Rental Price Estimator

Research-backed estimation using crime, school, walkability, and market data

Property Details

$
$

Zillow ZORI for this ZIP code

Neighborhood Factors

10 = safest. Elasticity: ±2.5%/point

GreatSchools avg. ±2.5%/point

Car-Dependent

$

Census ACS data

Estimation Methodology

This estimator uses a hedonic pricing model based on research from the National Bureau of Economic Research and institutional AVM methodologies. Adjustments are applied to the base market rent (Zillow ZORI) using empirically-derived elasticities for crime (NBER: -0.15 to -0.35 per 1% crime increase), school quality (GreatSchools: ~2.5% per rating point), walkability (Walk Score: 5-25% tier premiums), property age (0.5-0.9%/year depreciation), and area income. Confidence range is ±8%, reflecting typical AVM accuracy for rental estimates.

Estimated Monthly Rent

$1,617

Range: $1,488 — $1,746

±8% confidence interval

Rent-to-Price

0.66%

Below 1% rule

Gross Yield

7.9%

Annual rent / value

Adjustment Factors

Base Market Rent$1,450
Crime Safety(Score 7/10)+5.0%
School Quality(Rating 6/10)+2.5%
Property Size(1400 sq ft)+6.0%
Bedrooms(3BD/2BA)+6.0%
Property Age(Built 1995 (31yr))-8.0%
Total Adjustment+11.5%
Sources: Zillow ZORI, GreatSchools, Walk Score, Census ACS, CrimeoMeter, NBER research