Applying a function to values in dict

d2 = dict((k, f(v)) for k,v in d.items())

If you're using Python 2.7 or 3.x:

d2 = {k: f(v) for k, v in d1.items()}

Which is equivalent to:

d2 = {}
for k, v in d1.items():
    d2[k] = f(v)

Otherwise:

d2 = dict((k, f(v)) for k, v in d1.items())

You could use map:

d2 = dict(d, map(f, d.values()))

If you don't mind using an extension. You can also use valmap in the toolz library which is functionally equivalent to using the map solution:

from toolz.dicttoolz import valmap

d2 = valmap(f, d)

If not for the clean presentation of the method, you also have the option of supplying a default return class as well, for people that need something other than a dict.