1. What is Rent Zestimate?

The Rent Zestimate is Zillow's estimated monthly rental price for a property, computed using a proprietary formula that incorporates home facts, location, and market conditions.

2. How Does the Calculator Work?

The calculator estimates rental value based on:

Where:

• Comparable Properties — Recent rental prices of similar properties
• Location — Geographic coordinates and neighborhood data
• Features — Bedrooms, bathrooms, square footage, and amenities

Note: This calculator provides a simplified estimate. Zillow's actual algorithm considers hundreds of data points.

3. Importance of Rental Estimates

Details: Rental estimates help landlords price competitively, tenants evaluate fair market rent, and investors analyze potential returns.

4. Using the Calculator

Tips: For best results, provide complete and accurate property details. The estimate will be more precise for properties in areas with many comparable rentals.

5. Frequently Asked Questions (FAQ)

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

Q2: What factors most affect rental value?
A: Location, square footage, bedroom/bathroom count, and local market conditions have the biggest impact.

Q3: How often is Rent Zestimate updated?
A: Zillow updates estimates daily as new data becomes available.

Q4: Can I get a Rent Zestimate for any property?
A: Most residential properties in Zillow's database have estimates, but coverage varies by region.

Q5: How does this differ from Zillow's home value estimate?
A: The Rent Zestimate predicts rental prices, while the Zestimate predicts sale prices - they serve different purposes.