Zillow Rental Estimate Formula:
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The Zillow Rental Estimate (Rent Zestimate) is Zillow's estimated monthly rental price for a specific property, computed using a proprietary formula that analyzes comparable properties and home features.
The calculator estimates rent based on:
Where:
Details: Rental estimates help landlords price competitively, help tenants evaluate fair market rent, and assist investors in analyzing potential rental income.
Tips: Enter the complete address, number of bedrooms and bathrooms, accurate square footage, and select the correct property type for best results.
Q1: How accurate is the Rent Zestimate?
A: Accuracy varies by market. In areas with many recent rentals, estimates are typically within 10-20% of actual rent.
Q2: What factors affect the estimate most?
A: Location, square footage, and bedroom count typically have the largest impact on rental estimates.
Q3: How often is the Rent Zestimate updated?
A: Zillow updates estimates daily as new market data becomes available.
Q4: Can I dispute the Rent Zestimate?
A: Yes, property owners can submit updates if they believe the estimate is inaccurate.
Q5: Does this include utilities or other fees?
A: No, the Rent Zestimate reflects base rent only, excluding utilities, parking, or other fees.