US Home Valuation Calculator
Estimate US home market value using hedonic pricing model with square footage, bedrooms, bathrooms, age, and location adjustments. Screening tool for real estate transactions and investment analysis.
Formula
Price = (SqFt × Base Price) × (1 + Location%) × (1 + Condition%) × (1 - Age Depreciation)
- Age depreciation ~1% per year minimum 70%
- Location: -50% poor to +200% premium area
Suburban NJ Home
Inputs
- Square Footage: 2100 sqft
- Base Price per SqFt ($): 280 $/sqft
- Home Age (years): 15 years
- Location Adjustment (%): 12 %
- Condition Adjustment (% -30 to +15): 0 %
2,100 sqft @ $280 + 12% location + good condition - 15yr depreciation = ~$605K.
Frequently asked questions
Is this accurate?
Screening tool only. Use comparable sales or appraisal for definitive value.