Oodle.com has a neat service which provides you with the average monthly rent for studios, 1 bedroom, 2 bedrooms, and 3 bedrooms.
” The Oodle Price Distribution graph provides real-time inventory and price information.”
My guess is that Oodle.com holds the largest number of rentals than any other site so this pricing information is probably pretty accurate.
If you are not familiar with the Oodle site, Oodle is what I would call a scraper site. They basically scrape other sites like my main competitors and then place the rentals on their site.
So if you are trying to find out if you priced your rental in the same ball park as others in your city, you can try out this free service.
If you do try it your city, let me know if you think it is pretty accurate.
[tags]Oodle.com, average rental[/tags]
Related Articles
2 users responded in this post
Dave,
Because they gather from so many sources, the numbers are a skewed. Because I list my homes all over the web, it picks up my homes for lease multiple times. They have 37 listed for one zip code and 8 of those is for just one of my homes listed. My other homes within that area are listed multiple times as well - another couple of homes 5 times. Looking at this one zip code instead of 37 listings there are really only 20 different homes that I can see available. Maybe in other areas where someone is not listing on so many different sites, like I am, the numbers are more accurate.
It also is a great place for me to see where owners that have decided to lease their property without a property manager but have inquired about my services are using “Lease a Home” or some variation of it. Isn’t copying a form of flattery, so I must be doing something right
Wendy
Wendy,
Those are good comments how the Oodle data can be inaccurate.
I hadn’t thought of that possibility. Thanks for sharing.
Dave
Leave A Reply