A home appraisal is an essential step in any real estate transaction, whether you’re a buyer or a seller. In Maryland, appraisers use their expertise to determine the value of your property based on a range of factors, including your home’s condition, location, size, neighborhood, market conditions, and more. This guide aims to provide you with a comprehensive understanding of the costs involved in getting a home appraisal in Maryland.

What is a Home Appraisal?

Before we delve into the cost of home appraisal, let’s define what it is. A home evaluation is a visual assessment of a property’s current value. It is conducted by a qualified appraiser who is an unbiased party and will provide the most accurate appraisal based on several factors. The appraiser considers many things, including the size and condition of the property, comparable properties in the area, market trends, and other relevant factors. The report prepared by the appraiser serves as a guide to determine the fair market value of the property.

Types of Home Appraisals

There are four types of home appraisals available in Maryland. These are:

  1. Desktop Appraisal: This type of appraisal involves an appraiser evaluating your property without actually visiting it physically. Instead, they use public data and available information about the property, its neighborhood, recent sales in the area, and other relevant factors to come up with an estimate. This type of appraisal is cost-effective, ranging from $75 to $200. However, mortgage lenders often do not accept this evaluation.
  2. Drive-By Appraisal: This type of appraisal involves a visual inspection of the property from the outside without actually stepping into the property. The appraiser will rely on the data available, including the visual inspection, to come up with an estimate. This type of evaluation is suitable for refinancing, line of credit, or foreclosure purposes, and typically costs around $100 to $150.
  3. Hybrid Home Pricing: This type of appraisal involves two people; one appraiser enters the property and does a full visual inspection, while the other analyzes the data collected by the first appraiser and prepares the report. It’s an efficient evaluation model that costs anywhere between $250 and $375. However, most mortgage lenders do not accept this type of appraisal.
  4. Traditional Appraisal: This is the most comprehensive assessment and provides the most accurate estimate of the property’s value. The process involves a full visual inspection of the property. The appraiser walks through the property and makes note of all concerns, collecting relevant data, including recent sales of similar properties in the area. A full appraisal can cost anywhere between $375 to $1,200, depending on the type of loan and property you have.

Factors Affecting Home Evaluation Costs in Maryland

Several factors can impact the cost of a home appraisal in Maryland. Some of these include:

  • Property Size and Type: The size and type of property being appraised can impact the evaluation fee, with larger and more complex properties attracting higher fees.
  • Type of Loan: The type of loan you are applying for can also affect the appraisal fee, with government-backed loans requiring more in-depth appraisal processes.
  • Property Location: The location of your property can impact the evaluation fee. For example, properties located in rural areas might attract higher fees due to their distance from the appraiser.

Home Appraisal Fees by Size

Size also plays a role when calculating the appraisal fee in Maryland. The bigger your house is, the higher the evaluation fee. We have some approximate estimates of how much you can expect to pay based on the size of your property:

  • For a home that’s less than 1,000 square feet, the appraisal fee may range from $304 to $405.
  • For a property that’s between 1,000 and 2,000 square feet, the evaluation fee may range from $404 to $504.
  • For a home that’s between 2,000 and 3,000 square feet, the appraisal fee may range from $504 to $654.
  • For a property that’s between 3,000 and 4,000 square feet, the appraisal fee may range from $654 to $804.
  • For a home that’s more than 4,000 square feet, the evaluation fee may range from $804 to $1,200 or more.

It’s important to note that these are just approximate estimates and the actual cost may vary based on several other factors like location, property type, complexity of appraisal, and more. Therefore, it is always recommended to get a quote directly from the appraiser.


A home appraisal is an important process that helps determine the current market value of your property. The cost of the evaluation in Maryland can vary depending on several factors, including the type of loan, size of the property, location, and complexity of the appraisal process.

As a homeowner or homebuyer, it’s important to understand the different types of pricing available and the costs associated with each one. Whether you’re looking to buy, sell, or refinance your property, getting a professional evaluation can provide you with an accurate estimate of your property’s worth.

Always do your research and choose a qualified appraiser who has experience in your local market. By doing so, you can ensure that you get the most accurate and reliable appraisal report possible.