Monterey (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 Monterey (City), California in February 2026 was $2,856.369. The month over month percentage change (MoM) was -0.78%, and the year over year percentage change (YoY) was 0.53%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for Monterey (City), CA. The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for Monterey (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.
Monterey (City), CA - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Monterey (City), CA - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 1721.4974837180562 Infinity Infinity
May 2016 1728.3725084184641 0.40 Infinity
Jun 2016 1741.8873688478943 0.78 Infinity
Jul 2016 1761.9142993202568 1.15 Infinity
Aug 2016 1774.9355153535198 0.74 Infinity
Sep 2016 1820.117553320015 2.55 Infinity
Oct 2016 1802.7678047325767 -0.95 Infinity
Nov 2016 1813.0199273880594 0.57 Infinity
Dec 2016 1785.6123078495173 -1.51 Infinity
Jan 2017 1799.4787494057616 0.78 Infinity
Feb 2017 1789.4851585145711 -0.56 Infinity
Mar 2017 1827.2730264771835 2.11 Infinity
Apr 2017 1823.2490913239242 -0.22 5.91
May 2017 1846.0763064072116 1.25 6.81
Jun 2017 1840.4484704916758 -0.30 5.66
Jul 2017 1867.2444935618958 1.46 5.98
Aug 2017 1884.6269948954593 0.93 6.18
Sep 2017 1883.6295944276058 -0.05 3.49
Oct 2017 1885.8139793332532 0.12 4.61
Nov 2017 1894.029759315905 0.44 4.47
Dec 2017 1918.1678570168806 1.27 7.42
Jan 2018 1923.715689094258 0.29 6.90
Feb 2018 1942.4168956269684 0.97 8.55
Mar 2018 1956.1765371776094 0.71 7.05
Apr 2018 1962.1414171248507 0.31 7.62
May 2018 1978.0158806301201 0.81 7.15
Jun 2018 1998.5326531117553 1.04 8.59
Jul 2018 1995.072997836153 -0.17 6.85
Aug 2018 1986.6120327470082 -0.42 5.41
Sep 2018 1993.4209195794256 0.34 5.83
Oct 2018 2011.6766987629146 0.92 6.67
Nov 2018 2027.8389705951215 0.80 7.07
Dec 2018 2019.7207087631825 -0.40 5.29
Jan 2019 2028.4300628298038 0.43 5.44
Feb 2019 2041.8182301262966 0.66 5.12
Mar 2019 2035.7067283096512 -0.30 4.07
Apr 2019 2048.0603496388785 0.61 4.38
May 2019 2047.7513805736342 -0.01 3.53
Jun 2019 2056.9919578851773 0.45 2.93
Jul 2019 2068.5475992997413 0.56 3.68
Aug 2019 2088.276779197619 0.95 5.12
Sep 2019 2099.887682610742 0.56 5.34
Oct 2019 2111.0702509889034 0.53 4.94
Nov 2019 2118.0698995552693 0.33 4.45
Dec 2019 2141.836365390297 1.12 6.05
Jan 2020 2155.562733698767 0.64 6.27
Feb 2020 2163.5509456527043 0.37 5.96
Mar 2020 2151.6514872768926 -0.55 5.70
Apr 2020 2138.370080634551 -0.62 4.41
May 2020 2120.3215620204824 -0.84 3.54
Jun 2020 2110.906050132688 -0.44 2.62
Jul 2020 2111.3899531037655 0.02 2.07
Aug 2020 2115.2092078774294 0.18 1.29
Sep 2020 2126.169272220596 0.52 1.25
Oct 2020 2141.451336908715 0.72 1.44
Nov 2020 2171.154289872386 1.39 2.51
Dec 2020 2189.8870324249165 0.86 2.24
Jan 2021 2188.742045732939 -0.05 1.54
Feb 2021 2198.1544155275187 0.43 1.60
Mar 2021 2192.90771109397 -0.24 1.92
Apr 2021 2213.257559456191 0.93 3.50
May 2021 2230.3204117944565 0.77 5.19
Jun 2021 2245.2623159604914 0.67 6.37
Jul 2021 2274.4116739686365 1.30 7.72
Aug 2021 2304.7943426752026 1.34 8.96
Sep 2021 2333.3911736123882 1.24 9.75
Oct 2021 2343.6077821862555 0.44 9.44
Nov 2021 2336.269033108641 -0.31 7.61
Dec 2021 2338.6764300834657 0.10 6.79
Jan 2022 2371.6658822037434 1.41 8.36
Feb 2022 2371.069474649771 -0.02 7.87
Mar 2022 2393.280669926443 0.94 9.14
Apr 2022 2408.8709588287415 0.65 8.84
May 2022 2461.8252352599125 2.20 10.38
Jun 2022 2493.448651212913 1.29 11.05
Jul 2022 2503.6782429796863 0.41 10.08
Aug 2022 2506.5539215035974 0.12 8.75
Sep 2022 2521.055502089842 0.58 8.04
Oct 2022 2539.165033783888 0.72 8.34
Nov 2022 2555.903299302813 0.66 9.40
Dec 2022 2571.0218889080743 0.59 9.94
Jan 2023 2575.738152300823 0.18 8.61
Feb 2023 2603.351945139005 1.07 9.80
Mar 2023 2607.774343374592 0.17 8.96
Apr 2023 2625.5741909003004 0.68 9.00
May 2023 2616.993648853702 -0.33 6.30
Jun 2023 2625.300784779194 0.32 5.29
Jul 2023 2622.3328263297763 -0.11 4.74
Aug 2023 2630.254585953306 0.30 4.93
Sep 2023 2615.6084722193978 -0.56 3.75
Oct 2023 2635.641308790513 0.77 3.80
Nov 2023 2628.357059949347 -0.28 2.84
Dec 2023 2637.0029383492247 0.33 2.57
Jan 2024 2624.8256019753826 -0.46 1.91
Feb 2024 2659.2956878304863 1.31 2.15
Mar 2024 2677.3663655988835 0.68 2.67
Apr 2024 2698.7706582510327 0.80 2.79
May 2024 2690.7223865744763 -0.30 2.82
Jun 2024 2708.2425695985353 0.65 3.16
Jul 2024 2728.2959299377053 0.74 4.04
Aug 2024 2748.7020263050827 0.75 4.50
Sep 2024 2773.25112382052 0.89 6.03
Oct 2024 2772.7524177991772 -0.02 5.20
Nov 2024 2783.0751147243254 0.37 5.89
Dec 2024 2785.2783887164924 0.08 5.62
Jan 2025 2831.281623822372 1.65 7.87
Feb 2025 2841.2541816220782 0.35 6.84
Mar 2025 2848.9718885148595 0.27 6.41
Apr 2025 2846.822918194089 -0.07 5.49
May 2025 2871.89370980595 0.88 6.73
Jun 2025 2871.7600196283092 0.00 6.04
Jul 2025 2878.129264104293 0.22 5.49
Aug 2025 2878.6542067138503 0.02 4.73
Sep 2025 2883.1733113433925 0.16 3.96
Oct 2025 2887.360964840303 0.14 4.13
Nov 2025 2895.538474363059 0.28 4.04
Dec 2025 2899.518688261227 0.14 4.10
Jan 2026 2878.7622591862923 -0.72 1.68
Feb 2026 2856.3690476190477 -0.78 0.53