What is the maximum distance for a comparable to be used on an appraisal?

The maximum distance for a comparable property to be used in an appraisal typically ranges from one mile in urban areas to up to three miles in rural areas. However, this can vary based on the specific market conditions and the type of property being appraised. Appraisers prioritize selecting comps that closely match the subject property's characteristics, including location, size, and features, to ensure accurate valuation. Ultimately, the appraiser's judgment plays a crucial role in determining the appropriate distance for comparables.