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Top Schools and Affordable Homes: East Bay Dominates ZipRealty's List of Best Places to Live for Families

(Thomson Reuters ONE via COMTEX) --FOR IMMEDIATE RELEASE

Media Contact: Stacey Corso

510.735.2667

scorso@ziprealty.com

San Ramon Valley, Sunol Glen and Piedmont schools top the list.

EMERYVILLE, Calif., May 16, 2013 - ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ: ZIPR), the leading online residential real estate brokerage and technology provider, has released its first annual ranking of the Best Places for Families to Live: Top School Districts with Most Affordable Housing in the Bay Area. The public school rankings were compiled by factoring each school district's School Score on ZipRealty.com with median price per square foot in that district. To be considered, at least 10 home sales must have closed in that school district over the course of 2012.

"We all know lots of factors - not just price per square foot - go into determining home values," says ZipRealty CEO and President Lanny Baker. "Among the most important of these factors for many families today is the quality of local schools in relation to the price of their local real estate. In our ongoing effort to help home buyers make important decisions, we are thrilled to bring these two sets of data together."

ZipRealty's proprietary School Score ratings measure the performance of each school district, including elementary, middle and high schools on a scale of 1 to 10, with 10 being the highest. ZipRealty calculates School Score ratings based on test-score data as well as student/teacher ratios, says Jamie Wilson, Senior Vice President of Technology.

"When searching for a home on ZipRealty.com, interested buyers can use the Schools Information section when viewing any home listing they're interested in to assess the quality of each school or an entire district, and then access their School Score," says Mr. Wilson. "The Schools Information section also features the student/teacher ratio of each school, along with specific test scores on a variety of subjects, such as math, science, language arts and others, depending upon the state," he notes.

In California, home buyers can review each school and school district's Academic Performance Index (API), a comprehensive set of metrics used by the state of California to measure school performance.

The list of the Best Places for Families to Live: Top School Districts with Most Affordable Housing in the San Francisco Bay Area are:

- San Ramon Valley Unified: School Score 9.1/Median Price per SF $304

- Sunol Glen Unified: School Score 9.3/Median Price per SF $356

- Piedmont Unified: School Score 9.5/Median Price per SF $539

- Palo Alto Unified: School Score 9.2/Median Price per SF $885

- Castro Valley Unified: School Score 8/Median Price per SF $265

- Dublin Unified: School Score 8.4/Median Price per SF $265

- Pleasanton Unified: School Score 8.6/Median Price per SF $332

- Albany Unified: School Score 8.6/Median Price per SF $419

- Benicia Unified: School Score 7.8/Median Price per SF $181

- Martinez Unified: School Score 7.8/Median Price per SF $185

For a complete ranking of the Best Places for Families to Live: Top School Districts with Most Affordable Housing in the Bay Area, contact Stacey Corso at scorso@ziprealty.com.

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www.ziprealty.com

About ZipRealty, Inc.

ZipRealty is a leading national real estate brokerage and provider of proprietary technology and comprehensive online marketing tools for the residential real estate brokerage industry. For home buyers and sellers who increasingly want control, choice and a seamless, customized service, ZipRealty offers Internet-enabled, state-of-the-art technology and complete access to accurate, timely information via their website and mobile applications, which real estate professionals can combine with their own local knowledge and personal expertise to offer an exceptional start-to-finish client experience. For real estate professionals who seek more productive ways to conduct business, ZipRealty provides technology and online marketing tools to enhance their online sales channel, including lead generation, conversion and service of their clients. ZipRealty's technology and online marketing products serve its full-service, owned-and-operated residential real estate brokerage business in 19 markets nationwide, as well as its Powered by Zip network of leading third-party local brokerages in 16 markets.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

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(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the

information contained therein.

Source: ZipRealty via Thomson Reuters ONE

HUG#1702440

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding ZipRealty, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.