Appraisers and Assessors of Real Estate

High Risk
66%
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AUTOMATION RISK
CALCULATED
76%
(High Risk)
POLLING
55%
(Moderate Risk)
Average: 66%
LABOR DEMAND *
GROWTH
3.9%
by year 2033
WAGES
$61,630
or $29.63 per hour
Volume
62,090
as of 2023

Employment data isn't available specifically for this occupation from the Bureau of Labor Statistics, so we are using the data from Property Appraisers and Assessors.

SUMMARY
JOB SCORE
3.9/10

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Calculated automation risk

76% (High Risk)

High Risk (61-80%): Jobs in this category face a significant threat from automation, as many of their tasks can be easily automated using current or near-future technologies.

More information on what this score is, and how it is calculated is available here.

Some quite important qualities of the job are difficult to automate:

  • Social Perceptiveness

User poll

55% chance of full automation within the next two decades

Our visitors have voted they are unsure if this occupation will be automated. However, the automation risk level we have generated suggests a much higher chance of automation: 76% chance of automation.

What do you think the risk of automation is?

What is the likelihood that Appraisers and Assessors of Real Estate will be replaced by robots or artificial intelligence within the next 20 years?






Sentiment

The following graph is included wherever there is a substantial amount of votes to render meaningful data. These visual representations display user poll results over time, providing a significant indication of sentiment trends.

Sentiment over time (yearly)

Growth

Moderate growth relative to other professions

The number of 'Property Appraisers and Assessors' job openings is expected to rise 3.9% by 2033

* Data from the Bureau of Labor Statistics for the period between 2021 and 2031
Updated projections are due 09-2024.

Wages

Moderately paid relative to other professions

In 2023, the median annual wage for 'Property Appraisers and Assessors' was $61,630, or $29 per hour

'Property Appraisers and Assessors' were paid 28.2% higher than the national median wage, which stood at $48,060

* Data from the Bureau of Labor Statistics

Volume

Moderate range of job opportunities compared to other professions

As of 2023 there were 62,090 people employed as 'Property Appraisers and Assessors' within the United States.

This represents around < 0.001% of the employed workforce across the country

Put another way, around 1 in 2 thousand people are employed as 'Property Appraisers and Assessors'.

Job description

Appraise real estate, exclusively, and estimate its fair value. May assess taxes in accordance with prescribed schedules.

SOC Code: 13-2023.00

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Comments

anon (Highly likely) 6 months ago
every single appraisal done for a major bank is given to machine learning researchers
0 0 Reply
Josh T. (Low) 2 years ago
The data for automation is only as good as the input data. The primary source for this data comes from realtors and brokers who often don't input data correctly into their respective MLS systems. Realtors and brokers are required to input very detailed listing information into the system.

They also need to measure homes to ANSI standards and provide the year a property was updated, or if it was not updated at all. When I say "detailed information", I mean the following:

- 3” vs 6” trim or crown molding
- Custom crown molding
- Slate or marble tile vs builder grade
- Custom cabinets vs builder grade
- Level 1-5 granite/quartz/marble countertops
- Frigidaire appliances vs Wolf/Viking/Subzero
- Handscraped, engineered wood or Luxury Vinyl Plank floors
- 2x4 construction or 2x6
- Insulation types

In the end, the biggest factors for appraisals come down to the quality and condition of the subject property relative to its comparables. Even with all the detailed information laid out for a computer to analyze, it still has to choose comparables, which it can't do based on data points alone.

It would need to be able to identify quality and condition similarities, which is where Zillow and all AVMs have failed so far. This is something that, so far, only a trained appraiser can do.
0 0 Reply

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