Richmond (City), Virginia - 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 Richmond (City), Virginia in February 2026 was $1,574.392. The month over month percentage change (MoM) was 0.38%, and the year over year percentage change (YoY) was 4.16%.

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

You can see similar information for other Virginia 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.
Richmond (City), VA - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Richmond (City), VA - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 871.5836293158077 NaN NaN
Feb 2015 875.317203007156 0.43 NaN
Mar 2015 875.1578145809007 -0.02 NaN
Apr 2015 879.5357903464952 0.50 NaN
May 2015 880.2399551337837 0.08 NaN
Jun 2015 883.7777638008876 0.40 NaN
Jul 2015 887.0035084741461 0.37 NaN
Aug 2015 896.2057672202322 1.04 NaN
Sep 2015 903.2610064751467 0.79 NaN
Oct 2015 910.7831135267984 0.83 NaN
Nov 2015 915.0409439773412 0.47 NaN
Dec 2015 920.6836147268867 0.62 NaN
Jan 2016 918.2497640214568 -0.26 5.35
Feb 2016 914.251266609231 -0.43 4.45
Mar 2016 912.4054041518451 -0.20 4.26
Apr 2016 916.6870249802873 0.47 4.22
May 2016 917.344985464006 0.07 4.22
Jun 2016 918.9143540513085 0.17 3.98
Jul 2016 921.926680509054 0.33 3.94
Aug 2016 926.368818525218 0.48 3.37
Sep 2016 929.5802847913172 0.35 2.91
Oct 2016 931.8776931890269 0.25 2.32
Nov 2016 930.3281200128463 -0.17 1.67
Dec 2016 933.1088098428016 0.30 1.35
Jan 2017 938.6161777260221 0.59 2.22
Feb 2017 945.0949348598268 0.69 3.37
Mar 2017 950.5660160131876 0.58 4.18
Apr 2017 952.9398791701569 0.25 3.96
May 2017 960.9674863132536 0.84 4.76
Jun 2017 964.8046625076292 0.40 4.99
Jul 2017 973.8557789408563 0.94 5.63
Aug 2017 975.7490179672798 0.19 5.33
Sep 2017 979.3047535231957 0.36 5.35
Oct 2017 979.0824763288499 -0.02 5.07
Nov 2017 984.0953000626384 0.51 5.78
Dec 2017 989.1275714468163 0.51 6.00
Jan 2018 993.7158096932736 0.46 5.87
Feb 2018 1001.5618996451734 0.79 5.98
Mar 2018 1003.0727300807009 0.15 5.52
Apr 2018 1009.2467763911563 0.62 5.91
May 2018 1012.4494709487674 0.32 5.36
Jun 2018 1019.7741109239502 0.72 5.70
Jul 2018 1019.4890981538862 -0.03 4.69
Aug 2018 1019.5058696486976 0.00 4.48
Sep 2018 1021.0382990470434 0.15 4.26
Oct 2018 1027.2614586169836 0.61 4.92
Nov 2018 1041.3977707439024 1.38 5.82
Dec 2018 1042.472115415631 0.10 5.39
Jan 2019 1049.7706311334186 0.70 5.64
Feb 2019 1046.760893574568 -0.29 4.51
Mar 2019 1053.3655659273597 0.63 5.01
Apr 2019 1056.3780132757875 0.29 4.67
May 2019 1059.826230519878 0.33 4.68
Jun 2019 1061.9550785938686 0.20 4.14
Jul 2019 1067.1290125841244 0.49 4.67
Aug 2019 1075.2262911682474 0.76 5.47
Sep 2019 1081.6188608078628 0.60 5.93
Oct 2019 1086.3936015079378 0.44 5.76
Nov 2019 1083.1761643075035 -0.30 4.01
Dec 2019 1089.2625843286557 0.56 4.49
Jan 2020 1090.340211294577 0.10 3.87
Feb 2020 1097.6663297244056 0.67 4.86
Mar 2020 1103.1165355685744 0.50 4.72
Apr 2020 1104.5739693363348 0.13 4.56
May 2020 1107.1592856741527 0.23 4.47
Jun 2020 1107.5329314492021 0.03 4.29
Jul 2020 1114.3144286285858 0.61 4.42
Aug 2020 1118.799657486895 0.40 4.05
Sep 2020 1126.6293537478748 0.70 4.16
Oct 2020 1134.3102386742942 0.68 4.41
Nov 2020 1138.1815963695456 0.34 5.08
Dec 2020 1140.218723207263 0.18 4.68
Jan 2021 1145.4367351307196 0.46 5.05
Feb 2021 1149.4523004672717 0.35 4.72
Mar 2021 1159.5154452639194 0.88 5.11
Apr 2021 1167.377269297213 0.68 5.69
May 2021 1180.3476052135302 1.11 6.61
Jun 2021 1194.841555314695 1.23 7.88
Jul 2021 1209.3945480626708 1.22 8.53
Aug 2021 1222.4068516927778 1.08 9.26
Sep 2021 1228.4444160514095 0.49 9.04
Oct 2021 1238.2794598372218 0.80 9.17
Nov 2021 1250.51152830906 0.99 9.87
Dec 2021 1272.4314602149998 1.75 11.60
Jan 2022 1284.5133739529626 0.95 12.14
Feb 2022 1297.1983257230613 0.99 12.85
Mar 2022 1303.1741601045512 0.46 12.39
Apr 2022 1316.6798635486757 1.04 12.79
May 2022 1328.4787391216928 0.90 12.55
Jun 2022 1339.4964901430108 0.83 12.11
Jul 2022 1352.1500460569841 0.95 11.80
Aug 2022 1359.6211490856083 0.55 11.23
Sep 2022 1374.612041460133 1.10 11.90
Oct 2022 1381.4054559816857 0.49 11.56
Nov 2022 1388.9163448976208 0.54 11.07
Dec 2022 1385.4192215872033 -0.25 8.88
Jan 2023 1383.2629599813392 -0.16 7.69
Feb 2023 1381.6867844104959 -0.11 6.51
Mar 2023 1384.6454683433208 0.21 6.25
Apr 2023 1389.247413702719 0.33 5.51
May 2023 1391.3430577920597 0.15 4.73
Jun 2023 1392.363600632373 0.07 3.95
Jul 2023 1389.5703611755714 -0.20 2.77
Aug 2023 1395.2925642581863 0.41 2.62
Sep 2023 1404.252028566659 0.64 2.16
Oct 2023 1412.6039437126817 0.60 2.26
Nov 2023 1416.611420120266 0.28 1.99
Dec 2023 1413.925575659385 -0.19 2.06
Jan 2024 1427.1580024508999 0.94 3.17
Feb 2024 1437.4964921613423 0.72 4.04
Mar 2024 1448.3230310672327 0.75 4.60
Apr 2024 1452.9342623363234 0.32 4.58
May 2024 1459.8099121952707 0.47 4.92
Jun 2024 1467.5595000899348 0.53 5.40
Jul 2024 1472.213607825198 0.32 5.95
Aug 2024 1480.7052497537065 0.58 6.12
Sep 2024 1481.8455290364445 0.08 5.53
Oct 2024 1486.4983068738748 0.31 5.23
Nov 2024 1494.3300328492212 0.53 5.49
Dec 2024 1507.7719716808767 0.90 6.64
Jan 2025 1508.1228249915478 0.02 5.67
Feb 2025 1511.4797191733048 0.22 5.15
Mar 2025 1514.7574176390672 0.22 4.59
Apr 2025 1520.368909022447 0.37 4.64
May 2025 1525.5712821890775 0.34 4.51
Jun 2025 1530.6397836179926 0.33 4.30
Jul 2025 1539.6981496088615 0.59 4.58
Aug 2025 1542.497965212849 0.18 4.17
Sep 2025 1547.9700527089828 0.36 4.46
Oct 2025 1552.558266556925 0.30 4.44
Nov 2025 1556.5411745550464 0.26 4.16
Dec 2025 1561.4644832833203 0.32 3.56
Jan 2026 1568.445518036769 0.45 4.00
Feb 2026 1574.3922030769045 0.38 4.16