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Real Estate Appraisal in Minnesota

Author.Name IBISWorld United States Last Updated: March 2026 NAICS MN53132

Real Estate Appraisal in Minnesota industry analysis

The Real Estate Appraisal industry in Minnesota is expected to decline an annualized -x% to $x.x million over the five years to 2026, while the national industry will likely decline at -x.x% during the same period. Industry establishments decreased an annualized -x.x% to xxx locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

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About the Real Estate Appraisal in Minnesota Market Research Report

What’s Included in the Real Estate Appraisal in Minnesota Market Research Report

Definition of the Real Estate Appraisal in Minnesota?

Operators in this industry specialize in estimating the fair market value of real estate. Appraisers research a property or development to determine the characteristics pertinent to its market value. Valuations for a property are carried out when it is sold, mortgaged, taxed, insured or developed.

What’s included in the Real Estate Appraisal in Minnesota?

The Real Estate Appraisal in Minnesota includes real estate appraisal - residential, real estate appraisal - commercial, consulting and other services and appraisal management. Related terms covered in the Real Estate Appraisal in Minnesota industry report includes an inspection that includes a visit to each part of the interior of the house used in estimating value, the appraiser's opinion of value as written in an appraisal report. it should reflect what a willing seller would pay a willing buyer in an arm's-length transaction and the estimated value of a property as determined by a real estate broker or qualified individual or firm (not a licensed appraiser).

Industry Performance of the Real Estate Appraisal industry in Minnesota

Benchmark the Real Estate Appraisal in Minnesota industry performance with all MN county and national performance.

Real Estate Appraisal in Minnesota

#7 in Highest Revenue 4.6% of state's GDP
Revenue (2026)
Annual Growth (2021-26)
Annual Growth ()

Real Estate Appraisal in the US


Revenue (2026)
Annual Growth (2021-26)
Annual Growth (2026-31)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Real Estate Appraisal industry in Minnesota

See how key industry drivers, such as population, private investment in residential construction, median houshold income, existing home sales, value of private nonresidential construction and house price index are impacting Real Estate Appraisal in Minnesota

Minnesota Economic Indicators

Population
Private Investment in Residential Construction
Median Houshold Income

View more economic information in MN State Economic profile

US Key External Drivers

Existing home sales
Value of private nonresidential construction
House price index

For the full list of industry drivers, see report purchase options.

County Data of the Real Estate Appraisal industry in Minnesota

Access proprietary data on county in the Real Estate Appraisal in Minnesota, such as Hennepin County, Ramsey County and Dakota County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Real Estate Appraisal industry in Minnesota

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Real Estate Appraisal industry in Minnesota in 2026?

The market size of the Real Estate Appraisal industry in Minnesota is $470.8m in 2026.

How many businesses are there in the Real Estate Appraisal industry in Minnesota in 2026?

There are 888 businesses in the Real Estate Appraisal industry in Minnesota, which has been declining at an average annual rate of -1.4% from 2021 to 2026.

Has the Real Estate Appraisal industry in Minnesota grown or declined over the past 5 years?

The market size of the Real Estate Appraisal industry in Minnesota has been declining at an average annual rate of -1.0% from 2021 to 2026.

How many employees in the Real Estate Appraisal industry in Minnesota in 2026?

There are 1,675 employees in the Real Estate Appraisal industry in Minnesota, which has been declining at an average annual rate of -0.1% from 2021 to 2026.