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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

$333.42 fixed fee (single family home or condo) (Range: $255.99 - $410.85)
$375.48 fixed fee for a residential lot (less than 1 acre) (Range: $308.10 - $442.86)
Free Estimates from Local Pros

Cost of Commercial Real Estate Appraisal

$112.50 per hour (Range: $75.00 - $150.00)
$3,413.89 fixed fee - flat rate (Range: $1,550.00 - $5,277.78)
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 Real Estate Appraisers - Residential
 Real Estate Appraisers - Commercial

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

27604, Raleigh, North Carolina - April 9, 2018

Home Appraisers

$350.00 to $500.00 fixed fee for a residential lot (less than 1 acre)
$375.00 to $900.00 fixed fee (single family home or condo)
The complexity of an assignment commands higher fees as the report will take more time research, and complete. Our company provides supported unbiased appraisal reports for Residential property up to 4 Income units.

Reported by:
Marian Cascone, Cascone Appraisals LLC
See the Raleigh Real Estate Appraisal Cost Report
30308, Atlanta, Georgia - February 1, 2018

Commercial Real Estate Appraisal

$1,250.00 to $7,500.00 fixed fee - flat rate
We provide appraisal services for a range of property types and complexities. Each appraisal is unique in complexity. Fees will vary depending on the complexity of the assignment, but one thing that will remain fixed is our meticulous attention to quality and timeliness.

Reported by:
Kerry Reece, Reece Appraisal Group
See the Atlanta Real Estate Appraisal Cost Report
29464, Mount Pleasant, South Carolina - April 1, 2018

Home Appraisers

$325.00 to $425.00 fixed fee for a residential lot (less than 1 acre)
$350.00 to $450.00 fixed fee (single family home or condo)
High End Large properties, Water front, Golf Course, Beneficial Views, and rural properties may be more depending on difficulty and time to complete.

Reported by:
Timothy Hillman, Hillman Appraisal, LLC
See the Mount Pleasant 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
29588, Myrtle Beach, South Carolina - March 15, 2018

Home Appraisers

$250.00 to $350.00 fixed fee for a residential lot (less than 1 acre)
$350.00 to $425.00 fixed fee (single family home or condo)
Pricing depends on work required and delivery times expected

Reported by:
Jerry Walden, CSC Appraisers, Inc
See the Myrtle Beach 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
45157, New Richmond, Ohio - March 9, 2018

Home Appraisers

$200.00 to $500.00 fixed fee for a residential lot (less than 1 acre)
$200.00 to $800.00 fixed fee (single family home or condo)
Complexity

Reported by:
Michael Scheu, Real Estate Solutions
See the New Richmond 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
08037, Hammonton, New Jersey - March 7, 2018

Home Appraisers

$300.00 to $400.00 fixed fee for a residential lot (less than 1 acre)
$300.00 to $400.00 fixed fee (single family home or condo)
OUR TYPICAL TURN TIME IS BETWEEN 3-7 DAYS. OUR FEE FOR NON-COMPLEX DEALS ARE $300-$400. FOR UNIQUE PROPERTIES WE MAY REQUIRE ADDITIONAL FEE DUE TO AMONT OF RESEARCH REQUIRED

Reported by:
Jose Tavarez, TAVAREZ APPRAISAL SERVICES
See the Hammonton 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
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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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