Home value estimator
Understand your home’s value
Whether you’re buying or selling, a home value estimate gives you insight into what you could gain financially and helps you form a strategy for moving forward.
Use the tool
Simply enter your street address, city, and state or just your ZIP Code and we’ll calculate our best home value estimate using millions of home records in our database.
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Start your preapproval online and one of our Home Lending Advisors will follow up with you.
DISCLAIMER: ANY INFORMATION YOU SUBMIT ON THIS FORM IS BEING SUBMITTED TO DOWN PAYMENT RESOURCE AND NOT CHASE BANK. THE DATA AND VALUATIONS ARE PROVIDED AS IS WITHOUT WARRANTY OR GUARANTEE OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. THE EXISTENCE OF THE SUBJECT PROPERTY AND THE ACCURACY OF THE VALUATIONS ARE ESTIMATED BASED ON AVAILABLE DATA AND DO NOT CONSTITUTE AN APPRAISAL OF THE SUBJECT PROPERTY AND SHOULD NOT BE RELIED UPON IN LIEU OF UNDERWRITING OR AN APPRAISAL.
Home Value Estimator information
How to estimate home value
There are a few ways to estimate the value of your home:
An online home value estimator
Using online tools like the Chase Home Value Estimator can help to provide an estimated value for your home based on data about the home and recent sales in the area.
Comparative market analysis (CMA)
Real estate professionals often conduct CMAs to assess the value of a home. To obtain a CMA, consider reaching out to a local real estate agent. Many agents offer CMAs at little or no cost.
Hire an appraiser
For a more in-depth and personalized approach, it may be worth considering a professional appraiser. Home appraisers are trained professionals who conduct appraisals and CMAs, providing a detailed report explaining their valuation of the home.
Using the Chase Home Value Estimator for a property value estimate
By entering an address and clicking the search button, Chase’s Home Value Estimator taps into millions of home records in its database to provide an estimate of your current or prospective home’s value. The estimator can often show the year your home was built and its square footage. You can adjust the home’s variables to see how they impact the estimate. A homebuyer might use the estimator to compare the home to other properties they’re considering or to help weigh the seller’s asking price. Similarly, a homeowner might use the calculator’s home value estimate to gauge the current market value of their property.
How much is my home worth?
For many homeowners, especially those actively looking to sell, this is the million-dollar question (so to speak). Home value is based on several key factors, some of which may change over time:
- Housing market: Current market conditions tend to significantly affect your home’s value. In a seller’s market, where there are more buyers than sellers, your home’s value is likely to go up due to increased demand and limited supply. Conversely, in a buyer’s market, where there are more homes than buyers, your home value may decrease.
- Location: Location plays a major role in determining your home’s value. Proximity to good schools, public transportation, shopping centers and desirable locales like beaches, mountains or places with a robust job market could all help contribute to a higher home value.
- Age and condition: The age and overall condition of your home plays a role in its value. An older, outdated home might be valued less than a new or updated one, depending on buyer preferences.
- Size: While location is key, acreage, number of bedrooms and bathrooms, square footage and number of garages can all impact your home’s value.
- Similar homes: The price of comparable homes in your neighborhood, also known as "comps," can potentially influence your property value as well.
Home value estimator FAQs
To find the historical value of your home, you may be able to use online real estate databases that provide a history of sale prices for specific properties. You could also consider consulting a local real estate agent with access to Multiple Listing Service (MLS) data. Some county property tax records, which are usually public, might also provide some information on past property assessments.
The Chase Home Value Estimator provides an estimate based on details entered and available data. Note that, like most online estimators, the Chase Home Value Estimator offers a general estimate. The definitive value of your home is influenced by many factors that may not be accounted for in an online estimate, such as recent renovations or unique features of the property. For a more precise valuation, consider consulting a professional appraiser or real estate agent.
Yes, there are scenarios in which your home value may depreciate. Home value can fluctuate based on many factors, including the age of your home, its current condition, location, market value of nearby homes, the current state of the housing market and more.
One way to increase your home’s value is by making improvements for updates, functionality or aesthetics. For example, replacing an old roof, installing new kitchen appliances, improving energy efficiency or expanding your home’s square footage could all help to add value to your home. Lower-cost changes, like painting or updating light fixtures, may be beneficial to your home’s value, as well.
Refinancing can make sense in various scenarios, but there is no one-size-fits-all. Often, homeowners refinance for a better interest rate, a shorter loan term, a home equity loan or a new type of mortgage. Some homeowners refinance to "cash out" a portion of their home equity and reallocate the funds toward a home improvement project or renovation.
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Be prepared with these essential resources
Now that you have your home estimate, browse our collection of helpful articles and blog posts, use our tools to determine your mortgage payments, review current rates and see how to start your homebuying journey.
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Get answers
See our FAQs for answers to common questions on buying, refinancing and owning a home.