If you are a fan of Zillow’s Zestimates, you may be interested in Zillow’s newest offering “Rent Zestimates”. Launching today, Zillow’s Rent Zestimates answers the question “What will it rent for?”
From Zillow’s press release…
"Rent Zestimates," a one-of-a-kind tool that can be used as a starting point for determining a home or apartment’s estimated monthly rent price. The launch expands on Zillow’s popular Zestimate® home valuations and empowers renters and landlords with estimated rent prices for more than 90 million homes and apartments across the country.
Rent Zestimates are also a valuable tool for landlords. Information is especially hard to come by for "accidental landlords," who represent one-fourth of respondents who are homeowners intending to move in the next three years and who are considering renting out their home…Consumers can find Rent Zestimates on map searches and individual home detail pages on Zillow.com® and all Zillow mobile applications, including iPhone, iPad and Android apps.
For those readers who are currently renting, give it a whirl and let us know if Zillow’s Rent Zestimate is in line with what you are paying?