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 considers comparable properties in the zip code, location, and property features.

2. How Does the Calculator Work?

The calculator estimates rent based on:

Where:

• Comparable Properties — Recent rental prices of similar properties in the area
• Location — Geographic coordinates and neighborhood data
• Features — Bedrooms, property type, square footage, amenities

Note: This calculator provides an estimate only. Actual Zillow Rent Zestimate would use more sophisticated modeling.

3. Importance of Rent Estimation

Details: Accurate rent estimation helps landlords price competitively and helps renters evaluate fair market value when searching for properties.

4. Using the Calculator

Tips: Enter a valid 5-digit US zip code, select number of bedrooms and property type. More accurate results come from more specific inputs.

5. Frequently Asked Questions (FAQ)

Q1: How accurate is the Rent Zestimate?
A: Zillow reports a median error rate of about 2.4% for on-market homes, but accuracy varies by market and data availability.

Q2: What factors most affect rental prices?
A: Location (zip code/neighborhood), square footage, number of bedrooms/bathrooms, and property condition are key factors.

Q3: How often is the Rent Zestimate updated?
A: Zillow updates estimates daily as new data becomes available, but individual properties may not change frequently.

Q4: Can I get a Rent Zestimate for any property?
A: Most residential properties in Zillow's database have estimates, but coverage isn't universal, especially for very unique properties.

Q5: Why does my estimate seem too high/low?
A: The algorithm may not account for recent renovations, unique features, or local market conditions not reflected in the data.