Milpitas (City), California - 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 Milpitas (City), California in February 2026 was $3,348.207. The month over month percentage change (MoM) was 0.55%, and the year over year percentage change (YoY) was 5.89%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for Milpitas (City), CA. The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for Milpitas (City), CA.

You can see similar information for other California cities.

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.
Milpitas (City), CA - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Milpitas (City), CA - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 0 NaN NaN
Feb 2015 0 NaN NaN
Mar 2015 0 NaN NaN
Apr 2015 0 NaN NaN
May 2015 0 NaN NaN
Jun 2015 0 NaN NaN
Jul 2015 0 NaN NaN
Aug 2015 0 NaN NaN
Sep 2015 0 NaN NaN
Oct 2015 0 NaN NaN
Nov 2015 0 NaN NaN
Dec 2015 0 NaN NaN
Jan 2016 0 NaN NaN
Feb 2016 0 NaN NaN
Mar 2016 0 NaN NaN
Apr 2016 0 NaN NaN
May 2016 0 NaN NaN
Jun 2016 2470.2040509029357 Infinity Infinity
Jul 2016 2496.5742475985508 1.07 Infinity
Aug 2016 2507.6883762719035 0.45 Infinity
Sep 2016 2527.945131594472 0.81 Infinity
Oct 2016 2500.7188033608004 -1.08 Infinity
Nov 2016 2536.1922733341166 1.42 Infinity
Dec 2016 2528.3645996541977 -0.31 Infinity
Jan 2017 2578.6638947796932 1.99 Infinity
Feb 2017 2575.835654723188 -0.11 Infinity
Mar 2017 2598.1253969755803 0.87 Infinity
Apr 2017 2592.0818172933273 -0.23 Infinity
May 2017 2628.8896159166707 1.42 Infinity
Jun 2017 2620.6125670796305 -0.31 6.09
Jul 2017 2636.681868354102 0.61 5.61
Aug 2017 2630.836672778764 -0.22 4.91
Sep 2017 2646.2363640199633 0.59 4.68
Oct 2017 2664.5495286881 0.69 6.55
Nov 2017 2680.833294908693 0.61 5.70
Dec 2017 2688.96181812208 0.30 6.35
Jan 2018 2657.9421090570495 -1.15 3.07
Feb 2018 2655.238574567713 -0.10 3.08
Mar 2018 2665.3472480350383 0.38 2.59
Apr 2018 2705.13868454127 1.49 4.36
May 2018 2698.7940978054244 -0.23 2.66
Jun 2018 2709.8851188339127 0.41 3.41
Jul 2018 2698.570520954603 -0.42 2.35
Aug 2018 2713.3070323036154 0.55 3.14
Sep 2018 2708.976018008688 -0.16 2.37
Oct 2018 2728.272359428393 0.71 2.39
Nov 2018 2723.4427762125206 -0.18 1.59
Dec 2018 2737.437556313274 0.51 1.80
Jan 2019 2742.6728361971273 0.19 3.19
Feb 2019 2733.5582295793088 -0.33 2.95
Mar 2019 2733.6165595099833 0.00 2.56
Apr 2019 2722.9639508147025 -0.39 0.66
May 2019 2730.344115483945 0.27 1.17
Jun 2019 2735.3568696527614 0.18 0.94
Jul 2019 2745.868708971871 0.38 1.75
Aug 2019 2750.8107834814987 0.18 1.38
Sep 2019 2760.905212539086 0.37 1.92
Oct 2019 2760.7477259639354 -0.01 1.19
Nov 2019 2767.9653666473614 0.26 1.64
Dec 2019 2773.38474769149 0.20 1.31
Jan 2020 2794.257683065362 0.75 1.88
Feb 2020 2825.0062800583037 1.10 3.35
Mar 2020 2796.3349611212857 -1.01 2.29
Apr 2020 2792.5207806726166 -0.14 2.55
May 2020 2775.111401277748 -0.62 1.64
Jun 2020 2758.4179407632173 -0.60 0.84
Jul 2020 2716.341140835137 -1.52 -1.07
Aug 2020 2701.228459758144 -0.56 -1.80
Sep 2020 2730.921464545441 1.10 -1.09
Oct 2020 2725.8282159024225 -0.19 -1.26
Nov 2020 2733.963839958469 0.30 -1.23
Dec 2020 2704.0571669008905 -1.09 -2.50
Jan 2021 2704.9932676237618 0.04 -3.19
Feb 2021 2690.8785342484 -0.52 -4.75
Mar 2021 2681.3475866812246 -0.35 -4.11
Apr 2021 2685.591787060591 0.16 -3.83
May 2021 2694.424336133478 0.33 -2.91
Jun 2021 2717.2208928933605 0.85 -1.49
Jul 2021 2767.268810941166 1.84 1.88
Aug 2021 2806.654339252405 1.42 3.90
Sep 2021 2839.8777261639666 1.18 3.99
Oct 2021 2873.708347532052 1.19 5.43
Nov 2021 2891.8280469656183 0.63 5.77
Dec 2021 2912.389632852248 0.71 7.70
Jan 2022 2918.8722506148874 0.22 7.91
Feb 2022 2955.532271273891 1.26 9.84
Mar 2022 2985.2535117714624 1.01 11.33
Apr 2022 3024.5319457923097 1.32 12.62
May 2022 3042.00791599053 0.58 12.90
Jun 2022 3059.929730100352 0.59 12.61
Jul 2022 3068.2899406959805 0.27 10.88
Aug 2022 3061.205001674956 -0.23 9.07
Sep 2022 3048.812362603684 -0.40 7.36
Oct 2022 3044.9080358303663 -0.13 5.96
Nov 2022 3056.8512103240278 0.39 5.71
Dec 2022 3071.334125070207 0.47 5.46
Jan 2023 3073.836268144568 0.08 5.31
Feb 2023 3070.1404568013145 -0.12 3.88
Mar 2023 3081.3514398956177 0.37 3.22
Apr 2023 3079.172463748269 -0.07 1.81
May 2023 3089.6778915752066 0.34 1.57
Jun 2023 3082.6743189790977 -0.23 0.74
Jul 2023 3090.89235059952 0.27 0.74
Aug 2023 3094.8960704397628 0.13 1.10
Sep 2023 3081.384552040085 -0.44 1.07
Oct 2023 3057.966367681734 -0.76 0.43
Nov 2023 3047.388568589082 -0.35 -0.31
Dec 2023 3063.612520581258 0.53 -0.25
Jan 2024 3110.383641732796 1.53 1.19
Feb 2024 3129.95005188979 0.63 1.95
Mar 2024 3154.324431654555 0.78 2.37
Apr 2024 3141.717825064326 -0.40 2.03
May 2024 3137.6360975933967 -0.13 1.55
Jun 2024 3132.1953791004603 -0.17 1.61
Jul 2024 3127.811258154087 -0.14 1.19
Aug 2024 3144.192672068737 0.52 1.59
Sep 2024 3146.960695426513 0.09 2.13
Oct 2024 3169.220789924256 0.71 3.64
Nov 2024 3170.1142882458103 0.03 4.03
Dec 2024 3182.331268072548 0.39 3.88
Jan 2025 3159.650265512379 -0.71 1.58
Feb 2025 3162.047704269797 0.08 1.03
Mar 2025 3149.9513359743814 -0.38 -0.14
Apr 2025 3170.8954170084826 0.67 0.93
May 2025 3184.5642818755073 0.43 1.50
Jun 2025 3208.1502921251986 0.74 2.42
Jul 2025 3225.4198122400026 0.54 3.12
Aug 2025 3232.7626088225047 0.23 2.82
Sep 2025 3261.0491583295943 0.88 3.63
Oct 2025 3278.094563532136 0.52 3.44
Nov 2025 3304.014174534337 0.79 4.22
Dec 2025 3308.608658547173 0.14 3.97
Jan 2026 3330.0428498861997 0.65 5.39
Feb 2026 3348.2067026540713 0.55 5.89