How do you figure out how quickly homes sell and rent in a market?

[Alec Jacobs]

Hello everyone.

I have been looking at some homes in my target market, (Beaver/Vanport area specifically), and I was wondering how I could figure out how fast homes rent out and sell in that area. Is there a way to find this data on Zillow or is there a specific website or none of the above?

This is mainly just for my comfort because it would be my first rental property and I would like to know how much of a cushion I would need left from a down payment to cover rent for a bit if needed. Also, if things go really south I would also like to know how long I would typically have to hold on to the home if it was a bad purchase. 

Thanks!

[Jake Andronico]

@Alec Jacobs

Zillow is a powerful tool. There are other websites as well but it's definitely tedious, and the data does not last forever. 

We've been scraping rents from the Northern Nevada area for over a year and have now collected over 14,000 rental comps which is extremely helpful in analysis. 

However, if you look at Rentcast.io you can see the actual rental comps it's using, look them up on Zillow, and hopefully see how quickly they rented. 

Zillow and other data aggregators do not want to give this data out easily :) Best of luck to you!