Industry Description
This industry comprises establishments primarily engaged in estimating the fair market value of real estate.
Business Examples
Common types of business activities within NAICS 531320 - Offices of Real Estate Appraisers are:
- Real estate appraisal services
- Appraisers' offices, real estate
- Real estate appraisers' offices
- Appraisal services, real estate
IBISWorld Industry Research Report
Real Estate Appraisal in the US (53132)
Revenue 2024
$11.9bn
Growth 2024
5.30%
Key Trends
As downstream markets continue to struggle, revenue and profit will fall
Housing starts, existing home sales and the value of residential construction expanded significantly in 2020 and 2021
The nonresidential sector will likely expand over the following years
Products and Services
NAICS Hierarchy 531320 - Offices of Real Estate Appraisers
NAICS Code 531320 - Offices of Real Estate Appraisers sits in the 2-digit Offices of Real Estate Appraisers sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 53
Sector Title: Real Estate and Rental and Leasing
3 Digits 4 Digits 5 Digits 6 Digits
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5311 Lessors of Real Estate
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53111 Lessors of Residential Buildings and Dwellings
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53112 Lessors of Nonresidential Buildings (except Miniwarehouses
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53113 Lessors of Miniwarehouses and Self-Storage Units
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53119 Lessors of Other Real Estate Property
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5312 Offices of Real Estate Agents and Brokers
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53121 Offices of Real Estate Agents and Brokers
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5313 Activities Related to Real Estate
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53131 Real Estate Property Managers
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53132 Offices of Real Estate Appraisers
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53139 Other Activities Related to Real Estate
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5321 Automotive Equipment Rental and Leasing
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53211 Passenger Car Rental and Leasing
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53212 Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
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5322 Consumer Goods Rental
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53221 Consumer Electronics and Appliances Rental
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53228 Other Consumer Goods Rental
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5323 General Rental Centers
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53231 General Rental Centers
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5324 Commercial and Industrial Machinery and Equipment Rental and Leasing
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53241 Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing
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53242 Office Machinery and Equipment Rental and Leasing
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53249 Other Commercial and Industrial Machinery and Equipment Rental and Leasing
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5331 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works
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53311 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works
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NAICS Resources
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