The price depends on the type of property (condo, single family) and the size (small, medium or Michael Vick's former residence). The larger the property, usually the higher the price. FHA can range from $300 to as much as $500. There is no set price. You may use your own appraiser or the lender's appraiser. So, if you have a friend who can cut his price for you, go for it. Just make sure he/she is licensed currently and can do FHA appraisals.