Home Value Estimator: How Much Is Your Home Worth?

How Much Is My House Worth?

Curious about your home’s current value? Use the home value estimator below to get a quick and accurate estimate based on local market data.

Why Use a Home Value Estimator?

Knowing your home’s current market value is more than just satisfying curiosity—it’s a powerful tool for financial planning. 

If you’re preparing to sell your house, a home value estimate helps you set a competitive asking price and attract the right buyers. For homeowners considering refinancing, an accurate valuation can improve their chances of securing better loan terms or interest rates. It’s also key if you’re looking to access your home equity through a HELOC or cash-out refinance, as lenders rely on updated property values to determine eligibility.

Beyond major transactions, understanding your home’s worth can help with property tax planning, insurance coverage adjustments, and long-term investment decisions. Even if you’re not moving anytime soon, keeping track of your home’s value helps you stay informed about your financial standing and the overall health of your local real estate market.

Key Factors That Impact Your Home’s Value

Several elements influence your home’s market value. Here’s what appraisers, agents, and buyers look at:

• Location: Proximity to good schools, public transit, shopping, and neighborhood desirability all play a big role in value.
• Square footage: The total livable space often impacts the price buyers are willing to pay.
• Number of bedrooms/bathrooms: More functional space generally means higher value.
• Lot size: A larger lot can boost your property’s appeal, especially in suburban and rural areas.
• Upgrades and renovations: Modern features, updated kitchens and baths, or energy-efficient systems can significantly increase value.
• Neighborhood comparables (comps): What nearby homes have sold for recently is a key benchmark when you’re preparing to sell your house.
• Recent sales: Market trends and timing matter—recent nearby sales give insight into what buyers are currently willing to pay.

Other Ways to Estimate Home Value

While online estimators are a great starting point, they rely on public data and algorithms that may not capture the full picture of your property. To get a more accurate or personalized assessment, especially in a fast-changing housing market, it helps to explore additional methods:

• Hire a professional appraiser: A licensed appraiser conducts an in-depth evaluation of your home, factoring in its condition, location, size, improvements, and comparable sales. Their report is considered highly reliable and is often required for refinancing, home equity loans, or during the home-buying process. An appraisal gives you a fair market value based on objective analysis, not just automated data.
• Ask a real estate agent for a comparative market analysis (CMA): Real estate professionals use their local expertise and access to the Multiple Listing Service (MLS) to create a CMA. This report compares your property to recently sold homes with similar features in your area. A CMA offers a more current and nuanced look at how your home stacks up in the local housing market, helping you price it effectively if you’re planning to sell.
• Use multiple online calculators: No single estimator is perfect, so it’s smart to use a few different platforms and compare their results. Look for patterns: if several tools give a similar range, you can feel more confident in the estimate. Using a mix of calculators also helps you better understand how local trends, recent sales, and market shifts are influencing values in your neighborhood.

By combining these methods, you’ll gain a clearer, more informed picture of your home’s worth—an essential step whether you’re preparing to sell, refinance, or tap into your home equity.

How to Tap Into Your Home’s Value

If you’ve built up equity in your home, there are several flexible loan options available to help you turn that value into cash or credit. Whether you’re planning a renovation, paying off debt, or funding a major life event, these financial tools can help you put your home’s value to work:

• Cash-out refinance: A cash-out refinance replaces your existing mortgage with a new one for more than what you currently owe. The difference between your new loan amount and your remaining mortgage balance is paid to you in cash. This option is popular for funding home improvements, consolidating high-interest debt, or covering large expenses. You’ll have one monthly payment and may even benefit from a lower interest rate if market conditions are favorable.
• Home equity loan: Often referred to as a second mortgage, a home equity loan provides a one-time lump sum based on the amount of equity you’ve built in your home. It typically comes with a fixed interest rate and a fixed repayment term, making it easier to budget consistent monthly payments. It’s a good option for homeowners who need a set amount of money for predictable expenses, like a kitchen remodel or education costs.
• Home equity line of credit (HELOC): A HELOC functions like a credit card tied to your home’s equity. It allows you to draw funds as needed up to a set credit limit, usually during a draw period of 5–10 years. Traditional HELOCs often have variable interest rates, which means your monthly payment can change over time. For more predictable budgeting, consider a fixed-rate HELOC, which lets you lock in a stable interest rate on some or all of your borrowed amount. HELOCs are ideal for ongoing or uncertain expenses, like phased home upgrades or emergency reserves.
• Reverse mortgage: Available to homeowners aged 62 or older, a reverse mortgage allows you to convert part of your home equity into cash without having to sell your house or make monthly mortgage payments. Instead, the loan is repaid when you move out, sell the home, or pass away. Reverse mortgages can provide supplemental income in retirement, help cover medical bills, or reduce financial strain for older homeowners living on a fixed income.

Try Our Free Home Value Estimator

Ready to find out what your home is worth? Try Griffin Funding’s free Home Value Estimator for a fast, reliable snapshot of your property’s current market value. Whether you’re planning to sell, refinance, or tap into your home equity, having an accurate estimate is the first step toward making informed financial decisions.

At Griffin Funding, we’re here to support you through every stage of homeownership. Our expert team can help you evaluate your options and guide you through processes like cash-out refinancing, home equity loans, and more. As an added bonus, the Griffin Gold app can help you track your home’s value over time, monitor changes in the housing market, and explore personalized financing solutions—all from your phone.

Don’t leave your biggest asset up to guesswork. Get started today with Griffin Funding’s free tools and expert guidance to make the most of your home’s value.

Bill Lyons is the Founder, CEO & President of Griffin Funding. Founded in 2013, Griffin Funding is a national boutique mortgage lender focusing on delivering 5-star service to its clients. Mr. Lyons has 24 years of experience in the mortgage business. Lyons is seen as an industry leader and expert in real estate finance. Lyons has been featured in Forbes, Inc., Wall Street Journal, HousingWire, and more. As a member of the Mortgage Bankers Association, Lyons is able to keep up with important changes in the industry to deliver the most value to Griffin's clients. Under Lyons' leadership, Griffin Funding has made the Inc. 5000 fastest-growing companies list five times in its 12 years in business.