Miami (City), Florida - 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 Miami (City), Florida in February 2026 was $2,963.926. The month over month percentage change (MoM) was -0.03%, and the year over year percentage change (YoY) was 0.30%.

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

You can see similar information for other Florida 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.

Related Topics: Miami, Florida - Zillow House Inventory Topic List

Data Source: Zillow.

Miami (City), FL - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)

Miami (City), FL - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted

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Month	ZORI ($)	MoM Perc. Change (%)	YoY Perc. Change (%)
Jan 2015	1682.754387615657	NaN	NaN
Feb 2015	1693.662010170746	0.65	NaN
Mar 2015	1707.4845047419922	0.82	NaN
Apr 2015	1715.3384048903206	0.46	NaN
May 2015	1720.9103968340205	0.33	NaN
Jun 2015	1728.907085589603	0.47	NaN
Jul 2015	1732.7700513528387	0.22	NaN
Aug 2015	1739.190833475004	0.37	NaN
Sep 2015	1744.020739659276	0.28	NaN
Oct 2015	1744.251720418153	0.01	NaN
Nov 2015	1753.4807382254887	0.53	NaN
Dec 2015	1759.923079595131	0.37	NaN
Jan 2016	1769.2643880838539	0.53	5.14
Feb 2016	1770.803629338689	0.09	4.56
Mar 2016	1766.859296045943	-0.22	3.48
Apr 2016	1765.6699961030772	-0.07	2.93
May 2016	1763.9922260202532	-0.09	2.50
Jun 2016	1764.0750780187082	0.01	2.03
Jul 2016	1766.399248818233	0.13	1.94
Aug 2016	1765.190885989818	-0.07	1.50
Sep 2016	1765.1516413260745	0.00	1.21
Oct 2016	1765.6234085107913	0.03	1.23
Nov 2016	1764.3561161849796	-0.07	0.62
Dec 2016	1763.1537782359217	-0.07	0.18
Jan 2017	1765.542522910801	0.14	-0.21
Feb 2017	1772.51410037978	0.40	0.10
Mar 2017	1776.9159050342723	0.25	0.57
Apr 2017	1776.2182597833284	-0.04	0.60
May 2017	1778.4049164930927	0.12	0.82
Jun 2017	1780.0644711756227	0.09	0.91
Jul 2017	1781.456080224701	0.08	0.85
Aug 2017	1783.7712955961442	0.13	1.05
Sep 2017	1788.1495966177586	0.25	1.30
Oct 2017	1793.099052532717	0.28	1.56
Nov 2017	1795.284687838616	0.12	1.75
Dec 2017	1800.8824540347605	0.31	2.14
Jan 2018	1802.454999083451	0.09	2.09
Feb 2018	1806.1137948841833	0.20	1.90
Mar 2018	1810.593011386942	0.25	1.90
Apr 2018	1817.1154654354686	0.36	2.30
May 2018	1817.8212037637334	0.04	2.22
Jun 2018	1822.3810298719025	0.25	2.38
Jul 2018	1827.1754042124653	0.26	2.57
Aug 2018	1836.3114903371584	0.50	2.95
Sep 2018	1840.9846825635343	0.25	2.96
Oct 2018	1845.4432822276221	0.24	2.92
Nov 2018	1843.2699616737082	-0.12	2.67
Dec 2018	1846.0689448627902	0.15	2.51
Jan 2019	1849.4340133265805	0.18	2.61
Feb 2019	1850.7369893410464	0.07	2.47
Mar 2019	1853.3308779556633	0.14	2.36
Apr 2019	1856.6950438910164	0.18	2.18
May 2019	1863.4882668294472	0.37	2.51
Jun 2019	1867.3355980306687	0.21	2.47
Jul 2019	1871.0374983930712	0.20	2.40
Aug 2019	1871.7791231873346	0.04	1.93
Sep 2019	1875.0286157576131	0.17	1.85
Oct 2019	1878.4129446321035	0.18	1.79
Nov 2019	1888.6135909466973	0.54	2.46
Dec 2019	1893.7366581185088	0.27	2.58
Jan 2020	1900.0114072082745	0.33	2.74
Feb 2020	1906.506492818796	0.34	3.01
Mar 2020	1907.5890916300796	0.06	2.93
Apr 2020	1897.2430810515252	-0.54	2.18
May 2020	1886.6669662830043	-0.56	1.24
Jun 2020	1879.4399901711663	-0.38	0.65
Jul 2020	1877.5432107583258	-0.10	0.35
Aug 2020	1877.643034742472	0.01	0.31
Sep 2020	1876.2083803837058	-0.08	0.06
Oct 2020	1884.0662787415763	0.42	0.30
Nov 2020	1890.9551548103545	0.37	0.12
Dec 2020	1904.7670535479685	0.73	0.58
Jan 2021	1923.7540793156081	1.00	1.25
Feb 2021	1958.4461071350686	1.80	2.72
Mar 2021	1999.0227856867768	2.07	4.79
Apr 2021	2043.1198718091684	2.21	7.69
May 2021	2086.179861945375	2.11	10.58
Jun 2021	2140.865993511241	2.62	13.91
Jul 2021	0	-100.00	-100.00
Aug 2021	2280.0678325027816	Infinity	21.43
Sep 2021	2344.1747354243125	2.81	24.94
Oct 2021	2397.6383334618704	2.28	27.26
Nov 2021	2460.005281264936	2.60	30.09
Dec 2021	2521.9044753562894	2.52	32.40
Jan 2022	2576.1692925591296	2.15	33.91
Feb 2022	2623.0750238876544	1.82	33.94
Mar 2022	2664.1218593382655	1.57	33.27
Apr 2022	2713.347693240097	1.85	32.80
May 2022	2758.6276868792434	1.67	32.23
Jun 2022	2795.7980597763876	1.35	30.59
Jul 2022	2812.5982951190335	0.60	Infinity
Aug 2022	2820.645538676147	0.29	23.71
Sep 2022	2832.38527169709	0.42	20.83
Oct 2022	2841.536508471869	0.32	18.51
Nov 2022	2847.687304875853	0.22	15.76
Dec 2022	2852.016915210057	0.15	13.09
Jan 2023	2858.1730581939355	0.22	10.95
Feb 2023	2858.153466749104	0.00	8.96
Mar 2023	2859.464210603935	0.05	7.33
Apr 2023	2860.8495253727133	0.05	5.44
May 2023	2861.8808298471536	0.04	3.74
Jun 2023	2859.636661076991	-0.08	2.28
Jul 2023	2856.8270023874215	-0.10	1.57
Aug 2023	2861.077535707943	0.15	1.43
Sep 2023	2864.909082614908	0.13	1.15
Oct 2023	2872.768910804198	0.27	1.10
Nov 2023	2875.348325104661	0.09	0.97
Dec 2023	2879.750840264225	0.15	0.97
Jan 2024	2884.170738305522	0.15	0.91
Feb 2024	2893.6422901409205	0.33	1.24
Mar 2024	2902.436765957068	0.30	1.50
Apr 2024	2911.355887574485	0.31	1.77
May 2024	2918.197494502805	0.24	1.97
Jun 2024	2921.1700970598113	0.10	2.15
Jul 2024	2926.1376067389574	0.17	2.43
Aug 2024	2934.794690622725	0.30	2.58
Sep 2024	2946.379432285536	0.40	2.84
Oct 2024	2952.1400506228	0.20	2.76
Nov 2024	2950.7168759596475	-0.05	2.62
Dec 2024	2952.0246931022316	0.04	2.51
Jan 2025	2953.38200521424	0.05	2.40
Feb 2025	2954.946606830047	0.05	2.12
Mar 2025	2956.2052213971133	0.04	1.85
Apr 2025	2954.2227551198744	-0.07	1.47
May 2025	2953.67565778858	-0.02	1.22
Jun 2025	2957.7512798392117	0.14	1.25
Jul 2025	2963.006655084545	0.18	1.26
Aug 2025	2962.632244091161	-0.01	0.95
Sep 2025	2958.514243587846	-0.14	0.41
Oct 2025	2956.6616030399077	-0.06	0.15
Nov 2025	2961.9932885912153	0.18	0.38
Dec 2025	2963.9095466375065	0.07	0.40
Jan 2026	2964.822539862189	0.03	0.39
Feb 2026	2963.9258768182567	-0.03	0.30