1. What is the 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 helps landlords determine appropriate rental prices.

2. How Does the Calculator Work?

The calculator estimates rent based on:

Where:

• Comparable Properties — Recent rental prices of similar properties in the area (USD)
• Location — Geographic coordinates of the property
• Features — Property characteristics like bedrooms and bathrooms

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, maximize returns, and minimize vacancy periods while attracting qualified tenants.

4. Using the Calculator

Tips: Enter comparable rental prices in USD, precise location coordinates, and accurate property features. Research recent comparable rentals for best results.

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 rentals, but accuracy varies by market and data availability.

Q2: What factors affect the Rent Zestimate most?
A: Location, square footage, bedrooms/bathrooms, and local market trends have the greatest impact.

Q3: How often is the Rent Zestimate updated?
A: Zillow updates estimates daily as new data becomes available, but major revisions occur when property details change.

Q4: Can I dispute my Rent Zestimate?
A: Yes, property owners can submit updates through Zillow's website if information is inaccurate.

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