Home Value Estimator
Estimate your home value based on square footage, location, condition, and comparable sales. Get a rough market value for your property.
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How Home Values Are Determined
Professional appraisers use the comparable sales approach: finding 3-6 recently sold homes similar to yours in location, size, condition, and features, then adjusting for differences. The median US home price is approximately $420,000 (Q4 2025, National Association of Realtors). However, prices vary dramatically — from $150/sqft in the Midwest to $800+/sqft in San Francisco or Manhattan.
Key value drivers in order of impact: Location (school district, neighborhood, proximity to amenities), square footage (the single largest factor after location), condition and updates (kitchens and bathrooms add the most value), and lot size. A renovated kitchen recoups approximately 60-80% of its cost at resale, while a bathroom remodel returns 50-70%. Calculate renovation ROI with our Renovation ROI Calculator.
Finding Your Price Per Square Foot
The most reliable way to find your area's price per square foot: check recent sales on Zillow, Redfin, or Realtor.com for homes similar to yours within a 1-mile radius sold in the last 6 months. Divide sale price by square footage. Average 3-5 comparable homes for a reliable figure. National averages by region (2025): Northeast $220/sqft, West $280/sqft, South $165/sqft, Midwest $145/sqft. Urban areas typically command 30-50% premiums over suburban, and suburban 20-40% over rural. See how much home you can afford with our Affordability Calculator and estimate your equity with our Home Equity Calculator.