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Cover art: AFH Valuation Estimator

For sellers

AFH Valuation Estimator

Know what your AFH is worth before you list. Estimate business and property value using income capitalization.

Photo of David Stein

Why I built this

When an adult family home sells, the real estate and the business are two different things with two different values, and sellers and buyers often blur them together. As an appraiser, separating them is the first thing I do. This tool lets you do the same.

— David Stein, founder of Real Property Planning

AFH Club Calculator

What an Adult Family Home Is Worth

The business by income capitalization, plus the property if it is included

Business financials

Build revenue from market rates

Don't have the P&L? Pick the market, enter how many beds you expect at each care level, and this fills in gross revenue using the per-resident private-pay ranges and the DSHS Medicaid rate for that county. Rates are per resident, per month.

Care levelBedsRate used
Lower / basic care
$5,000 – $7,000 · shared or modest private room, light assistance
$6,000/mo
Typical private pay
$7,000 – $9,500 · private room, moderate assistance
$8,250/mo
Higher care / premium
$9,500 – $12,000 · heavier hands-on care, dementia support, or a premium home
$10,750/mo
High acuity / specialty
$12,000 – $15,000+ · two-person assist, advanced dementia, complex medical needs
$13,500/mo
Medicaid
$4,394 – $8,495 · DSHS King, Pierce, and Snohomish counties rate, lightest to heaviest care
Count only beds with a Medicaid resident today, from the home's payment records. A Medicaid contract alone is not income.
$6,445/mo
6 beds · $49,500/mo at full
$594,000/yr at full · $564,300/yr at 95%

Private-pay ranges are David Stein's working bands from brokerage and appraisal experience (this market reviewed September 2026); Medicaid rates are the DSHS schedule effective July 1, 2026. You can still type your own gross revenue below if you have the actual P&L. See the full rate lookup by city and county.

After expenses, before the owner's salary.

Property (if included)

Leave blank if selling the business only.
Enter the home's annual net income to see an estimated value.
An income-capitalization estimate using Washington AFH market assumptions, for planning only. It is not an appraisal or a broker opinion of value.
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Not sure the estimate is right for this home?

A licensed care home is valued on its real estate and its operation separately, and the two often point in different directions. Ask which one is driving the price you are looking at.

Ask about the valuation

Property questions go to David Stein, the featured broker and appraiser (eXp Realty), independently of Real Property Planning.