Are you interested in learning about the cost of creating an app like Zillow? App development doesn’t seem easy, does it? But with detailed guidance, from identifying the need for such an app to formulating an effective monetization strategy, you can achieve it all.
Creating an app requires investment, and you might be wondering how much it costs to develop an app like Zillow. The average cost of developing a real estate app like Zillow can range from $15,000 to $90,000. However, before delving into the costs, it’s crucial to identify the features and factors that can impact your cost estimation.
In this comprehensive guide, we will explore the various aspects involved in developing an app like Zillow, including market statistics, top features, requirements, factors influencing costs, and more.
Zillow: The Most Popular Real Estate App
Zillow is a renowned real estate app in America, offering a range of services such as buying, selling, renting, and financing properties. What sets Zillow apart is its comprehensive appr
oach, catering not only to home buyers and sellers but also to renters and borrowers.
Market Statistics
Before delving into the development process, let’s take a look at some market statistics to understand the current landscape of the real estate app industry:
- The U.S. real estate market is projected to reach a value of $119.80 trillion by the end of 2024.
- By 2028, the value of the real estate market is expected to surpass $142.88 billion.
Real Estate App And Web Statistics
- Zillow received approximately 60 million visits, making it the most visited real estate app, followed by Realtor and Trulia.
- Around 80% of individuals under the age of 42 prefer using mobile or tablet apps to find homes and commercial properties.
- Proptech investment reached USD 3 billion in 2021, indicating significant growth and investment in the real estate tech sector.
Top Features Of Apps like Zillow
To develop an app like Zillow, it’s essential to understand the key features that contribute to its success. Here are some top features:
Property Listings
Zillow aggregates listings from multiple sources, providing users with an extensive database of homes for sale or rent.
Search Filters
Users can refine their property search based on criteria such as location, price, size, and amenities.
Property Details
Zillow offers comprehensive information about each listing, including photos, descriptions, floor plans, and virtual tours.
Zestimate
Zillow’s proprietary algorithm estimates the market value of properties, helping users gauge their affordability.
Mortgage Calculator
Users can calculate mortgage payments based on loan amount, interest rate, and term, facilitating informed decision-making.
User Accounts
Zillow allows users to create accounts to save favorite listings, receive alerts, and track their homebuying journey.
Several Reasons to Consider Developing An App Like Zillow
- Enhanced User Experience: A well-built real estate app enhances user experience by providing intuitive navigation and high-quality visuals.
- Awareness About Properties: Instant notifications and updates help spread awareness about properties, informing users about new listings and price changes.
- Promotes Paperless Transactions: Mobile apps promote sustainability by facilitating paperless transactions and digital payments.
- Improves Customer Relationship Management: Apps provide direct communication channels between businesses and customers, enhancing customer relationship management.
- Integration With Different Devices: Integration with various devices ensures accessibility and convenience for users across different platforms.
- Utilization of Advanced Technology: Incorporating advanced technologies like virtual reality and augmented reality offers an immersive property experience for users.
Cost Estimation For Developing An App Like Zillow
| Development Factors | Estimated Cost |
| Research and Planning | $1,500 – $5,000 |
| Design | $3,000 – $15,000 |
| Frontend Development | $6,000 – $30,000 |
| Backend Development | $6,000 – $30,000 |
| Features and Functionality | $5,000 – $25,000 |
| Testing and Quality Assurance | $2,000 – $10,000 |
| Deployment and Launch | $1,500 – $5,000 |
| Post-launch Maintenance | $2,000 – $10,000 per month |
Total Estimated Cost Range: $15,000 – $95,000
Factors That Affect Development Cost To Create An App Like Zillow
Several factors influence the development co
st of an app like Zillow:
- Complexity Level: The complexity of features impacts development costs.
- Platform: Development for different platforms (iOS, Android, Web) incurs varying costs.
- Tech Stack: The choice of technologies and tools affects development costs.
- App’s UI/UX Design: Design components like research, wireframing, and prototyping contribute to costs.
- Development Team: Factors like team location and expertise influence development costs.
How Long Does it Take to Develop an App Like Zillow?
The process of making an app like Zillow usually takes between 8 to 16 weeks, and it includes steps like study, design, development, testing, deployment, and maintenance.
How to Make Money With An App Like Zillow?
Monetization strategies for apps like Zillow include:
Featured Listing Models
Sellers can promote their listings for increased visibility by charging a fee. Featured listings attract more attention from potential buyers, generating revenue for the app.
Advertisement
Generate revenue by displaying ads from businesses within the app. Utilize various ad formats such as sponsored listings, banner ads, and native ads, to monetize user traffic effectively.
Offer Premium Subscription
Provide users with the option to subscribe to premium features or services for a recurring fee. Premium subscriptions offer additional benefits or exclusive access, incentivizing users to upgrade and generating consistent revenue.
Partnerships And Sponsorships
Collaborate with related companies or brands to offer complementary services to app users. Charge nominal fees from partners for featuring their services or products within the app, creating a new revenue stream.
Lead Generation
Sell leads generated from app users to real estate professionals, such as agents, developers, and brokers. High-quality leads with genuine interest in buying or selling properties are valuable to industry professionals, allowing the app to monetize user interactions effectively.
Data Licensing
Monetize the app’s vast data resources by offering data licensing services to third-party entities. Analyze user data to generate reports, insights, and trends related to the real estate market, offering valuable information for a fee.
How Much Does It Cost To Make An App Like Zillow At Appic Softwares?
Are you a real estate development company looking to create an app like Zillow but concerned about the cost? Look no further than Appic Softwares! We specialize in providing affordable app development solutions tailored to meet the needs of real estate businesses like yours, with prices ranging from $10,000 to $80,000.
At Appic Softwares, we understand the unique requirements of real estate companies and the importance of delivering high-quality app solutions within budget constraints. With our expertise and experience, we can develop a Zillow-like app that aligns perfectly with your business goals and budget.
Conclusion
Creating an app like Zillow offers tremendous opportunities for real estate businesses to expand their digital presence and tap into the growing market of mobile-savvy property seekers. By understanding the key features, market trends, and cost factors, you can confidently embark on a successful app development journey.
Ready to transform your real estate business with a cutting-edge app like Zillow? Here at Appic Softwares, we focus on meeting the specific requirements of real estate organizations by providing them with high-quality app development solutions at affordable rates. Contact us today and let our team of experts guide you through the development process. As the best real estate app development company, we’re here to help you achieve your goals and stand out in the competitive market. Let’s build something amazing together!
