San Jose (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 San Jose (City), California in February 2026 was $3,222.07. The month over month percentage change (MoM) was 0.35%, and the year over year percentage change (YoY) was 4.45%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for San Jose (City), CA. The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for San Jose (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.
San Jose (City), CA - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
San Jose (City), CA - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 2266.316610408092 NaN NaN
Feb 2015 2276.6518104712204 0.46 NaN
Mar 2015 2296.487750775467 0.87 NaN
Apr 2015 2327.511358194138 1.35 NaN
May 2015 2358.497367547424 1.33 NaN
Jun 2015 2375.7315942076666 0.73 NaN
Jul 2015 2389.988065927506 0.60 NaN
Aug 2015 2413.67338748321 0.99 NaN
Sep 2015 2433.8195392132 0.84 NaN
Oct 2015 2452.0576461857136 0.75 NaN
Nov 2015 2453.8483252996425 0.07 NaN
Dec 2015 2465.821815973085 0.49 NaN
Jan 2016 2473.4300944935294 0.31 9.14
Feb 2016 2488.151067376955 0.60 9.29
Mar 2016 2481.5029829809914 -0.27 8.06
Apr 2016 2477.1557865109216 -0.17 6.43
May 2016 2472.305336666164 -0.20 4.83
Jun 2016 2481.0193750249964 0.35 4.43
Jul 2016 2480.808645628092 -0.01 3.80
Aug 2016 2471.586283919262 -0.37 2.40
Sep 2016 2471.2841346551454 -0.01 1.54
Oct 2016 2469.7855043230343 -0.06 0.72
Nov 2016 2488.8772584052167 0.77 1.43
Dec 2016 2482.9783228903357 -0.24 0.70
Jan 2017 2498.6802169438765 0.63 1.02
Feb 2017 2501.3753075480518 0.11 0.53
Mar 2017 2533.213944791339 1.27 2.08
Apr 2017 2538.759553893844 0.22 2.49
May 2017 2548.701400186508 0.39 3.09
Jun 2017 2544.6337390983163 -0.16 2.56
Jul 2017 2548.05909932279 0.14 2.71
Aug 2017 2556.7315316673175 0.34 3.45
Sep 2017 2574.188463163911 0.68 4.16
Oct 2017 2586.4005493741706 0.47 4.72
Nov 2017 2592.5589924165915 0.24 4.17
Dec 2017 2597.0029246818685 0.17 4.59
Jan 2018 2605.3809646555733 0.32 4.27
Feb 2018 2616.977920889465 0.45 4.62
Mar 2018 2621.866148714918 0.19 3.50
Apr 2018 2630.6047565568765 0.33 3.62
May 2018 2635.4463115367357 0.18 3.40
Jun 2018 2646.8377900526 0.43 4.02
Jul 2018 2656.0619254460285 0.35 4.24
Aug 2018 2665.247915372014 0.35 4.24
Sep 2018 2663.136015174332 -0.08 3.46
Oct 2018 2661.3878635778383 -0.07 2.90
Nov 2018 2666.74959402161 0.20 2.86
Dec 2018 2678.113294767657 0.43 3.12
Jan 2019 2680.8997609890766 0.10 2.90
Feb 2019 2686.8105439317883 0.22 2.67
Mar 2019 2683.997252332917 -0.10 2.37
Apr 2019 2690.4655112446653 0.24 2.28
May 2019 2697.6825435501473 0.27 2.36
Jun 2019 2704.1612719067903 0.24 2.17
Jul 2019 2710.1310779335404 0.22 2.04
Aug 2019 2714.7364807030986 0.17 1.86
Sep 2019 2721.569431539944 0.25 2.19
Oct 2019 2730.921958443454 0.34 2.61
Nov 2019 2733.9430741964316 0.11 2.52
Dec 2019 2738.040106550992 0.15 2.24
Jan 2020 2742.3740433060275 0.16 2.29
Feb 2020 2745.0763347758366 0.10 2.17
Mar 2020 2753.7136059426266 0.32 2.60
Apr 2020 2737.01640591737 -0.61 1.73
May 2020 2719.784044901272 -0.63 0.82
Jun 2020 0 -100.00 -100.00
Jul 2020 2650.0457944223517 Infinity -2.22
Aug 2020 2618.0478946008975 -1.21 -3.56
Sep 2020 2606.1097686281105 -0.46 -4.24
Oct 2020 2593.8689616916427 -0.47 -5.02
Nov 2020 2593.5549556097517 -0.01 -5.13
Dec 2020 2583.7873177686342 -0.38 -5.63
Jan 2021 2576.7355496151267 -0.27 -6.04
Feb 2021 2567.772458841307 -0.35 -6.46
Mar 2021 2567.284684777581 -0.02 -6.77
Apr 2021 2575.4034248734083 0.32 -5.90
May 2021 2591.000556148805 0.61 -4.74
Jun 2021 2615.3136721959263 0.94 Infinity
Jul 2021 2644.0950024193007 1.10 -0.22
Aug 2021 2675.146052471744 1.17 2.18
Sep 2021 2702.759799196294 1.03 3.71
Oct 2021 2730.841912621805 1.04 5.28
Nov 2021 2747.1509019247414 0.60 5.92
Dec 2021 2763.0821088575167 0.58 6.94
Jan 2022 2780.1027521982355 0.62 7.89
Feb 2022 2799.556426926067 0.70 9.03
Mar 2022 2816.059864071768 0.59 9.69
Apr 2022 2838.2207965967864 0.79 10.21
May 2022 2857.89743050874 0.69 10.30
Jun 2022 2889.8648596339885 1.12 10.50
Jul 2022 2911.4187676015395 0.75 10.11
Aug 2022 2930.3818778844625 0.65 9.54
Sep 2022 2938.755986482295 0.29 8.73
Oct 2022 2939.5309098357407 0.03 7.64
Nov 2022 2938.512941503799 -0.04 6.97
Dec 2022 2934.118627739859 -0.15 6.19
Jan 2023 2931.665661295803 -0.08 5.45
Feb 2023 2935.191582981119 0.12 4.85
Mar 2023 2941.44573317555 0.21 4.45
Apr 2023 2942.5628966078975 0.04 3.68
May 2023 2944.399935826983 0.06 3.03
Jun 2023 2938.586501233647 -0.20 1.69
Jul 2023 2937.31103414173 -0.04 0.89
Aug 2023 2935.435605238763 -0.06 0.17
Sep 2023 2935.843275078634 0.01 -0.10
Oct 2023 2935.9965662271156 0.01 -0.12
Nov 2023 2934.271075767733 -0.06 -0.14
Dec 2023 2949.7437914752154 0.53 0.53
Jan 2024 2968.0173042691845 0.62 1.24
Feb 2024 2987.834495537643 0.67 1.79
Mar 2024 2992.378253531767 0.15 1.73
Apr 2024 3000.697303992894 0.28 1.98
May 2024 3012.2327681198576 0.38 2.30
Jun 2024 3017.25925574309 0.17 2.68
Jul 2024 3028.6968896238686 0.38 3.11
Aug 2024 3035.1654400048737 0.21 3.40
Sep 2024 3055.430249847436 0.67 4.07
Oct 2024 3064.9451782380297 0.31 4.39
Nov 2024 3074.0688309400966 0.30 4.76
Dec 2024 3071.4057838416456 -0.09 4.12
Jan 2025 3080.8924738692804 0.31 3.80
Feb 2025 3084.697034189278 0.12 3.24
Mar 2025 3095.4268685981106 0.35 3.44
Apr 2025 3104.6434724609894 0.30 3.46
May 2025 3111.762020919722 0.23 3.30
Jun 2025 3125.222717670973 0.43 3.58
Jul 2025 3134.00012713251 0.28 3.48
Aug 2025 3147.7184163490506 0.44 3.71
Sep 2025 3152.2460293227005 0.14 3.17
Oct 2025 3167.0155689097805 0.47 3.33
Nov 2025 3184.1504938711732 0.54 3.58
Dec 2025 3202.8975862066127 0.59 4.28
Jan 2026 3210.9779401362384 0.25 4.22
Feb 2026 3222.0697098042606 0.35 4.45