How do I calculate my home’s value?
user - September 2, 2025
Calculating your home’s value isn’t an exact science, but you can get a pretty close estimate by looking at several key factors:
1. Compare with recent sales nearby
Look at homes in your neighborhood that are similar in size, age, and style to yours and see what they sold for. These “comps” are usually the strongest indicator of market value.
2. Adjust for differences
If your home has an extra bedroom, a larger lot, or recent renovations, it may be worth more than similar properties. On the flip side, if it needs repairs or upgrades, that can lower its value.
3. Consider square footage
Buyers and appraisers often break things down to a price per square foot. Multiply that by your home’s size to get a ballpark figure.
4. Factor in condition and upgrades
A freshly renovated kitchen, energy-efficient windows, or a new roof can add significant value compared to a home with outdated features.
5. Use income potential (if applicable)
If your property can generate rental income, its value can also be estimated by how much money it could earn annually.
6. Get professional input
A real estate agent can give you a comparative market analysis (CMA), and an appraiser can provide the most precise number.
At home, you can combine comps, condition, and square footage to get a solid estimate. For the most accurate figure—especially if you’re selling, refinancing, or buying—an appraisal is the safest route.