1. What is the Rent Zestimate?

The Rent Zestimate is Zillow's estimated monthly rental price for a property, 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 simulates Zillow's proprietary algorithm:

Where:

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

Note: The actual Zillow algorithm is proprietary and more complex than this simulation.

3. Importance of Rent Estimation

Details: Accurate rent estimation helps landlords price competitively and helps renters evaluate fair market value. The Zestimate provides a data-driven starting point for rental negotiations.

4. Using the Calculator

Tips: Enter comparable rental prices in USD, precise location coordinates, and accurate property features. More accurate inputs yield better estimates.

5. Frequently Asked Questions (FAQ)

Q1: How accurate is the Rent Zestimate?
A: Zillow reports a median error rate of about 6-7% for on-market homes, but accuracy varies by location and data availability.

Q2: What factors most affect the Rent Zestimate?
A: Location, square footage, bedroom/bathroom count, and recent comparable rentals have the biggest impact.

Q3: How often is the Rent Zestimate updated?
A: Zillow updates estimates daily as new data becomes available, but major updates occur when a home is listed.

Q4: Can I dispute a Rent Zestimate?
A: Yes, property owners can submit updates through Zillow's website if they believe the estimate is inaccurate.

Q5: Does Zillow use this estimate for their own rentals?
A: Zillow uses more detailed pricing models for their own rental properties, beyond the public Zestimate.