The job outlook for real estate appraisers is very good.  Although the demand for real estate appraisers varies from state to state, and is cyclical in line with the housing market, there is a growing need for appraisers due to more housing, more commercial businesses, and continued need in litigation, divorce, probate, foreclosures, tax assessors, and business appraisal.

The United States Bureau of Labor Statistics projects strong job growth, and industry surveys found that the need is even greater due to an increasing number of appraisers approaching retirement age.

Growth of Real Estate Appraisal Industry

The Bureau of Labor Statistics projects that the job growth in the real estate appraisal industry will be 8% from 2014 to 2024.  The growth in the appraisal industry is higher growth than the projected average rate of only 7% for all other occupations.

The BLS also reports that there were 85,800 real estate appraisers in 2014.  By 2024, the BLS projects a net increase of 6,800 appraisers.

Information above was provided by the Bureau of Labor Statistics report published December 17, 2015.

Current Appraisers are Approaching Retirement Age

Meanwhile, a staggering 62% of appraisers are over the age of 50, and 11% of them are over the age of 65, according to a 2014 survey by the Appraisal Institute.  Considering the typical retirement age in the United States is 65, a large percentage of real estate appraisers are older than, or approaching, the age of retirement.

Since many appraisers will soon retire or leave the industry, the industry will need many more than 6,800 new appraisers to replace those who leave.

Final Thoughts

As we stated in the beginning, the job prospects for people considering a career in real estate appraisal are very strong.  The industry is not only projected to have a higher than average growth in number of positions, but many existing appraisers are approaching the retirement age.

There is a large need for new appraisers.  If you are considering a career in real estate appraisal, then you can be confident that you are choosing a career with a strong job outlook.

What’s next?

Still interested in pursuing a career in real estate appraisals?  Check out the online appraisal courses available in your state from our partner at Career WebSchool.

See online qualifying eduction courses for your state >>

Current job openings for real estate appraisers

Staff Appraiser - Certified General Real Estate Appraiser

Lama Realty - Hoboken, NJ (6 days ago)
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Chicagoland Appraiser Group - Chicago, IL (1 day ago)
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Highbridge Realty Advisors - New York, NY (30+ days ago)
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Comprehensive Appraisal Corporation - Freehold, NJ (13 months ago)
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Field Staff Appraiser - Clario Appraisal Network

Clear Capital - Ocean, NJ (8 days ago)
Complete real estate appraisals within a defined territory from non-complex to highly complex assignments. FHA Approved appraiser in good standing. Apply Now

Field Staff Appraiser - Clario Appraisal Network

Clear Capital - , NJ (8 days ago)
Complete real estate appraisals within a defined territory from non-complex to highly complex assignments. FHA Approved appraiser in good standing. Apply Now

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Kech Development - New York, NY (4 days ago)
We provide professional and credible appraisals for appraisal management companies, real estate brokers, banks, financial institutions, and private clients. Apply Now

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Precision Appraisals, LLC - Blythewood, SC (30+ days ago)
If you want to be a part of a growing and exciting real estate appraisal business, please contact us for an interview. We want to keep your pipeline full! Apply Now

Certified Residential Real Estate Appraiser

Jet Appraisal Corporation - Raleigh, NC (8 days ago)
State Certified Real Estate Appraiser (Required). Proven working experience as a real estate appraiser. We are looking for motivated State Certified Real Estate… Apply Now

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Jet Appraisal Corporation - Cocoa Beach, FL (26 days ago)
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Appraisals - Columbus, OH (17 hours ago)
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Precision Appraisals, LLC - Myrtle Beach, SC (30+ days ago)
If you want to be a part of a growing and exciting real estate appraisal business, please contact us for an interview. We want to keep your pipeline full! Apply Now

Certified Residential Real Estate Appraiser

Jet Appraisal Corporation - Charlotte, NC (8 days ago)
State Certified Real Estate Appraiser (Required). Proven working experience as a real estate appraiser. We are looking for motivated State Certified Real Estate… Apply Now

VP of Commercial Real Estate Sales

NIA National Realty - Paramus, NJ (30+ days ago)
A NJ real estate license. Proven track record of sales success in commercial real estate. In the northern New Jersey (and vicinity) commercial real estate… Apply Now

Certified Real Estate Appraiser

PAI Appraisers, Inc. - Westfield, NJ (26 days ago)
Certified Real Estate Appraiser needed to add to our appraiser roster for the numerous and various clients that we currently have to service and to add to same. Apply Now

Certified Residential Real Estate Appraiser

Jet Appraisal Corporation - Greenville, SC (8 days ago)
State Certified Real Estate Appraiser (Required). Proven working experience as a real estate appraiser. We are looking for motivated State Certified Real Estate… Apply Now

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Precision Appraisals, LLC - Lexington, SC (30+ days ago)
If you want to be a part of a growing and exciting real estate appraisal business, please contact us for an interview. We want to keep your pipeline full! Apply Now

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Precision Appraisals, LLC - Columbia, SC (30+ days ago)
If you want to be a part of a growing and exciting real estate appraisal business, please contact us for an interview. We want to keep your pipeline full! Apply Now

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Clarendon - New York, NY (22 days ago)
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Residential Real Estate Appraiser

Precision Appraisals, LLC - Bluffton, SC (30+ days ago)
If you want to be a part of a growing and exciting real estate appraisal business, please contact us for an interview. We want to keep your pipeline full! Apply Now

Commercial Real Estate Appraiser

Valbridge Property Advisors | Boston - Boston, MA (9 days ago)
Real Estate Appraiser License (Required). Valbridge Property Advisors | Boston is seeking a commercial appraiser who holds a Certified General Real Estate… Apply Now

Residential Real Estate Appraiser

Precision Appraisals, LLC - Charleston, SC (30+ days ago)
If you want to be a part of a growing and exciting real estate appraisal business, please contact us for an interview. We want to keep your pipeline full! Apply Now

Commercial Real Estate Appraiser

Valbridge Property Advisors | Boston - Waltham, MA (14 days ago)
Real Estate Appraiser License (Required). Valbridge Property Advisors | Boston is seeking a commercial appraiser who holds a Certified General Real Estate… Apply Now

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BRIGHTMINDS LLC - Wilmington, NC (30+ days ago)
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