I discovered this web site over the weekend. I tried it on my own home and it seemed fairly accurate. But obviously you have to be your own judge. It has been going a little while, Zillow when it first launched was inaccurate and it has steadily got better, this might also have improved.
The site is http://www.rentometer.com/, just enter an address and a rental amount and it gives you a range of the lows and highs in the area and the median.
This would seem a useful site for landlords and renters as well. Hope it helps. If it is accurate for your area you may want to post a link on your web site.
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Renee,
Thanks for the feedback, i tried it on my own home, using a rent I know a local home rented for and yes it seemed very accurate. Obviously they have had enough feedback to make it accurate.
Nick
Thank you for this post. This is particularly useful to me as using rent is often an offset to contingent financing. The ways to make a deal non-contingent are as follows:
This tool will in part take the guess work out of the Pre-Approval which would be done prior to the rent schedule.