Santa Clara (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 Santa Clara (City), California in February 2026 was $3,672.529. The month over month percentage change (MoM) was 0.82%, and the year over year percentage change (YoY) was 6.23%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for Santa Clara (City), CA. The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for Santa Clara (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.
Santa Clara (City), CA - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Santa Clara (City), CA - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 2513.13672311995 NaN NaN
Feb 2015 2514.8692477139953 0.07 NaN
Mar 2015 2561.995344978899 1.87 NaN
Apr 2015 2627.3755493578587 2.55 NaN
May 2015 2675.6317532793105 1.84 NaN
Jun 2015 2710.222663715391 1.29 NaN
Jul 2015 2691.0586298827284 -0.71 NaN
Aug 2015 2742.066663078134 1.90 NaN
Sep 2015 2732.15370569301 -0.36 NaN
Oct 2015 2762.1153255105187 1.10 NaN
Nov 2015 2761.19534567364 -0.03 NaN
Dec 2015 2774.5210645979546 0.48 NaN
Jan 2016 2803.0306089949686 1.03 11.54
Feb 2016 2814.3227824283176 0.40 11.91
Mar 2016 2857.2877471914444 1.53 11.53
Apr 2016 2853.4861404711874 -0.13 8.61
May 2016 2857.6259126872137 0.14 6.80
Jun 2016 2831.689931690677 -0.91 4.48
Jul 2016 2805.3771753328447 -0.93 4.25
Aug 2016 2766.4239521115633 -1.39 0.89
Sep 2016 2777.5726108789154 0.40 1.66
Oct 2016 2781.701914337877 0.15 0.71
Nov 2016 2793.522959002536 0.43 1.17
Dec 2016 2819.6202583075165 0.93 1.63
Jan 2017 2826.677537291518 0.25 0.84
Feb 2017 2856.0690789528653 1.04 1.48
Mar 2017 2824.37711312538 -1.11 -1.15
Apr 2017 2812.593398545593 -0.42 -1.43
May 2017 2809.037677144429 -0.13 -1.70
Jun 2017 2837.4474867968684 1.01 0.20
Jul 2017 2875.5790969617 1.34 2.50
Aug 2017 2895.337157892748 0.69 4.66
Sep 2017 2901.0169641574207 0.20 4.44
Oct 2017 2913.9346838389433 0.45 4.75
Nov 2017 2930.023036624292 0.55 4.89
Dec 2017 2925.33247540617 -0.16 3.75
Jan 2018 2918.0927325482767 -0.25 3.23
Feb 2018 2937.094442655927 0.65 2.84
Mar 2018 2953.161509668599 0.55 4.56
Apr 2018 2962.407248738589 0.31 5.33
May 2018 2951.5774827162113 -0.37 5.07
Jun 2018 2946.2440577328275 -0.18 3.83
Jul 2018 2956.0427350541054 0.33 2.80
Aug 2018 2965.0652711159078 0.31 2.41
Sep 2018 2975.307224404922 0.35 2.56
Oct 2018 2979.557405897495 0.14 2.25
Nov 2018 3003.15984263335 0.79 2.50
Dec 2018 2997.3848712171725 -0.19 2.46
Jan 2019 3008.9837098212156 0.39 3.12
Feb 2019 2994.7618400403358 -0.47 1.96
Mar 2019 3006.7196699725664 0.40 1.81
Apr 2019 3023.060085812045 0.54 2.05
May 2019 3049.937351296372 0.89 3.33
Jun 2019 3063.256772698277 0.44 3.97
Jul 2019 3061.8172778264247 -0.05 3.58
Aug 2019 3070.894024774785 0.30 3.57
Sep 2019 3077.6613629245694 0.22 3.44
Oct 2019 3086.1125778931278 0.28 3.58
Nov 2019 3077.9968519623985 -0.26 2.49
Dec 2019 3099.922504214717 0.71 3.42
Jan 2020 3114.4779283799667 0.47 3.51
Feb 2020 3132.234512237825 0.57 4.59
Mar 2020 3117.765048269714 -0.46 3.69
Apr 2020 3083.4862417738195 -1.10 2.00
May 2020 3053.533417462527 -0.97 0.12
Jun 2020 3004.5277218620845 -1.60 -1.92
Jul 2020 2985.4467003321142 -0.63 -2.49
Aug 2020 2949.471792274303 -1.20 -3.95
Sep 2020 2913.969940675357 -1.20 -5.32
Oct 2020 2871.82673488928 -1.45 -6.94
Nov 2020 2852.472409042819 -0.67 -7.33
Dec 2020 2832.232306159569 -0.71 -8.63
Jan 2021 2819.8693669979534 -0.44 -9.46
Feb 2021 2819.309501471905 -0.02 -9.99
Mar 2021 2825.893463093885 0.23 -9.36
Apr 2021 2844.8526615810383 0.67 -7.74
May 2021 2852.774805299583 0.28 -6.57
Jun 2021 2870.4305962921694 0.62 -4.46
Jul 2021 2903.0135077608584 1.14 -2.76
Aug 2021 2941.531711550367 1.33 -0.27
Sep 2021 2971.834866430028 1.03 1.99
Oct 2021 3000.5420992506056 0.97 4.48
Nov 2021 3016.5087767048803 0.53 5.75
Dec 2021 3042.0879095971727 0.85 7.41
Jan 2022 3072.036233066128 0.98 8.94
Feb 2022 3094.2874720703935 0.72 9.75
Mar 2022 3116.595121821214 0.72 10.29
Apr 2022 3139.231524378387 0.73 10.35
May 2022 3175.2705684596235 1.15 11.31
Jun 2022 3211.298268491141 1.14 11.88
Jul 2022 3224.9441484844165 0.43 11.09
Aug 2022 3239.2661992117414 0.44 10.12
Sep 2022 3254.856258284805 0.48 9.52
Oct 2022 3271.8196282212652 0.52 9.04
Nov 2022 3289.770818500855 0.55 9.06
Dec 2022 3287.217587629434 -0.08 8.06
Jan 2023 3283.798157293715 -0.10 6.89
Feb 2023 3279.539472163453 -0.13 5.99
Mar 2023 3274.5120304422176 -0.15 5.07
Apr 2023 3276.910354683264 0.07 4.39
May 2023 3272.397507394122 -0.14 3.06
Jun 2023 3283.199381433265 0.33 2.24
Jul 2023 3284.0756988645985 0.03 1.83
Aug 2023 3283.8073308717717 -0.01 1.38
Sep 2023 3286.282143134518 0.08 0.97
Oct 2023 3282.6623236123082 -0.11 0.33
Nov 2023 3285.7349984309435 0.09 -0.12
Dec 2023 3291.0925360949445 0.16 0.12
Jan 2024 3309.288353652702 0.55 0.78
Feb 2024 3335.96785304869 0.81 1.72
Mar 2024 3354.0669904655238 0.54 2.43
Apr 2024 3359.861412952047 0.17 2.53
May 2024 3375.202386310069 0.46 3.14
Jun 2024 3391.602395616261 0.49 3.30
Jul 2024 3407.9114730501296 0.48 3.77
Aug 2024 3412.618746323387 0.14 3.92
Sep 2024 3417.221867736933 0.14 3.98
Oct 2024 3441.556606314895 0.71 4.84
Nov 2024 3456.8410481875235 0.44 5.21
Dec 2024 3463.96398175623 0.21 5.25
Jan 2025 3460.236815234761 -0.11 4.56
Feb 2025 3457.2654264300218 -0.09 3.64
Mar 2025 3465.8304815729093 0.25 3.33
Apr 2025 3480.8847629575052 0.43 3.60
May 2025 3490.749459635404 0.28 3.42
Jun 2025 3493.182570360149 0.07 3.00
Jul 2025 3506.1806983870183 0.37 2.88
Aug 2025 3529.5008780742573 0.67 3.43
Sep 2025 3552.78682689868 0.66 3.97
Oct 2025 3564.8289187271703 0.34 3.58
Nov 2025 3582.320302076447 0.49 3.63
Dec 2025 3610.466894587369 0.79 4.23
Jan 2026 3642.62259815124 0.89 5.27
Feb 2026 3672.5287590968073 0.82 6.23