How accurate is the Locality Valuation Estimator?
Locality Valuation Estimator is a free estimator on RealtyIQ that estimate fair value of a property based on locality psf trends and amenities. The math is exact; the result is as accurate as your inputs. The tool documents every assumption it makes, so you can see exactly where reality might differ from the model.
Calculator accuracy has two parts: the formula (which is deterministic and verifiable) and the assumptions (which approximate your situation). RealtyIQ calculators keep both visible - the breakdown shows the computation, and the assumptions are listed rather than buried.
For high-stakes decisions, run the calculator with pessimistic and optimistic inputs and treat the band, not the point estimate, as the answer.
- Formula
- Deterministic, shown in breakdown
This answer is part of RealtyIQ's calculator FAQ series — formula walkthroughs and assumptions behind the 22 free tools. Every figure on this page is composed from the live listing database or the West Bengal rate sheet that powers the free calculator suite, and it is refreshed when the underlying data changes. If a number here disagrees with a brochure, trust the listing — brochures are marketing, listings are RERA-linked data.