Zilpy – Lots of Market Facts and Trends Related to Local Rental Markets

Though you might have seen Zilpy’s BETA site sometime over the past month (they’ve been writing on an AR blog the past couple weeks), Zilpy “officially” launched today with a press release. According to their site, Zilpy is a free online rental market facts and analysis service dedicated to help you make better rental and investment decisions.

I just did a search for “Seattle, WA” and found their Seattle page — wow, there is a lot of useful data relating to the local rental market! Based on the short amount of time I devoted to exploring the site, I think my favorite part of the site is the Rent Snapshot module in the upper left of the page. It is a helpful data point to know the average rent, average square footage, and number of rentals broken down by size of the unit (studio, 1 bedroom, 2 bedrooms, etc), and also to see the price trend over the past year.

I’m guessing this is just the beginning of what they are planning on building — for instance, there are currently no details of finding actual properties for rent is difficult at the moment. I think they have a long way to go to catch Hotpads in the rental market, but it seems they are off to a good start.