Nashville, TN (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 Nashville, TN Metro in February 2026 was $1,776.765. The month over month percentage change (MoM) was -0.15%, and the year over year percentage change (YoY) was 0.19%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the Nashville, TN metro. The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the Nashville, TN 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: Nashville, TN (Metro) - Zillow House Inventory Topic List

Data Source: Zillow.

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

Nashville, TN (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	1121.5054445516196	NaN	NaN
Feb 2015	1123.2787600071197	0.16	NaN
Mar 2015	1132.183192182631	0.79	NaN
Apr 2015	1136.0862957410202	0.35	NaN
May 2015	1143.491042538062	0.65	NaN
Jun 2015	1148.1245173680827	0.41	NaN
Jul 2015	1154.2038805726163	0.53	NaN
Aug 2015	1158.714553358472	0.39	NaN
Sep 2015	1162.6595329836873	0.34	NaN
Oct 2015	1170.2876511073168	0.66	NaN
Nov 2015	1174.2469210527506	0.34	NaN
Dec 2015	1181.942804234518	0.66	NaN
Jan 2016	1187.1202627931252	0.44	5.85
Feb 2016	1194.511206554581	0.62	6.34
Mar 2016	1196.8235887142002	0.19	5.71
Apr 2016	1198.7344013691302	0.16	5.51
May 2016	1202.2340291368755	0.29	5.14
Jun 2016	1209.6509945590162	0.62	5.36
Jul 2016	1213.5242504929988	0.32	5.14
Aug 2016	1219.3705310123858	0.48	5.24
Sep 2016	1223.333198006234	0.33	5.22
Oct 2016	1227.1115769490982	0.31	4.86
Nov 2016	1229.566792487542	0.20	4.71
Dec 2016	1233.4105958415898	0.31	4.36
Jan 2017	1238.598102425744	0.42	4.34
Feb 2017	1244.775140572595	0.50	4.21
Mar 2017	1253.0206588083022	0.66	4.70
Apr 2017	1260.57005402582	0.60	5.16
May 2017	1263.9032297289098	0.26	5.13
Jun 2017	1262.4748122167973	-0.11	4.37
Jul 2017	1264.4409275659473	0.16	4.20
Aug 2017	1269.1962555515738	0.38	4.09
Sep 2017	1275.6541927654366	0.51	4.28
Oct 2017	1275.4160514116065	-0.02	3.94
Nov 2017	1276.3845553931362	0.08	3.81
Dec 2017	1278.046413011707	0.13	3.62
Jan 2018	1285.9446488211452	0.62	3.82
Feb 2018	1291.1847847210051	0.41	3.73
Mar 2018	1290.3126670835823	-0.07	2.98
Apr 2018	1290.785655146832	0.04	2.40
May 2018	1291.426692734873	0.05	2.18
Jun 2018	1298.6789720929448	0.56	2.87
Jul 2018	1300.7359936514915	0.16	2.87
Aug 2018	1303.9108433369236	0.24	2.74
Sep 2018	1304.5204722917595	0.05	2.26
Oct 2018	1315.9556596183133	0.88	3.18
Nov 2018	1320.2624822376517	0.33	3.44
Dec 2018	1325.4567436337366	0.39	3.71
Jan 2019	1320.9672976545153	-0.34	2.72
Feb 2019	1324.3278984954707	0.25	2.57
Mar 2019	1329.977196867711	0.43	3.07
Apr 2019	1335.2204596209128	0.39	3.44
May 2019	1342.163166445185	0.52	3.93
Jun 2019	1345.6906493518386	0.26	3.62
Jul 2019	1352.4484528270511	0.50	3.98
Aug 2019	1356.7036489234076	0.32	4.05
Sep 2019	1362.673326894462	0.44	4.46
Oct 2019	1363.5568561075306	0.07	3.62
Nov 2019	1370.0340944767777	0.48	3.77
Dec 2019	1375.3253614656342	0.39	3.76
Jan 2020	1385.1590120373794	0.72	4.86
Feb 2020	1390.2058565250359	0.36	4.97
Mar 2020	1391.7418261689431	0.11	4.64
Apr 2020	1391.1094657140923	-0.04	4.19
May 2020	1387.3389169029022	-0.27	3.37
Jun 2020	1384.333895316469	-0.22	2.87
Jul 2020	1381.7575178324237	-0.19	2.17
Aug 2020	1384.586390466746	0.21	2.06
Sep 2020	1384.9443959762325	0.03	1.63
Oct 2020	1391.9988785668681	0.51	2.09
Nov 2020	1394.9881072682813	0.22	1.82
Dec 2020	1402.5981238246409	0.55	1.98
Jan 2021	1408.0571256214528	0.39	1.65
Feb 2021	1418.8113308461386	0.76	2.06
Mar 2021	1428.8204309181426	0.71	2.66
Apr 2021	1445.5823048531533	1.17	3.92
May 2021	1465.8186456213602	1.40	5.66
Jun 2021	1490.9920988980123	1.72	7.71
Jul 2021	1520.1535630744286	1.96	10.02
Aug 2021	1552.2263334928687	2.11	12.11
Sep 2021	1584.903251658176	2.11	14.44
Oct 2021	1610.5895576308335	1.62	15.70
Nov 2021	1628.34047017332	1.10	16.73
Dec 2021	1646.952248506589	1.14	17.42
Jan 2022	1660.3281518434128	0.81	17.92
Feb 2022	1677.065809647978	1.01	18.20
Mar 2022	1687.7206432419653	0.64	18.12
Apr 2022	1701.603090973977	0.82	17.71
May 2022	1713.7493602339584	0.71	16.91
Jun 2022	1728.4685994278145	0.86	15.93
Jul 2022	1738.1432422468538	0.56	14.34
Aug 2022	1739.939276299678	0.10	12.09
Sep 2022	1737.8697739305985	-0.12	9.65
Oct 2022	1736.0424289955442	-0.10	7.79
Nov 2022	1743.3726824577423	0.42	7.06
Dec 2022	1746.5058705338488	0.18	6.05
Jan 2023	1753.1878324766305	0.38	5.59
Feb 2023	1753.7631992243446	0.03	4.57
Mar 2023	1759.7046136233434	0.34	4.26
Apr 2023	1759.0992083505118	-0.03	3.38
May 2023	1760.276888980492	0.07	2.72
Jun 2023	1755.3831786857786	-0.28	1.56
Jul 2023	1751.7906376573173	-0.20	0.79
Aug 2023	1747.145011764997	-0.26	0.41
Sep 2023	1747.9808230142787	0.05	0.58
Oct 2023	1748.667212082764	0.04	0.73
Nov 2023	1748.9171524766036	0.01	0.32
Dec 2023	1747.7077183962988	-0.07	0.07
Jan 2024	1751.5766478218507	0.22	-0.09
Feb 2024	1753.630028401165	0.12	-0.01
Mar 2024	1756.407035181942	0.16	-0.19
Apr 2024	1757.931112455441	0.09	-0.07
May 2024	1762.5779340124363	0.26	0.13
Jun 2024	1764.9337508292608	0.13	0.54
Jul 2024	1765.7883814063327	0.05	0.80
Aug 2024	1766.791195681242	0.06	1.12
Sep 2024	1766.072672636171	-0.04	1.03
Oct 2024	1765.3062299123328	-0.04	0.95
Nov 2024	1767.3285669758193	0.12	1.05
Dec 2024	1769.8767655586555	0.14	1.27
Jan 2025	1770.2911415752196	0.02	1.07
Feb 2025	1773.46489918532	0.18	1.13
Mar 2025	1772.0192537360838	-0.08	0.89
Apr 2025	1773.3097259599706	0.07	0.88
May 2025	1771.1798157121784	-0.12	0.49
Jun 2025	1772.5505436522137	0.08	0.43
Jul 2025	1774.8660182646097	0.13	0.51
Aug 2025	1778.5796795004878	0.21	0.67
Sep 2025	1781.2607131174225	0.15	0.86
Oct 2025	1783.7956617517125	0.14	1.05
Nov 2025	1782.4129375511611	-0.08	0.85
Dec 2025	1781.7658291630576	-0.04	0.67
Jan 2026	1779.4473437947788	-0.13	0.52
Feb 2026	1776.7647901327612	-0.15	0.19