. Employment is concentrated in areas with high levels of real estate activity, such as major metropolitan areas. Assessors are more uniformly spread throughout the country than appraisers because every locality has at least one assessor.

About 1 out of 4 worked in local government; almost all were assessors. Another 1 out of 4, mainly appraisers, worked for real estate firms, while a relatively small number worked for financial institutions, such as banks and credit unions.

Most independent fee appraisers' offices are relatively small, consisting of either just themselves or a small staff. However, private institutions such as banks and mortgage broker offices may employ several appraisers in one office. The size of the office employing assessors depends on the size of the local government; in some States assessments are by counties whereas in other States assessments are made by municipalities or other local governments. Therefore a county assessor's office probably would employ more.

Real Estate Appraiser Earnings