U.S. VALUATION PROFESSION
FACT SHEET – June 2014
Appraisal Institute Research Department
Real Estate Appraiser Population Trends
As of June 30, 2014, the number of active real estate
appraisers in the U.S. stood at 80,500.The number of
appraisers decreased at an average rate of 2.6 percent
per year over the past six years. A broader analysis
suggests the rate of decrease could rise sharply over the
next 5 to 10 years due to retirements, reduced numbers
of new people entering the appraisal profession,
economic factors, and greater use of data analysis
technologies.
General and Residential appraisers continue to increase
slightly.
Certified Residential
2014
2013
Active Licenses/Certifications
100,900
81,050
2013
55.7%
55.1%
30.8%
14.1%
53.9%
2010
30.0%
16.0%
Figure 3 Proportions of licensed and certified appraisers
100,900
U.S. Valuation Profession Demographics
83,400
2012
56.4%
31.5%
12.8%
80,500
2014
56.7%
31.9%
11.7%
2012
Licensed
32.0%
11.3%
2011
Actual Number of Appraisers
Certified General
102,400
2% 4% 3%
86,800
2011
106,100
Less than 1 year
90,500
2010
109,950
1 to 2 years
11%
3 to 4 years
Figure 1 Total licenses/certifications and appraisers
As of June 30, 2014, 18.5 percent of U.S. real estate
appraisers held a license or certification in one or more
states outside their home state. The proportion has
increased slightly since 2010.
2011
2010
10 to 14 years
15 to 19 years
9%
20 years or more
1%
Employee
18.5%
2013
2012
57%
Figure 4 Time in the valuation profession
Licensed/Certified in Other States
2014
5 to 9 years
15%
18.2%
22%
17.2%
37%
17.0%
17.1%
Sole proprietor (no
employees/partners)
Owner/Partner in firm
39%
Other
Figure 2 Licenses/certifications held in other states
The proportion of licensed real estate appraisers
continues to decrease while the proportions of Certified
Figure 5 Employment status
Sources: U.S. appraiser population statistics derived from the ASC National Registry as of June 30, 2014. Demographic statistics derived
from Appraisal Institute studies conducted in 2014 comprised of randomly selected AI members and nonmember valuation professionals.
Survey sample 1,451 individuals, sampling error +/- 2.6 percent points at the 95 percent confidence level.
5%
11%
Commercial appraiser
4%
Male
74%
Residential appraiser
41%
8%
Review appraiser
Chief appraiser
Appraiser trainee
31%
Female
26%
Other
0%
Figure 6 Primary occupation/job functions
2% 1%
5%
8%
Government agency
Financial institution
RE brokerage firm
AMC
51 to 65
51%
24%
Asian
1%
Black
2%
Hispanic/Latino
3%
90%
3%
20%
>$200,000
3%
$150,000 to $199,000
3%
$100,000 to $149,000
12%
40%
80%
20%
30%
40%
100%
16%
50%
<$50,000
10%
60%
$50,000 to $99,000
1%
0%
80%
Figure 11 Ethnicity
11%
<25
1%
0%
Figure 7 Types of companies or organizations
26 to 35
Native American
Other
Other
36 to 50
60%
White
75%
>66
40%
Figure 10 Gender
Appraisal services firm
9%
20%
50%
60%
Figure 8 Age
29%
0% 10% 20% 30% 40% 50% 60%
Figure 12 Annual incomes non-AI valuation professionals
Doctoral degree
1%
>$200,000
Master’s degree
19%
$150,000 to $199,000
Bachelor’s degree
11%
58%
Associate degree
$100,000 to $149,000
6%
Some college
37%
<$50,000
2%
0%
26%
$50,000 to $99,000
14%
High school diploma
Figure 9 Education level
10%
50%
100%
16%
0%
10%
20%
30%
40%
Figure 13 Annual incomes AI valuation professionals
The Appraisal Institute is a global professional association of real estate appraisers, with nearly 22,000 individuals in
more than 60 countries. Its mission is to advance professionalism and ethics, global standards, methodologies, and
practices through the professional development of property economics worldwide.