Q:

What is the average cost of a house appraisal?

A:

Quick Answer

The average cost of a summary house appraisal ranges between $300 and $ 400, as of 2015. However, the cost may vary widely depending on the location, the lender, the type of loan and the method of appraisal.

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Full Answer

Restricted-use appraisal costs range between $100 and $150 but may vary widely by state and even county. Restricted appraisal, also called desktop appraisal, is the simplest and least-detailed home appraisal.

Self-contained appraisals, although not commonly used for residential mortgages, is very detailed and comes with detailed supporting explanations regarding its value opinions. Self-contained appraisal costs are high because of their complexity and range between $1,000 and $5,000.

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