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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

$336.37 fixed fee (single family home or condo) (Range: $257.53 - $415.20)
$420.92 fixed fee for a residential lot (less than 1 acre) (Range: $327.17 - $514.67)
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Cost of Commercial Real Estate Appraisal

$3,172.50 fixed fee - flat rate (Range: $1,570.42 - $4,774.58)
$112.50 per hour (Range: $75.00 - $150.00)
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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

91302, Calabasas, California - November 6, 2018

Home Appraisers

$450.00 to $1,000.00 fixed fee for a residential lot (less than 1 acre)
$400.00 to $1,000.00 fixed fee (single family home or condo)
The fees for an appraisal are not about what it is, it is about how many homes have sold in the time period that are similar to the subject and how complex the appraisal is. Typically fees are determined on a home by home basis.\ Land is more complex than homes in Los Angeles County.

Reported by:
Pamela Evans, Pamela Evans
See the Calabasas Real Estate Appraisal Cost Report
92691, Mission Viejo, California - October 3, 2018

Commercial Real Estate Appraisal

$995.00 to $2,495.00 fixed fee - flat rate
do the necessary work to explain the details of the work completed

Reported by:
Mike Brennan, viejo appraisal
See the Mission Viejo Real Estate Appraisal Cost Report
98663, Vancouver, Washington - November 6, 2018

Home Appraisers

$500.00 to $750.00 fixed fee for a residential lot (less than 1 acre)
$450.00 to $750.00 fixed fee (single family home or condo)
We have a standard fee for non-complex properties that require less time. Unusual properties or rural assignments that require more time may command a higher fee....

Reported by:
Robert Eklund, Eklund & Associates
See the Vancouver Real Estate Appraisal Cost Report
01746, Holliston, Massachusetts - July 17, 2018

Commercial Real Estate Appraisal

$2,700.00 to $5,000.00 fixed fee - flat rate
I bid fee and timing for each assignment, execute a signed engagement letter, and require a retainer of 50 percent of total fee for non-bank clients.

Reported by:
Brian Loughlin, BCL REAL ESTATE SERVICES, LLC
See the Holliston Real Estate Appraisal Cost Report
92123, San Diego, California - November 6, 2018

Home Appraisers

$400.00 to $600.00 fixed fee for a residential lot (less than 1 acre)
$250.00 to $500.00 fixed fee (single family home or condo)
I bill according to complexity.

Reported by:
Corbin Record, Correct Appraisals
See the San Diego Real Estate Appraisal Cost Report
95008, Campbell, California - May 8, 2018

Commercial Real Estate Appraisal

$1,200.00 to $2,300.00 fixed fee - flat rate
For tract homes we charge $400 for best quality apprasial report. When we appraise custom built house, then there is more work required, thus the fee will be higher. Such fee is determined by the complexity of each case. Please contact us for a Free Quote.

Reported by:
Samuel Sada, Wall Street Appraisal
See the Campbell Real Estate Appraisal Cost Report
97221, Portland, Oregon - October 24, 2018

Home Appraisers

$495.00 to $695.00 fixed fee for a residential lot (less than 1 acre)
$495.00 to $795.00 fixed fee (single family home or condo)
We are very competitive on pricing. We want the job!

Reported by:
Nathan Bernhardt, Bernhardt Appraisal
See the Portland 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
48892, Webberville, Michigan - October 10, 2018

Home Appraisers

$300.00 fixed fee for a residential lot (less than 1 acre)
$300.00 to $475.00 fixed fee (single family home or condo)
Each house is different and unique. The low fee is based on an interior single family home / condo. The high fee is based on new construction with plans, etc. Our fee is less with just an exterior report for the single family / condo report. Please call or e-mail with any questions about an appraisal request.

Reported by:
Karen Long, Karen's Michigan Appraisal Company
See the Webberville 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
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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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