Morgan Hill (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 Morgan Hill (City), California in February 2026 was $3,592.175. The month over month percentage change (MoM) was 1.07%, and the year over year percentage change (YoY) was 5.82%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for Morgan Hill (City), CA. The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for Morgan Hill (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.
Morgan Hill (City), CA - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Morgan Hill (City), CA - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 0 NaN NaN
Jul 2016 0 NaN NaN
Aug 2016 0 NaN NaN
Sep 2016 0 NaN NaN
Oct 2016 0 NaN NaN
Nov 2016 0 NaN NaN
Dec 2016 0 NaN NaN
Jan 2017 0 NaN NaN
Feb 2017 0 NaN NaN
Mar 2017 0 NaN NaN
Apr 2017 0 NaN NaN
May 2017 0 NaN NaN
Jun 2017 0 NaN NaN
Jul 2017 0 NaN NaN
Aug 2017 0 NaN NaN
Sep 2017 0 NaN NaN
Oct 2017 0 NaN NaN
Nov 2017 0 NaN NaN
Dec 2017 0 NaN NaN
Jan 2018 0 NaN NaN
Feb 2018 0 NaN NaN
Mar 2018 0 NaN NaN
Apr 2018 0 NaN NaN
May 2018 0 NaN NaN
Jun 2018 0 NaN NaN
Jul 2018 0 NaN NaN
Aug 2018 0 NaN NaN
Sep 2018 0 NaN NaN
Oct 2018 0 NaN NaN
Nov 2018 0 NaN NaN
Dec 2018 0 NaN NaN
Jan 2019 0 NaN NaN
Feb 2019 0 NaN NaN
Mar 2019 0 NaN NaN
Apr 2019 0 NaN NaN
May 2019 0 NaN NaN
Jun 2019 0 NaN NaN
Jul 2019 0 NaN NaN
Aug 2019 0 NaN NaN
Sep 2019 0 NaN NaN
Oct 2019 0 NaN NaN
Nov 2019 0 NaN NaN
Dec 2019 0 NaN NaN
Jan 2020 2745.517624143088 Infinity Infinity
Feb 2020 2786.3959684092465 1.49 Infinity
Mar 2020 2795.4683898728626 0.33 Infinity
Apr 2020 2793.6955222130405 -0.06 Infinity
May 2020 2785.604616562853 -0.29 Infinity
Jun 2020 2776.315125821835 -0.33 Infinity
Jul 2020 2794.744775625639 0.66 Infinity
Aug 2020 2800.464125434709 0.21 Infinity
Sep 2020 2792.519369253815 -0.28 Infinity
Oct 2020 2786.5597299420165 -0.21 Infinity
Nov 2020 2806.9953454847027 0.73 Infinity
Dec 2020 2828.365846733465 0.76 Infinity
Jan 2021 2847.082350892203 0.66 3.70
Feb 2021 2819.3441465521573 -0.97 1.18
Mar 2021 2809.4682508046913 -0.35 0.50
Apr 2021 2829.2603707546937 0.70 1.27
May 2021 2865.7692822872255 1.29 2.88
Jun 2021 2883.503104566623 0.62 3.86
Jul 2021 2905.1150920016557 0.75 3.95
Aug 2021 2913.8796752016783 0.30 4.05
Sep 2021 2959.1724919275553 1.55 5.97
Oct 2021 3009.0278301566905 1.69 7.98
Nov 2021 3053.268596614292 1.47 8.77
Dec 2021 3065.270770511721 0.39 8.38
Jan 2022 3059.498225770429 -0.19 7.46
Feb 2022 3077.453786115233 0.59 9.15
Mar 2022 3094.602340413892 0.56 10.15
Apr 2022 3131.4718474534375 1.19 10.68
May 2022 3124.6594860051287 -0.22 9.03
Jun 2022 3142.4826852469887 0.57 8.98
Jul 2022 3099.92101467133 -1.35 6.71
Aug 2022 3115.9072883289714 0.52 6.93
Sep 2022 3104.445049891211 -0.37 4.91
Oct 2022 3113.520119499117 0.29 3.47
Nov 2022 3100.3114444421017 -0.42 1.54
Dec 2022 3089.299631816318 -0.35 0.78
Jan 2023 3097.7437683474222 0.27 1.25
Feb 2023 3139.57504936459 1.35 2.02
Mar 2023 3177.9901383330857 1.22 2.70
Apr 2023 3189.817708785628 0.37 1.86
May 2023 3181.845453654199 -0.25 1.83
Jun 2023 3192.9522783590724 0.35 1.61
Jul 2023 3232.6968570784143 1.25 4.28
Aug 2023 3266.909012608594 1.06 4.85
Sep 2023 3279.830438204991 0.40 5.65
Oct 2023 3293.9669372908625 0.43 5.80
Nov 2023 3282.4094382558283 -0.35 5.87
Dec 2023 3308.1518680038835 0.78 7.08
Jan 2024 3327.5533166649943 0.59 7.42
Feb 2024 3315.797051782192 -0.35 5.61
Mar 2024 3331.952287704932 0.49 4.85
Apr 2024 3315.4347396344765 -0.50 3.94
May 2024 3342.2819651805853 0.81 5.04
Jun 2024 3332.4333470598776 -0.29 4.37
Jul 2024 3346.2563020417165 0.42 3.51
Aug 2024 3355.354124645975 0.27 2.71
Sep 2024 3343.325843963496 -0.36 1.94
Oct 2024 3338.3012547927005 -0.15 1.35
Nov 2024 3374.1527598031885 1.07 2.80
Dec 2024 3422.3761568641557 1.43 3.45
Jan 2025 3398.942045356955 -0.68 2.15
Feb 2025 3394.53646378023 -0.13 2.38
Mar 2025 3384.8319009404386 -0.29 1.59
Apr 2025 3408.996105921732 0.71 2.82
May 2025 3419.006156705016 0.29 2.30
Jun 2025 3444.1540833782924 0.74 3.35
Jul 2025 3450.275348459351 0.18 3.11
Aug 2025 3452.2808710203158 0.06 2.89
Sep 2025 3486.759611604357 1.00 4.29
Oct 2025 3512.2554206606624 0.73 5.21
Nov 2025 3524.686011192964 0.35 4.46
Dec 2025 3511.0179182744373 -0.39 2.59
Jan 2026 3554.1570309637686 1.23 4.57
Feb 2026 3592.174603174603 1.07 5.82