How Much Is My House Worth? A Beginner's Guide

Your Custom Property Value Estimate at Your Fingertips

Whether you’re thinking about selling your home, buying a home, checking your equity position, or interested in the real estate market, the question starts with, what’s my home worth?

Independent Home Valuations are a Great First Step – Better information leads to better decisions. Our online property value estimator gives you a simple and easy start toward understanding your home’s value. Why multiple home value estimators? Because you get more information, and you can see the variability that comes with any kind of automated tool.

Getting Ready to Buy or Sell a Home? – Take the next step with a Long & Foster agent. There’s so much about the value of your home and neighborhood that simply can’t be explained by a computer program or plugged into an algorithm. A Long & Foster real estate professional can create a custom analysis with a complete understanding of the special features of your home and neighborhood, coupled with insider insight on who’s buying what on your block. We’ll mix technology with a market expert focused on customer service who will create a customized plan to help you achieve your goals.


Pro tip: The five small repairs that could make the biggest difference

  1. Installing a security system
  2. Updating fixtures
  3. Landscaping
  4. Patchwork
  5. Decor

Installing a security system

Installing an alarm system can be enticing for a potential buyer. Access to safety in your own home is a high priority for many. Although this may not drive up the price of your home, it is a nice accessory that another home on the market may not have.

Updating fixtures

Updating your bathroom or kitchen fixtures are functional updates that can go a long way for a future buyer. It increases the aesthetics of the house and can help transform an outdated kitchen into something more modern.


Landscaping is another aesthetic improvement that goes a long way towards selling your home. The curb appeal of the house is often something that may sway a buyer and increase the desirability of your home, along with its value.


Patchwork can mean anything from re-paving your driveway to fixing cracked ceilings and covering up holes. This kind of fix improves both the quality and the aesthetics of your home.


Although improving the decor of your home may not drive up its sales value, it can make the house look more desirable to the buyer. Putting out some flower arrangements, centerpieces or hanging artwork could improve the look of your home and inspire buyers while you are selling.

The return on investment in some of these changes may not be worth it if you don’t get to reap the benefits. A paint job may suffice if you are planning to sell the house soon, but if you have some time, expanding may be well worth it!

Before You Use One of the Best Home Value Estimator Sites

Keep in mind that these home value estimator sites aren’t 100 percent accurate—they merely serve as a jumping-off point before taking a home to market or considering a loan. Many variables go into estimating a home’s value, and ultimately, real estate values can shift daily. With that being said, a user may want to get estimates from several of the top sites. If a homeowner has recently renovated or remodeled their home, the estimate may not reflect these updates. Therefore, a homeowner will have to use additional tools such as a home improvement calculator to help determine the return on investment (ROI) of their renovations. Keep in mind that not all upgrades will improve the home’s value, and those that do are unlikely to yield a 100 percent return on investment. Another thing to remember is that estimates from home value estimator sites most likely won’t be used to help list a home or refinance it. A more accurate assessment is needed, such as a real estate agent’s comprehensive analysis or an appraisal.


Refinance your existing mortgage to lower your monthly payments, pay off your loan sooner, or access cash for a large purchase. Use our home value estimator to estimate the current value of your home. See our current refinance rates and compare refinance options.

Chase home value estimator: How to use it

1. Visit Chase’s website

Chase’s home value estimator can be found on its main website. Click “home loans” and then the tab “access calculator and tools.”

That brings you to Chase’s calculator and resources page. A link to its home value estimator is found in the bottom left corner of the screen. Click “See a home’s value.” 

2. Enter in your property address

Chase’s property search bar is in the center of the screen. Start typing in the property address, and Google should automatically populate the field with addresses. Select the right address and then click “search.” 

3. View your home’s value

Chase posts a Google Map of your subject property’s location, and your home’s estimated value in the top right corner of the screen. 

Clicking the info tab after “estimated value” brings up a frequently asked questions page, which contains responses to questions such as “how is an estimated home value calculated?” and “where does your data come from?” 

4. Edit your home’s key information

Based on our analysis, Chase likely won’t have the correct information for your home or the comparable properties. But you can manually edit a home’s information for a more accurate value estimate. 

You can edit a home’s beds, baths, total rooms, square footage, and year built. 

You can search our property’s tax records for the most up-to-date information, and then change the info. In the right-hand corner of the screen.

5. View your new home value estimate

Finally, select “update values” to receive your new value estimate and net value created, which appears right above the tab. 

The Advantages of Using One of the Best Home Value Estimator Sites

Home value estimator sites will never be 100 percent accurate. This is because these sites each use various methods to compile their values. But just because they aren’t 100 percent accurate doesn’t mean that they aren’t helpful. For instance, a user may want to know the value of their home before attempting to refinance or sell it without having an appraiser assess it. Appraisals can be very costly, running upward of thousands of dollars depending on the property’s size. So before putting money down, it would be a good idea to see how much the home is worth. Home value estimator sites give a user a ballpark average of a home’s value.

  • The estimate is immediate.
  • A home value estimator is a free tool.
  • Since a home value estimate is free, users can get several estimates and compare them.

About Chase

Chase Bank serves nearly half of U.S. households with a broad range of products. To learn more, visit the Banking Education Center. For questions or concerns, please contact Chase customer service or let us know at Chase complaints and feedback.

How Accurate Is It?

The Redfin Estimate is highly accurate, with a current median error rate of just 2.57% for homes that are for sale, and 7.59% for off market homes. This means that when a home that is currently on the market sells, the Redfin Estimate will be within 2.57% of the sales price half of the time. For off-market homes, the Redfin Estimate will be within 7.59% of the eventual sales price half the time. The Redfin Estimate is more accurate for homes that are for sale because there is more data available about those homes.

As a real estate brokerage, Redfin has complete access to Multiple Listing Services (MLSs), the databases that real estate agents use to list properties. To calculate the Redfin Estimate the algorithm considers hundreds of data points about the market, the neighborhood, and the home itself, like whether it has a water view or is located on a busy street. When all of this data meets the massive computing power of our proprietary machine-learning software and today’s best cloud technology, you get the Redfin Estimate.

How to find your home value estimate

To estimate your home’s value, you can choose to use one or more of the below to compare your options. The following is a list of popular ways to calculate your home value:

  • Online home value calculator
  • Comparative market analysis
  • Hire an appraiser

Online home value calculator

Using an online tool for home appraisals, like a home value calculator, is easy and accessible. If you’re interested in doing your research on your house or prospective home, a Home Value Estimator can help you get started. You simply plug in the address of your home, and it’ll provide you with an estimated value, along with a list of recent sales in the neighborhood and their values.

Comparative Market Analysis

A Comparative Market Analysis (CMA) is how real estate agents assess the value of a home. They usually do this by evaluating other homes that have sold in the area, combined with various online calculators and other home appraisal resources. To obtain a CMA, you can contact a local real estate agent and they’ll usually provide it to you for little to no cost.

Hire an appraiser

Professional home appraisals usually cost anywhere from $200 to $600, depending on the size of the home. Home appraisers are licensed and trained professionals who conduct visual inspections, a comparative market analysis and provide a report at the end detailing everything that went into their appraised value of the home.

3. Eppraisal

This online tool calculates an ‘eppraisal’ – or the estimated market value of your property.  The estimate is generated based on recent sales records of 20 similar properties. In addition, an eppraisal report includes detailed property information, analysis of the surrounding area and comparable properties to make your work easy and understand what price to pitch to sell house.

Eppraisal has a more updated database and is more analytical in nature. However, there are claims that the site usually averages the amount of the 20 sold properties and sometimes, this tool may not be suitable when you are into selling your house using non-traditional methods like: for sale by owner.  Should you decide to sell your home by owner, you listing it at the correct price is crucial to your success.

Market Competition and Your Homes Value

Many factors can affect your home's value, including buyer demand and prices of neighboring homes. The Redfin CompeteScore can give you an idea whether market competition in your area could boost your home's sale price. Or if you're buying, it can indicate how much competition you'll face when you make an offer. Compare Redfin CompeteScores in Raleigh, Philadelphia, Houston, and Sacramento, or check your own neighborhood's score on

Home Lending Customer Service

Go to Chase mortgage services to manage your account. Make a mortgage payment, get info on your escrow, submit an insurance claim, request a payoff quote or sign in to your account. Go to Chase home equity services to manage your home equity account.

How accurate are Chases home value estimates?

ToolError rate

Unlike its peers Redfin and Zillow, Chase does not publish a median error rate, so it’s hard to determine its accuracy compared to peers. 

The national median error rate for off-market homes is 7.67% at Redfin, and 6.9% on Zillow. This means that roughly half of all off-market homes are within 6.9% – 7.67% on these two sites, while half are not. 

That means your home value estimate could be off by tens of thousands of dollars on either site. For example, at a 7% error rate, a $500,000 home may really be worth between $465,000 to $535,000. 

» MORE: Zillow vs. Redfin home value estimator

My homes value went down. What should I do?

While home values across the board have increased, there could be factors beyond the homeowner’s control that can cause prices to decline.

“Local political issues, climate changes, transportation and employment opportunities — or lack of these last two things — can influence home values,” says Gerard Splendore, an associate broker with Warburg Realty in New York City. “Selling may not be a good idea, unless it is apparent that values will continue to decrease.”

If you can wait out a downturn rather than making a rash decision, that may often be best.

“Home property values are typically influenced by the current economic climate, as well as the supply of houses on the market, which will change over time,” Duffy says. “If you can prolong moving, housing prices will eventually start to rebound.”

How can I add value to my home?

You don’t get a second chance to make a first impression, and this bit of wisdom can apply to your home and its value.

“Your property’s curb appeal does make a difference,” Duffy says. “Make your home welcoming and tidy — cut your grass, trim any shrubs and add some new plants or flowers.”

A fresh coat of paint either on the interior or exterior of the house will more than pay you back for the money spent, Duffy adds: “This is one of the most cost-effective ways to improve value.”

A minor bathroom or kitchen update (as opposed to large-scale renovations) can also help improve your home’s resale value. You can simply replace an outdated sink, old tiles or dated light fixtures to give these spaces a refresh.

“It also pays to install a new garage door,” Duffy says. “Some reports estimate a new garage door can increase home values by 4 percent — great curb appeal does matter.”

Tracking Your Homes Value

We’ve watched home values go up most of our lifetimes. Rising home prices have a significant effect on our wealth, and ability to borrow. Even if you don’t plan to sell your home, watching your home’s value increase over time can be a lot of fun.

Many people have used their home equity smartly to consolidate personal debt or to invest in building a business from their home. While it’s important to always understand your asset values, try not to get attached to the ups and downs too much.

Remember, these websites and others let you watch your home’s value grow aren’t exact, and the only time you’ll get a true answer to the question “how much is my home worth?” will be when you go to sell or borrow against the home.

If you want “the real thing” – as in, a price that reflects every factor that goes into a home’s sales price – you should meet with at least 2 or 3 realtors or mortgage lenders to get price suggestions.

Chances are, a realtor will be able to offer more insight into your local market than any online real estate tool ever could.

You’re now leaving Chase

Chase’s website and/or mobile terms, privacy and security policies don’t apply to the site or app you’re about to visit. Please review its terms, privacy and security policies to see how they apply to you. Chase isn’t responsible for (and doesn’t provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the Chase name.