Zillow Expands Zestimates to Include Rentals
Zillow claims that 70% of movers are renters and few of them do research prior to renting. Therefore, Zillow has now expanded its estimator data to include rents.
“’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.”