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Real Estate Appraisal Costs & Prices - ProMatcher Cost Report

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Real Estate Appraisal Costs & Prices


We have collected data nationwide to help calculate the average cost of real estate appraisal in the US. The following are average costs and prices reported back to us:

Cost of Home Appraisers

$332.21 fixed fee (single family home or condo) (Range: $255.51 - $408.91)
$377.19 fixed fee for a residential lot (less than 1 acre) (Range: $313.75 - $440.63)
Free Estimates from Local Pros

Cost of Commercial Real Estate Appraisal

$112.50 per hour (Range: $75.00 - $150.00)
$3,293.75 fixed fee - flat rate (Range: $1,587.50 - $5,000.00)
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 Real Estate Appraisers - Residential
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Real Estate Appraisal Cost Checklist

Real Estate Appraisal Cost Checklist
When evaluating a cost estimate from a real estate appraiser:

- How long will it take to get the appraisal?
- How will the appraisal be delivered? Electronically? By mail? Both?
- Are you getting an appraisal or a CMA (Comparative Market Analysis)?
- There are several types of appraisals. Make sure you are getting the type you need based on your intended use (purchase, refinance, home equity loan, selling, divorce).
- If you are using the appraisal for financing, can you choose your own appraiser or do you have to have one assigned by an appraisal management company?
- Are you sure you need an appraisal or do you need an engineering/home inspection?
- Will the appraiser use the “sales comparison,” “cost” or “income” approach? Is this the correct approach based on your needs?
- Is the appraiser local?
- If you are using the appraisal for financing, do you have to pay for the appraisal upon completion, or can you pay at settlement?


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Learn more about real estate appraisal cost factors.

Real Estate Appraisal Cost Factors

How Much Does a Real Estate Appraisal Cost?

Learn more about the factors that increase and decrease the cost of real estate appraisal.

Cost of Real Estate Appraisals

Learn about real estate appraisal costs and what to consider when hiring a property appraiser.

Find Costs & Prices in Your City


Real Estate Appraisal Cost Research & Resources

Mortgage Appraisal Cost reported by Realtor.com
Realtor.com reports that mortgage appraisal costs range from $250-$350 for a typical single family home.
Zillow.com Forum on Home Appraisal Costs
Zillow.com has a forum with responses related to Home Appraisal Costs.

Real Estate Appraisal Cost Data

70605, Lake Charles, Louisiana - May 3, 2017

Home Appraisers

$300.00 to $500.00 fixed fee for a residential lot (less than 1 acre)
$350.00 to $1,000.00 fixed fee (single family home or condo)
Prices vary depending on market location, size of property and scope of work.

Reported by:
Linda Washam, LAKE AREA APPRAISAL FIRM
See the Lake Charles Real Estate Appraisal Cost Report
60056, Mount Prospect, Illinois - February 6, 2017

Commercial Real Estate Appraisal

$500.00 to $5,000.00 fixed fee - flat rate
Fees vary for commercial appraisals due to the unique nature of each property, i.e., office buildings, industrial, shopping center, apartment building, etc. Fees for commercial appraisals are made by individual quote once we know the nature of the property to be appraised.

Reported by:
Vince Solano, V.A. Solano & Associates, Inc.
See the Mount Prospect Real Estate Appraisal Cost Report
60056, Mount Prospect, Illinois - February 6, 2017

Home Appraisers

$295.00 to $450.00 fixed fee for a residential lot (less than 1 acre)
$295.00 to $450.00 fixed fee (single family home or condo)
Fees vary depending on the size of the property and location. Usually, high end residences over 4000 SF can cost more because it takes more time to inspect the property and prepare the appraisal. However, the fee for most residences is $375.

Reported by:
Vince Solano, V.A. Solano & Associates, Inc.
See the Mount Prospect Real Estate Appraisal Cost Report
85016, Phoenix, Arizona - November 10, 2016

Commercial Real Estate Appraisal

$2,000.00 to $10,000.00 fixed fee - flat rate
Fees depend on the purpose of the appraisal which dictates the scope of work.

Reported by:
Lonnie Heward, Accurate Appraisals USA
See the Phoenix Real Estate Appraisal Cost Report
48116, Brighton, Michigan - December 30, 2016

Home Appraisers

$450.00 fixed fee (single family home or condo)
Dwellings over 2,500 Square Feet and lots over 1 acre - Additional Fee

Reported by:
Yvette Whiteside, Appraisal Connection LLC
See the Brighton Real Estate Appraisal Cost Report
33020, Hollywood, Florida - May 18, 2016

Commercial Real Estate Appraisal

$1,500.00 to $2,500.00 fixed fee - flat rate
Restricted Reports low Appraisal Reports high

Reported by:
Murdo Mackenzie, L.B. Slater & Company Inc.
See the Hollywood Real Estate Appraisal Cost Report
23451, Virginia Beach, Virginia - December 14, 2016

Home Appraisers

$475.00 to $575.00 fixed fee for a residential lot (less than 1 acre)
$400.00 to $600.00 fixed fee (single family home or condo)
We base our pricing on the type and complexity of the assignment.

Reported by:
David Bradshaw, Atlantic Appraisal Solutions, LLC
See the Virginia Beach Real Estate Appraisal Cost Report
46250, Indianapolis, Indiana - February 2, 2016

Commercial Real Estate Appraisal

$2,500.00 to $5,000.00 fixed fee - flat rate
First, we seek to provide client solutions. Our fees reflect the scope of work required to meet the client's objectives.

Reported by:
Rich Correll, CORRELL Commercial
See the Indianapolis Real Estate Appraisal Cost Report
85016, Phoenix, Arizona - November 10, 2016

Home Appraisers

$400.00 to $800.00 fixed fee for a residential lot (less than 1 acre)
$400.00 to $1,500.00 fixed fee (single family home or condo)
Fees depend on the purpose of the appraisal which dictates the scope of work.

Reported by:
Lonnie Heward, Accurate Appraisals USA
See the Phoenix Real Estate Appraisal Cost Report
28786, Waynesville, North Carolina - February 18, 2015

Commercial Real Estate Appraisal

$1,700.00 to $3,000.00 fixed fee - flat rate
Competitive rates

Reported by:
Michael McGrew, The Valuator
See the Waynesville Real Estate Appraisal Cost Report
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Disclaimer: Costs and prices shown on the ProMatcher site are intended to be used as general information, not as guaranteed estimates. To obtain cost information relevant to your project, request a quote or estimate from a local service provider.
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