1. What is Rent Zestimate?

The Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula that incorporates comparable properties, location, and home features. It provides a starting point for determining appropriate rental prices.

2. How Does the Calculator Work?

The calculator estimates based on:

Where:

• Comparable Properties — Recent rental prices of similar properties in the area (USD)
• Location — Geographic coordinates (latitude/longitude)
• Features — Bedrooms, bathrooms, square footage, and other property characteristics

Note: The actual Zillow algorithm is proprietary and considers many additional factors not shown here.

3. Importance of Rent Estimation

Details: Accurate rent estimation helps landlords price competitively and helps renters evaluate fair market prices. It's essential for financial planning and market analysis.

4. Using the Calculator

Tips: Enter comparable rental prices in USD, precise location coordinates, and accurate property features. More comparable data improves accuracy.

5. Frequently Asked Questions (FAQ)

Q1: How accurate is Rent Zestimate?
A: Accuracy varies by market. In areas with many recent rentals, it's typically within 10% of actual rent.

Q2: What factors affect Rent Zestimate most?
A: Location, square footage, and bedroom count have the largest impact, followed by local market trends.

Q3: How often is Rent Zestimate updated?
A: Zillow updates estimates as new data becomes available, typically when properties are listed or rented.

Q4: Can I challenge my Rent Zestimate?
A: Owners can update home facts on Zillow which may affect the estimate, but the algorithm itself can't be adjusted.

Q5: Does this include utilities or other fees?
A: No, Rent Zestimate reflects base rent only, excluding utilities, parking, or other additional fees.