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 rental managers price properties competitively.

2. How Does the Calculator Work?

The calculator estimates rent using:

Where:

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

Note: The actual Zillow algorithm is proprietary. This calculator provides a simplified estimation.

3. Importance of Rent Estimation

Details: Accurate rent estimation helps property owners maximize income while remaining competitive, reduces vacancy periods, and attracts qualified tenants.

4. Using the Calculator

Tips: Enter comparable rental prices in USD, precise location coordinates, and accurate property features 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 homes, but accuracy varies by location and data availability.

Q2: How often is the Rent Zestimate updated?
A: Zillow updates the Rent Zestimate daily based on new market data and listings.

Q3: Can I dispute the Rent Zestimate?
A: Yes, property owners can submit updates about their home's features to potentially adjust the estimate.

Q4: What factors most influence the Rent Zestimate?
A: Location, square footage, bedroom/bathroom count, and recent comparable rentals have the biggest impact.

Q5: Does Zillow use this for their rental manager tool?
A: Yes, the Rent Zestimate powers Zillow's rental manager pricing recommendations.