Rental Pricing Question
I have a new rental in Greenwood, SC, which is not renting. I am concerned it is price.
I could not find much in the way of comps, so I made an educated guess. The 3 bedroom townhouses about a mile away rent for $850-$895, and my friend rented a 4 bedroom older house on this side of town for $1200.
I have a 12 year old 3/2/1 in a good part of town though it is on the main road. The Zillow zestimate is $1018 with the upper range at $1200. The house is well done with laminate wood flooring, large master suite, standard neutral paint.
I listed it at $1095 which includes water, sewer, and trash service. I have received no calls.
My question is how much of a price change should generate qualified tenant calls? Do I need to go $100 dollars or will $50 generate some interest?