How do I calculate the value of my house?

5 ways to find out what your house is worth

  1. Enter your address into a home value estimator.
  2. Ask a real estate agent for a free comparative market analysis.
  3. Check your county or municipal auditor’s website.
  4. Identify trends with the FHFA House Price Index calculator.
  5. Hire a professional appraiser.

How accurate is Zillow home value?

The tool has an accuracy of about 80% in all areas. This is because there are no specific variances to throw it off. However, in some home value estimate cases (especially in older neighborhoods), the Zillow estimate won’t be close at all.

What is the best site for home values?

If you’re interested in watching your home’s value, here are websites that make this hobby easy and fun:

  1. Zillow. Zillow is one of the biggest — and most popular — websites for monitoring your home’s value.
  2. Trulia.
  3. Redfin.
  4. Realtor.com.
  5. Real Estate ABC.
  6. Eppraisal.com.
  7. HomeGain.com.
  8. Chase Mortgage Services.

What makes property value increase?

Supply and demand If demand exceeds supply in a given market, property prices will increase. This is because there are more people in the market for a smaller number of properties and the competition to secure a home drives prices up.

Is realtor or Zillow more accurate?

The Zestimate is often less accurate than your Realtor’s estimate and can be thousands of dollars off. According to Zillow’s Zestimate page, “The nationwide median error rate for the Zestimate for on-market homes is 1.9%, while the Zestimate for off-market homes has a median error rate of 7.5%.

Does a messy house affect an appraisal?

“Generally speaking, a messy house with scattered clothes, toys or belongings does not affect an appraisal. Appraisers are professionals that have been trained to look past the clutter and assess the true value of the property,” explains Albert Lee, Founder of Home Living Lab.