The average salary for Texas home appraisers is less than the average pay for the occupation overall. However, labor statistics show that appraisers in Texas fare better than appraisers in nearby states in terms of annual pay. All appraisers' incomes are usually sensitive to the real estate market's cyclical nature.
House appraisers estimate the value of houses, condominiums and other homes for home buyers, lenders and insurers. Appraisers generally work in locations they're familiar with to effectively determine what local conditions affect home values. A home's value can be affected by things that range from its architectural style to whether a major highway is nearby. Appraisers earned a mean annual salary of $54,230 in 2010, based on U.S. Bureau of Labor Statistics data. Their mean hourly wage that year was $26.07. Texas appraisers earned slightly below-average annual salaries in 2010 at $53,840. The mean hourly wage in Texas that year was $25.88.
Texas appraisers earn higher wages than appraisers in neighboring states earn. Bureau of Labor Statistics data show Texas appraisers' salaries ranged from $51,510 to $54,330 in 2010. However, the salary range for appraisers in Arkansas, Louisiana and Oklahoma was lower that year. Appraisers in those states earned incomes that ranged from $29,150 to $41,550. The salary range for the occupation is higher in some states west of Texas. For example, Arizona appraisers earned annual incomes that ranged from $54,820 to $59,520 in 2010.
Dallas is included among cities that have the highest employment levels for appraisers. Labor statistics data show the mean annual salary for appraisers in Dallas was $66,160 in 2010. The average hourly wage for Dallas appraisers that year was $31.81. Employment levels for appraisers are good in Los Angeles as well, but the wages appraisers earn there are significantly higher. Los Angeles appraisers earned a mean annual salary of $89,190 in 2010, and their average hourly pay was $42.88.
Alaska, California and Nevada are among the top-paying states for appraisers. For example, labor statistics data show the mean annual salary that Nevada appraisers earned in 2010 was $69,570, which was more than $15,000 higher than the average salary that Texas appraisers earned that year. In any case, fluctuations in the real estate market directly affect appraisers’ job opportunities and salaries, according to the Bureau of Labor Statistics. Fewer people can afford to buy homes, and homeowners have a tougher time trying to sell their properties during an economic downturn. The demand for appraisers' services usually falls as a result.