Appraiser Cost in Saint Louis, Missouri

Appraiser cost in Saint Louis, Missouri ranges from $480 to $1,020 depending on the type of property appraisal. Home appraisal cost ranges from $500 to $1,020 for a typical single-family house. To get a more accurate cost for your appraisal project, request a quote.

By HomeBlue Team

October 20, 2022 02:08 PM

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How Much Do Appraisals Cost in Saint Louis, MO?

This guide is intended to provide you an approximate appraiser cost in your area. To get a quote for your specific project, Click Here for a Free Estimate. Our research, which includes feedback provided by home appraisers, resulted in the following home appraisal cost in Saint Louis, MO.

Appraiser cost:

Appraiser cost in Saint Louis, Missouri ranges from $480 to $1,020 depending on the type of property appraisal. This range includes single-family homes, condominiums, and land appraisals. Commercial properties and multi-family properties cost more to appraise because the process is more complex. Consult with an appraiser to determine what kind of appraisal you need.

Home appraisal cost for a single-family home:

Home appraisal cost ranges from $500 to $1,020 for a typical single-family house. The size of your house does impact the cost. Larger homes may be more expensive, particularly if there are features such as stand alone structures such as garages, pool houses, or guest houses.

House appraisal cost for a condominium:

House appraisal cost ranges from $480 to $920 for a typical condominium. In general, condominium appraisal costs should be a bit lower than a typical single-family house.

Land appraisal cost:

Land appraisal cost ranges from $460 to $800. This cost represents an appraisal for a piece of land with no structures on it. Only the land is being appraised. In general, the prices will generally be less than appraising a single-family house.

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Factors that Influence Home Appraisal Cost in Saint Louis

When appraisers come to provide you an estimate, they will consider several factors that can increase or decrease the cost of your project. Pricing for your appraisal project will vary based on the type and size of your property. Here are a few things to keep in mind when you get quotes from house appraisers:

Your prices may be higher when:

You have a large home (+4,000 sf).
The home has stand-alone structures (garages, pool houses, etc).
There is a pool.
There are significant hardscape and landscaping features to consider.
The home has docks or boathouses.
The appraisal needs to be done quickly.
Cost of living is high in the area of the property.
The property is not easy to reach (it is in an inconvenient area).

Your prices may be lower when:

The house is a standard size home.
The property is a condominium.
The property has no structures (bare land).
The property does not have outbuildings.
Cost of living is lower in the area of the property.
The property is in an easy to reach location.

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Types of Appraisals

There are several different types of appraisals that may be required depending on the type of loan you are trying to get. The basic types are: 1) standard bank appraisals needed for conventional loans, 2) VA (Veterans Administration) appraisals which are needed for VA loans, and 3) FHA (Federal Housing Administration) appraisals which are needed for FHA loans. They each have slightly different requirements.

Bank Appraisals

If you are trying to get a conventional loan from a bank, they will require you to get an appraisal. An appraisal is one of the factors they use to determine their risk. They want to make sure the property is worth what you agreed to pay. If the bank is planning to sell the loan on the secondary market to organizations like Fannie Mae or to Freddie Mac (which is typical), they will want to make certain that it is a conforming loan (it meets the underwriting requirements of Fannie Mae or to Freddie Mac). An appraisal is part of that process.

VA Appraisals

If you are trying to get a loan backed by the VA (Veterans Administration), you will need to hire an appraiser that is licensed by the VA. This is a mandatory requirement of getting a VA loan. The good news is that the appraisal fee is a fixed amount. Learn more about VA appraiser fees.

FHA Appraisals

If you are trying to get a loan backed by FHA (either to refinance your home or to buy a new home), the appraisal will need to conform to FHA guidelines. The FHA maintains a roster of appraisers that are eligible to prepare an FHA appraisal. Although there may be more steps necessary to obtain an FHA loan, one of the primary benefits is that FHA loans have lower down payment requirements and often have better interest rates than conventional loans.

Appraiser Cost Summary

Single-family homes: $760 (range $500 to $1,020)
Condominiums: $700 (range $480 to $920)
Land: $630 (range $460 to $800)