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Real Estate Appraiser/Assessor

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AVG. SALARY

$77,610

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Stable

Money & Outlook

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North Dakota Earnings

Average Annual Wage

$77,610

Entry Annual Wage

$49,650

Experienced Annual Wage

$108,450

Average Hourly Wage

$37.31

Entry Hourly Wage

$23.87

Experienced Hourly Wage

$52.14

Median Hourly Wage

$34.76

North Dakota Regional Earnings

North Dakota Metropolitan Areas Wages

Region Average Entry Level Experienced
Bismarck MSA $75,530 or $36.31/hr $61,780 or $29.70/hr $107,200 or $51.54/hr
Fargo ND-MN MSA $90,210 or $43.37/hr $66,100 or $31.78/hr $118,520 or $56.98/hr

North Dakota Geographical Areas Wages

Region Average Entry Level Experienced
West North Dakota nonmetropolitan area $69,950 or $33.63/hr $47,610 or $22.89/hr $100,350 or $48.25/hr

North Dakota's Employment and Outlook (State-wide)

Outlook Stable
Growth rate is estimated to be 9%
Job Openings 19 estimated annual job openings
Employment 194 were employed in this occupation
Industries Large concentrations of this occupation are found in these industries
  • Nondepository credit intermediation (NAICS522200) (30.77%)
  • Social advocacy organizations (NAICS813300) (7.69%)

North Dakota's Regional Employment and Outlook

Regions with stable outlook (0 to 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 1 32 6% 3 3
Region 2 24 8% 2 2
Region 4 15 7% 1 1
Region 5 51 16% 1 5 6
Region 7 40 8% 3 3
Region 8 11 9% 1 1

Regions with decreasing outlook (negative growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 3 12 -8% 1 1

National Earnings

The earnings information below is for the occupational group Property Appraisers and Assessors. The occupation Real Estate Appraiser/Assessor is part of this group.

Average Annual Wage

$76,110

Average Hourly Wage

$36.59

Average Annual Range

$36,230 to $116,580

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook increasing
  The employment change from 2022 to 2032 is estimated to be +5%.
(The National average for all occupations is +3%)
Job Openings very small number
  Less than 1000 average annual openings are expected for this occupation between 2022 and 2032.
(The National Average for all occupations is 1,670 openings)
Employment small occupation
  This was a small occupation in the United States, employing 77,600 workers in 2022.
(The National average for all occupations is 147,916 workers)
Growth Faster than average growth
  Demand for appraisal services is linked to the real estate market, which may fluctuate in the short term. Over the projections decade, employment growth will be driven by economic expansion; the need for business valuations; and general demand for residential, personal, and other properties. Productivity may rise with greater use of mobile technology and automated valuation models, which enable workers to appraise and assess properties more efficiently. 
Self-Employment In 2022, 20% of the people in this occupation were self-employed.
Industries Large concentrations of this occupation are found in these industries
  • Local government, excluding education and hospitals (35.7%)
  • Real estate and rental and leasing (NAICS530000) (22.7%)
  • Real estate (NAICS531000) (22.6%)
  • Self-employed workers (20%)
  • Finance and insurance (NAICS520000) (8.1%)