How Much Will My Home Rent For? 6 Ways to Calculate a Fair Rent Price
You’ve debated whether to put your house up for sale or rent it out. You’ve analyzed the market, done your research, and, after lengthy consideration, you’ve finally decided to hold on to your house and generate rental income. But at this point, you’re wondering: “How much can I rent my house for?”
Landing on a fair market value for your rental property can be a big challenge, especially if you haven’t rented or set a rental price before. You don’t want to leave money on the table, but you also don’t want your rental sitting vacant because you’re charging too much.
There’s no one-size-fits-all answer to setting your rent price, but there are ways to make it easier to determine the right price. With the help of HomeLight’s top agent surveys, market data, and insights from expert real estate professionals, we’ve gathered six ways to calculate how much your home will rent for.
