Miami, FL (Metro) - 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 the Miami, FL Metro in February 2026 was $2,654.144. The month over month percentage change (MoM) was -0.02%, and the year over year percentage change (YoY) was 0.47%.

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

You can see similar information for other US metros, and for the United States.

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, FL (Metro) - Zillow House Inventory Topic List

Data Source: Zillow.

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

Miami, FL (Metro) - 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	1462.9171141423171	NaN	NaN
Feb 2015	1471.3868740217333	0.58	NaN
Mar 2015	1478.919379762613	0.51	NaN
Apr 2015	1486.2529694881057	0.50	NaN
May 2015	1493.4489386352825	0.48	NaN
Jun 2015	1500.3762021577047	0.46	NaN
Jul 2015	1506.983424390989	0.44	NaN
Aug 2015	1513.4065026127482	0.43	NaN
Sep 2015	1521.322444937761	0.52	NaN
Oct 2015	1527.4636953040824	0.40	NaN
Nov 2015	1536.1214268753542	0.57	NaN
Dec 2015	1542.297513225345	0.40	NaN
Jan 2016	1548.1152746717007	0.38	5.82
Feb 2016	1551.227336634399	0.20	5.43
Mar 2016	1553.7768384456865	0.16	5.06
Apr 2016	1556.1151142130768	0.15	4.70
May 2016	1555.8470618329877	-0.02	4.18
Jun 2016	1556.289782119428	0.03	3.73
Jul 2016	1556.8697307663197	0.04	3.31
Aug 2016	1558.3769342360197	0.10	2.97
Sep 2016	1560.3518870753778	0.13	2.57
Oct 2016	1561.9147299874805	0.10	2.26
Nov 2016	1564.8318430621068	0.19	1.87
Dec 2016	1566.4631571570767	0.10	1.57
Jan 2017	1572.593358082326	0.39	1.58
Feb 2017	1577.7187260110659	0.33	1.71
Mar 2017	1586.158570871026	0.54	2.08
Apr 2017	1589.20416033009	0.19	2.13
May 2017	1592.0566773438889	0.18	2.33
Jun 2017	1595.0082594712278	0.19	2.49
Jul 2017	1599.2609262702167	0.27	2.72
Aug 2017	1605.144285247618	0.37	3.00
Sep 2017	1609.5535197433721	0.28	3.15
Oct 2017	1612.877348395577	0.21	3.26
Nov 2017	1612.801113355313	0.00	3.07
Dec 2017	1615.3777936008541	0.16	3.12
Jan 2018	1619.3358370771584	0.25	2.97
Feb 2018	1624.5996483799893	0.33	2.97
Mar 2018	1628.8394144415738	0.26	2.69
Apr 2018	1633.7366463627257	0.30	2.80
May 2018	1638.1274335698815	0.27	2.89
Jun 2018	1643.5218484984293	0.33	3.04
Jul 2018	1648.0143645375706	0.27	3.05
Aug 2018	1653.5937893900455	0.34	3.02
Sep 2018	1656.916112918142	0.20	2.94
Oct 2018	1660.9664537865553	0.24	2.98
Nov 2018	1664.8599775210364	0.23	3.23
Dec 2018	1670.44622184039	0.34	3.41
Jan 2019	1672.8638920401854	0.14	3.31
Feb 2019	1674.6522988156378	0.11	3.08
Mar 2019	1676.138375136332	0.09	2.90
Apr 2019	1680.0181104666776	0.23	2.83
May 2019	1685.1028610959404	0.30	2.87
Jun 2019	1689.386625280996	0.25	2.79
Jul 2019	1693.880051888041	0.27	2.78
Aug 2019	1696.6934901561012	0.17	2.61
Sep 2019	1702.0024533034575	0.31	2.72
Oct 2019	1707.5784000423785	0.33	2.81
Nov 2019	1714.80719463408	0.42	3.00
Dec 2019	1719.9931496483887	0.30	2.97
Jan 2020	1726.3151221118906	0.37	3.20
Feb 2020	1733.0857052071408	0.39	3.49
Mar 2020	1735.8942380806805	0.16	3.57
Apr 2020	1731.9974503898864	-0.22	3.09
May 2020	1725.3613953907427	-0.38	2.39
Jun 2020	1723.1993994663114	-0.12	2.00
Jul 2020	1723.6880969202075	0.03	1.76
Aug 2020	1726.067345595821	0.14	1.73
Sep 2020	1730.3013362376919	0.25	1.66
Oct 2020	1742.7873566580618	0.72	2.06
Nov 2020	1758.6134114314857	0.91	2.56
Dec 2020	1774.4680867800453	0.90	3.17
Jan 2021	1793.2501089493014	1.06	3.88
Feb 2021	1818.9968172377153	1.44	4.96
Mar 2021	1848.7320503718647	1.64	6.50
Apr 2021	1883.405385147432	1.88	8.74
May 2021	1922.71783714397	2.09	11.44
Jun 2021	1970.8927763527872	2.51	14.37
Jul 2021	2029.3722195110006	2.97	17.73
Aug 2021	2090.122207384403	2.99	21.09
Sep 2021	2146.3573195555805	2.69	24.05
Oct 2021	2190.047672484304	2.04	25.66
Nov 2021	2233.888267414268	2.00	27.03
Dec 2021	2281.5027491272854	2.13	28.57
Jan 2022	2327.2929546471782	2.01	29.78
Feb 2022	2364.4106977947054	1.60	29.98
Mar 2022	2400.110486145917	1.51	29.83
Apr 2022	2439.056237248328	1.62	29.50
May 2022	2475.985140546309	1.51	28.78
Jun 2022	2500.326430849846	0.98	26.86
Jul 2022	2513.1359492696133	0.51	23.84
Aug 2022	2518.189419069642	0.20	20.48
Sep 2022	2524.956337476685	0.27	17.64
Oct 2022	2531.2517158992223	0.25	15.58
Nov 2022	2539.3434095405937	0.32	13.67
Dec 2022	2546.4144900706956	0.28	11.61
Jan 2023	2552.215753798806	0.23	9.66
Feb 2023	2556.8896089139644	0.18	8.14
Mar 2023	2560.785016733941	0.15	6.69
Apr 2023	2563.520840760999	0.11	5.10
May 2023	2567.231381299849	0.14	3.69
Jun 2023	2568.754531575166	0.06	2.74
Jul 2023	2568.7741296169415	0.00	2.21
Aug 2023	2571.5227759462778	0.11	2.12
Sep 2023	2575.5091443852853	0.16	2.00
Oct 2023	2585.523366263625	0.39	2.14
Nov 2023	2590.2116764009247	0.18	2.00
Dec 2023	2589.810111530429	-0.02	1.70
Jan 2024	2591.1929106181374	0.05	1.53
Feb 2024	2596.7143956222408	0.21	1.56
Mar 2024	2603.4449951572306	0.26	1.67
Apr 2024	2607.9603475535446	0.17	1.73
May 2024	2609.332318804765	0.05	1.64
Jun 2024	2613.0086973738858	0.14	1.72
Jul 2024	2617.8371799800575	0.19	1.91
Aug 2024	2623.2406808673745	0.21	2.01
Sep 2024	2629.075623668886	0.22	2.08
Oct 2024	2631.354429504097	0.09	1.77
Nov 2024	2633.1016376430803	0.07	1.66
Dec 2024	2635.9822077839963	0.11	1.78
Jan 2025	2639.9717171412135	0.15	1.88
Feb 2025	2641.847383692107	0.07	1.74
Mar 2025	2642.2753772989654	0.02	1.49
Apr 2025	2642.99165039314	0.03	1.34
May 2025	2644.8530789722945	0.07	1.36
Jun 2025	2647.2823965627076	0.09	1.31
Jul 2025	2650.5300370702894	0.12	1.25
Aug 2025	2652.5332729391043	0.08	1.12
Sep 2025	2652.4844190183267	0.00	0.89
Oct 2025	2651.855969961844	-0.02	0.78
Nov 2025	2652.9693652624956	0.04	0.76
Dec 2025	2654.9368099709977	0.07	0.72
Jan 2026	2654.811162198023	0.00	0.56
Feb 2026	2654.1438680133983	-0.02	0.47