Updated about 2 years ago on . Most recent reply
How to Determine Fair Market Rent
My fiancée and I purchased a small starter home (2 Bed-2 Bath New Construction) approximately a year ago using an FHA loan. We are wanting to upgrade into a larger home and are trying to decide if renting our first home is feasible or not. I am having a hard time determining what our market would allow us to ask for rent. I would appreciate any advice on figuring out what we could charge for rent so that we can decide if selling or renting is our best option.
Most Popular Reply
Zillow Rental Manager has a good tool---https://www.zillow.com/rental-manager/price-my-rental/; you can try rentometer--https://www.rentometer.com/, too!
Those can give you a good starting point.