Zillow Estimates - How accurate are they?
These days a lot of people spend time thinking about the value of their home.
Zillow provides homeowners with a statistical margin of error for each county in the nation. For Lane County, their Zestimated Median Margin of Error is 8.2%.
Since Zillow is such an easy to use home valuation resource for owners, most owners would be wise to take advantage of their Create Your Own Estimate toolset to improve upon the accuracy of those Zillow estimates. Owners can make recommendations based on home improvements and different comparable homes.
While Zillow is still a young organization, and their estimates are imperfect, they are following data that appraisers have been using for years, albeit with a much wider margin of error.
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