US Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily in the US in February 2026 was $1,895.081. The month over month percentage change (MoM) was 0.07%, and the year over year percentage change (YoY) was 1.79%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI. The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes.

Note: Zillow Observed Rent Index (ZORI) is a smoothed measure of the typical observed market rate rent across a given region. ZORI is a repeat-rent index that is weighted to the rental housing stock to ensure representativeness across the entire market, not just homes currently listed for-rent.

Data Source: Zillow.
US Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
US Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 1134.9343124233528 NaN NaN
Feb 2015 1140.1128528608508 0.46 NaN
Mar 2015 1145.7695120987203 0.50 NaN
Apr 2015 1150.3929607071834 0.40 NaN
May 2015 1154.5102406968208 0.36 NaN
Jun 2015 1158.3744317554617 0.34 NaN
Jul 2015 1162.7590334625743 0.38 NaN
Aug 2015 1167.6462040159993 0.42 NaN
Sep 2015 1172.76201118403 0.44 NaN
Oct 2015 1177.7493835808543 0.43 NaN
Nov 2015 1182.4643920243047 0.40 NaN
Dec 2015 1186.77849547483 0.37 NaN
Jan 2016 1190.272221125826 0.29 4.88
Feb 2016 1193.2383211641654 0.25 4.66
Mar 2016 1195.0842357299368 0.16 4.30
Apr 2016 1198.38814485417 0.28 4.17
May 2016 1201.9034762512774 0.29 4.11
Jun 2016 1206.4840758138928 0.38 4.15
Jul 2016 1210.0694670404187 0.30 4.07
Aug 2016 1213.8590987610353 0.31 3.96
Sep 2016 1217.3483289704366 0.29 3.80
Oct 2016 1221.0569959978109 0.31 3.68
Nov 2016 1224.2982102886542 0.27 3.54
Dec 2016 1227.4662974433688 0.26 3.43
Jan 2017 1232.0356002490626 0.37 3.51
Feb 2017 1237.3812308640902 0.43 3.70
Mar 2017 1243.9547478495338 0.53 4.09
Apr 2017 1248.7527019161287 0.39 4.20
May 2017 1253.397225095634 0.37 4.28
Jun 2017 1257.1075379262697 0.30 4.20
Jul 2017 1261.0017712103322 0.31 4.21
Aug 2017 1264.3175987074994 0.26 4.16
Sep 2017 1268.8243803852881 0.36 4.23
Oct 2017 1272.5546472983517 0.29 4.22
Nov 2017 1277.0046249375323 0.35 4.31
Dec 2017 1281.3753238409238 0.34 4.39
Jan 2018 1286.1978522447998 0.38 4.40
Feb 2018 1291.0819219719115 0.38 4.34
Mar 2018 1295.0934050706896 0.31 4.11
Apr 2018 1299.3149677028036 0.33 4.05
May 2018 1302.8271078448465 0.27 3.94
Jun 2018 1307.0567957090364 0.33 3.97
Jul 2018 1311.515082005836 0.34 4.01
Aug 2018 1316.4153964817667 0.37 4.12
Sep 2018 1320.425244863155 0.31 4.07
Oct 2018 1325.4364526935203 0.38 4.16
Nov 2018 1330.8730659509615 0.41 4.22
Dec 2018 1336.2559843391673 0.40 4.28
Jan 2019 1340.1891156178394 0.29 4.20
Feb 2019 1343.45211497332 0.24 4.06
Mar 2019 1347.5129283796996 0.30 4.05
Apr 2019 1352.0645511072892 0.34 4.06
May 2019 1357.2680427912426 0.39 4.18
Jun 2019 1362.1906143232397 0.36 4.22
Jul 2019 1367.0605637264725 0.36 4.24
Aug 2019 1371.832380500659 0.35 4.21
Sep 2019 1376.770978902055 0.36 4.27
Oct 2019 1381.2909508400646 0.33 4.21
Nov 2019 1385.2558643042862 0.29 4.09
Dec 2019 1389.3723587435754 0.30 3.98
Jan 2020 1394.178662301732 0.35 4.03
Feb 2020 1399.3795291057843 0.37 4.16
Mar 2020 1403.6122374853799 0.30 4.16
Apr 2020 1401.7946846888153 -0.13 3.68
May 2020 1397.9595802217084 -0.27 3.00
Jun 2020 1394.6464161765666 -0.24 2.38
Jul 2020 1395.4948144640716 0.06 2.08
Aug 2020 1395.9216838199784 0.03 1.76
Sep 2020 1396.8445761113412 0.07 1.46
Oct 2020 1400.282316469911 0.25 1.38
Nov 2020 1405.7478291754583 0.39 1.48
Dec 2020 1412.89152026341 0.51 1.69
Jan 2021 1422.5297468148897 0.68 2.03
Feb 2021 1432.9383215545545 0.73 2.40
Mar 2021 1444.4942647400228 0.81 2.91
Apr 2021 1459.217464181909 1.02 4.10
May 2021 1478.4527590907073 1.32 5.76
Jun 2021 1500.9925946519056 1.53 7.63
Jul 2021 1524.1568072743628 1.54 9.22
Aug 2021 1549.2338014820302 1.65 10.98
Sep 2021 1574.2600183710576 1.62 12.70
Oct 2021 1595.70015600281 1.36 13.96
Nov 2021 1614.0594595435894 1.15 14.82
Dec 2021 1630.21119857728 1.00 15.38
Jan 2022 1643.7138803438313 0.83 15.55
Feb 2022 1657.0899356235382 0.81 15.64
Mar 2022 1668.2351714204522 0.67 15.49
Apr 2022 1682.9823117250994 0.88 15.34
May 2022 1696.1149621196464 0.78 14.72
Jun 2022 1709.6588374250111 0.80 13.90
Jul 2022 1719.6241950284102 0.58 12.83
Aug 2022 1726.807226085982 0.42 11.46
Sep 2022 1731.8551156521746 0.29 10.01
Oct 2022 1735.8863211857058 0.23 8.79
Nov 2022 1740.3113930322193 0.26 7.82
Dec 2022 1745.612858702989 0.31 7.08
Jan 2023 1750.8915606505254 0.30 6.52
Feb 2023 1756.023839162626 0.29 5.97
Mar 2023 1763.2096595427101 0.41 5.69
Apr 2023 1768.0064276883218 0.27 5.05
May 2023 1772.877577294637 0.28 4.53
Jun 2023 1773.7464103263221 0.05 3.75
Jul 2023 1777.1236425996303 0.19 3.34
Aug 2023 1780.6032730496047 0.20 3.12
Sep 2023 1784.5919343512026 0.22 3.05
Oct 2023 1789.1900953415682 0.26 3.07
Nov 2023 1793.5529030207697 0.24 3.06
Dec 2023 1798.523729103277 0.28 3.03
Jan 2024 1803.6427610756937 0.28 3.01
Feb 2024 1808.4946986732589 0.27 2.99
Mar 2024 1812.3155890456048 0.21 2.79
Apr 2024 1816.4297311967457 0.23 2.74
May 2024 1820.9191575255122 0.25 2.71
Jun 2024 1826.1566340451895 0.29 2.96
Jul 2024 1830.9197970339603 0.26 3.03
Aug 2024 1835.0499811263956 0.23 3.06
Sep 2024 1839.1853257322246 0.23 3.06
Oct 2024 1843.0611914525314 0.21 3.01
Nov 2024 1848.29007010503 0.28 3.05
Dec 2024 1852.6852796938506 0.24 3.01
Jan 2025 1857.6622988581626 0.27 3.00
Feb 2025 1861.699343348522 0.22 2.94
Mar 2025 1865.6490645911374 0.21 2.94
Apr 2025 1869.1863795273368 0.19 2.90
May 2025 1872.1325634842115 0.16 2.81
Jun 2025 1875.8517847388541 0.20 2.72
Jul 2025 1879.0367895656427 0.17 2.63
Aug 2025 1882.740159092731 0.20 2.60
Sep 2025 1886.1913747683673 0.18 2.56
Oct 2025 1889.4215919021187 0.17 2.52
Nov 2025 1891.3005156663053 0.10 2.33
Dec 2025 1892.9754623953554 0.09 2.17
Jan 2026 1893.7946091391889 0.04 1.95
Feb 2026 1895.0814292256794 0.07 1.79