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Zillow adds Zestimate for rents


               
2011 Mar 10, 11:04am   5,180 views  14 comments

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1   toothfairy   2011 Mar 10, 10:17pm  

not sure what the source of the data is the number is about $600 less than my last tenant was paying.

2   sfbubblebuyer   2011 Mar 11, 5:45am  

They're trying to beat Patrick at his own game!

3   FNWGMOBDVZXDNW   2011 Mar 11, 7:45am  

I drove around Maryland and DC today switching back and forth between hot pads, zillow, and real life. Neither has more than 50% or so of the available apartments. Hot pads had more places than zillow. I found that the rents were about right, although I didn't check up on that many. The two had different data sources. Neither one was a good substitute for driving around in an area you want to rent.

Redfin has to get off their incredibly lazy asses and make a droid app. Considering how much money they are making off of google maps, they ought to be on top of this.

4   permanent_marker   2011 Mar 11, 2:40pm  

YesYNot says

Redfin has to get off their incredibly lazy asses and make a droid app. Considering how much money they are making off of google maps, they ought to be on top of this.

Amen to that... I am waiting for the Droid app too!

5   Mark_LA   2011 Mar 11, 3:25pm  

permanent_marker says

YesYNot says

Redfin has to get off their incredibly lazy asses and make a droid app. Considering how much money they are making off of google maps, they ought to be on top of this.

Amen to that… I am waiting for the Droid app too!

It's on hold due to lack of resources. They're hiring developers, but at this point don't have enough resources to handle all the enhancements to their website and the iphone app and a brand new Android app as well. That's what they posted on their forums a couple of weeks ago.

6   kimtitu   2011 Mar 11, 3:47pm  

Anyone has any opinion if Zillow's Zestimate for a property or rent is close to real value? I see quite many Zestimates are way off. Even two similar houses with similar features such as square footage, lot size and features in very close proximity, the Zestimate values are very different.

7   PeterNorth   2011 Mar 12, 3:28pm  

The rents look very accurate to me. Mine is about $25 too high but all in all I'm quite impressed. My last rental is also within $50.

8   rob918   2011 Mar 13, 12:37am  

I plugged in a few of my properties in Pasadena, CA and Glendale, CA and they are within $5.00 of what the current tenants are paying. Another is within $27.00 so they look pretty acurate from what I can see.

9   toothfairy   2011 Mar 13, 12:57am  

maybe you guys aren't charging enough in rent. Like I said my last two tenants were paying $600 more than the Zrentestimate.
But this is sort of an upscale area with not much rental inventory so people pay what they can afford.
It's still cheaper than buying.

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