ATTOM’s new Rental AVM (Automated Valuation Model) delivers automated rental estimates, arming real estate professionals with reliable values to make better decisions
ATTOM, a leading curator of real estate data nationwide for land and property data, is pleased to announce it has added yet another new data product to the ever-expanding ATTOM Table of Data Elements – the ATTOM Rental AVM (Automated Valuation Model). This new solution, built from the foundation of the company’s nationwide property database, provides rent estimates for over 72 million single-family residences nationwide.
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ATTOM’s new Rental AVM solution delivers automated rental estimates on a monthly basis, arming real estate professionals with reliable values to help them make better decisions for their business and their clients. The ATTOM Rental AVM leverages the company’s nationwide property database and best-in-class geospatial layers to group and localize the value of similar properties within the same neighborhood. ATTOM tests its rental estimates using proven statistical techniques and by comparing to over one million nationwide active rental listings.
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“Whether you’re a real estate investor looking to evaluate potential profits and returns on investment, understand the viability of a new investment property, operate a real estate platform in need of enhanced content and SEO, or a mortgage professional tasked with the verification process for investment l****, our Rental AVM solution provides an accurate estimate to help analyze and identify trends in specific geographic areas and markets,” said Todd Teta, chief product and technology officer at ATTOM. “This new data product further delivers on our core mission to provide real estate stakeholders with information that increases real estate transparency and improves decision making. ”
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