Profile picture for user85962971

How does Zillow estimate the rent for a house?

I have been living in a 5-bedroom house for the past 7 years. I took over the lease from friends who lived there for 3 years before I moved in. The landlord hasn't done any work in the house over the past 10 years. Now he is asking for an increase without doing anything and he wants to put the house in market to see if there is any demand for it for higher than what we pay. Zillow estimates is lower by $200 then what he is asking for. How does Zillow estimate the rent?
  • May 25 2012 - Mountain View
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (2)

Profile picture for aracz
Perhaps check out some rentals from the same area on the online classified sites and divide rental price into sq. footage and then make adjustments for condition, location, schools, etc. to have an idea of the local average.

All the best,

Arpad


  • August 02 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Here is Zillow's public explanation on how they get their rental zestimates. http://www.zillow.com/wikipages/What-is-a-Rent-Zestimate/ 
This is a link with a lot of real estate professional's opinions about the accuracy of Zillow's rental zestimates.  http://www.zillow.com/advice-thread/Announcing-Zillow-Rent-Zestimates/390073/
Make of it what you will. In my area actual rental prices generally average a little lower than what is estimated on this website, depending on the quality of the home.

My advice to you would be to look at some homes online at various rental websites that compare to yours in the same general area. If the owner is being too unreasonable with price and you can get something else a lot cheaper that you like then it may be worth it to just move.
  • May 25 2012
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.