Home Value Calculator
Get an estimate of what your home could be worth today, based on purchase price, purchase year and expected annual price growth.
How to use the home value calculator
- Enter what you paid for the home.
- Enter the purchase year and an expected average annual price growth.
- The calculator shows the estimated home value today, plus the value increase in dollars and percent.
How the home value is calculated
The calculator uses a simple compound-growth projection, where the purchase price grows by the same percentage every year from the purchase year until today. This gives an estimate of how the home value could have developed if price growth had been steady throughout the period.
In practice, home prices fluctuate from year to year, and some years may see higher or lower growth than others — or even a decline. Use historical price statistics for your area as a starting point to estimate a realistic growth rate.
Frequently asked questions
How accurate is this calculation?
The calculation is a simplified estimate based on a fixed annual growth rate you choose yourself, and doesn't account for market fluctuations, renovations, or changes in the neighborhood. It should therefore only be used as a rough guide, not a precise valuation.
Why do home prices vary so much between different areas?
Home prices are affected by local conditions such as supply and demand, the job market, infrastructure and desirability. Some areas can therefore see much stronger or weaker price growth than the national average over time.
Should I use this value in a loan application?
No, lenders normally require an updated, professional appraisal from a real estate agent or licensed appraiser for refinancing or a new loan application. This calculator only gives a rough estimate for your own planning.