New York, NY (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 New York, NY Metro in February 2026 was $3,258.384. The month over month percentage change (MoM) was 0.25%, and the year over year percentage change (YoY) was 4.18%.

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

Data Source: Zillow.
New York, NY (Metro) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
New York, NY (Metro) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 2144.2997970129686 NaN NaN
Feb 2015 2158.616587478217 0.67 NaN
Mar 2015 2171.459528197875 0.60 NaN
Apr 2015 2180.3647661931495 0.41 NaN
May 2015 2183.9776505060277 0.17 NaN
Jun 2015 2187.813653654888 0.18 NaN
Jul 2015 2192.639117929762 0.22 NaN
Aug 2015 2200.7323182567366 0.37 NaN
Sep 2015 2208.680667618898 0.36 NaN
Oct 2015 2216.331501087296 0.35 NaN
Nov 2015 2220.1907771717642 0.17 NaN
Dec 2015 2224.8269554082153 0.21 NaN
Jan 2016 2228.0260395394725 0.14 3.91
Feb 2016 2231.3436666427874 0.15 3.37
Mar 2016 2232.2895515951636 0.04 2.80
Apr 2016 2233.978549553344 0.08 2.46
May 2016 2237.173216258528 0.14 2.44
Jun 2016 2241.296005254049 0.18 2.44
Jul 2016 2247.261406892713 0.27 2.49
Aug 2016 2250.0389364025746 0.12 2.24
Sep 2016 2254.2828009450304 0.19 2.07
Oct 2016 2258.5059156998086 0.19 1.90
Nov 2016 2267.6580171679407 0.41 2.14
Dec 2016 2270.817856626725 0.14 2.07
Jan 2017 2273.6737688814655 0.13 2.05
Feb 2017 2273.4199370795077 -0.01 1.89
Mar 2017 2277.217910116063 0.17 2.01
Apr 2017 2280.0786138629546 0.13 2.06
May 2017 2285.196187617958 0.22 2.15
Jun 2017 2287.8794912659573 0.12 2.08
Jul 2017 2290.9085027098104 0.13 1.94
Aug 2017 2292.078998916406 0.05 1.87
Sep 2017 2295.1728627022367 0.14 1.81
Oct 2017 2294.785163104586 -0.02 1.61
Nov 2017 2295.116991031561 0.01 1.21
Dec 2017 2297.200175842404 0.09 1.16
Jan 2018 2302.2512948413378 0.22 1.26
Feb 2018 2307.1074085625805 0.21 1.48
Mar 2018 2311.625854008508 0.20 1.51
Apr 2018 2318.6586064532703 0.30 1.69
May 2018 2323.5429706093537 0.21 1.68
Jun 2018 2327.6753531904114 0.18 1.74
Jul 2018 2331.898884263852 0.18 1.79
Aug 2018 2339.1984663639914 0.31 2.06
Sep 2018 2345.564149751528 0.27 2.20
Oct 2018 2350.2842974103473 0.20 2.42
Nov 2018 2356.868146686037 0.28 2.69
Dec 2018 2362.485953429777 0.24 2.84
Jan 2019 2368.7541983955075 0.27 2.89
Feb 2019 2374.687796910408 0.25 2.93
Mar 2019 2380.6470159861788 0.25 2.99
Apr 2019 2385.344394789504 0.20 2.88
May 2019 2390.733210386282 0.23 2.89
Jun 2019 2397.958754729625 0.30 3.02
Jul 2019 2404.8668223454674 0.29 3.13
Aug 2019 2411.1357078154083 0.26 3.08
Sep 2019 2417.216284700016 0.25 3.06
Oct 2019 2426.555088297805 0.39 3.25
Nov 2019 2433.551900459697 0.29 3.25
Dec 2019 2441.9547046909615 0.35 3.36
Jan 2020 2448.8468755479453 0.28 3.38
Feb 2020 2457.0911378394185 0.34 3.47
Mar 2020 2448.828784916369 -0.34 2.86
Apr 2020 2433.4847208484366 -0.63 2.02
May 2020 2407.0042166896 -1.09 0.68
Jun 2020 2374.0484677975837 -1.37 -1.00
Jul 2020 2341.337622681301 -1.38 -2.64
Aug 2020 2299.7329083614836 -1.78 -4.62
Sep 2020 2262.319174227059 -1.63 -6.41
Oct 2020 2238.267593827128 -1.06 -7.76
Nov 2020 2226.346640979741 -0.53 -8.51
Dec 2020 2225.605242723728 -0.03 -8.86
Jan 2021 2229.1967823654363 0.16 -8.97
Feb 2021 2236.7549868832825 0.34 -8.97
Mar 2021 2247.3385400710545 0.47 -8.23
Apr 2021 2264.416592819962 0.76 -6.95
May 2021 2292.6384969025867 1.25 -4.75
Jun 2021 2329.4508798035154 1.61 -1.88
Jul 2021 2374.883265020707 1.95 1.43
Aug 2021 2429.5712657359686 2.30 5.65
Sep 2021 2485.77984702668 2.31 9.88
Oct 2021 2535.6705264320058 2.01 13.29
Nov 2021 2580.239837149624 1.76 15.90
Dec 2021 2616.9705247861452 1.42 17.59
Jan 2022 2647.961970074005 1.18 18.79
Feb 2022 2674.5703544812177 1.00 19.57
Mar 2022 2700.3349814342555 0.96 20.16
Apr 2022 2726.8068403169505 0.98 20.42
May 2022 2755.3123888236773 1.05 20.18
Jun 2022 2785.3834518440954 1.09 19.57
Jul 2022 2812.4795363439657 0.97 18.43
Aug 2022 2833.6121721347063 0.75 16.63
Sep 2022 2847.399526892236 0.49 14.55
Oct 2022 2855.832486668889 0.30 12.63
Nov 2022 2859.5773460488194 0.13 10.83
Dec 2022 2863.886854468899 0.15 9.44
Jan 2023 2871.53937844462 0.27 8.44
Feb 2023 2881.555148721871 0.35 7.74
Mar 2023 2893.913884657644 0.43 7.17
Apr 2023 2909.6526269192746 0.54 6.71
May 2023 2923.646250841197 0.48 6.11
Jun 2023 2931.163255132987 0.26 5.23
Jul 2023 2935.7487185849814 0.16 4.38
Aug 2023 2941.127034785621 0.18 3.79
Sep 2023 2952.107428252024 0.37 3.68
Oct 2023 2961.0736110867692 0.30 3.69
Nov 2023 2970.1245630995318 0.31 3.87
Dec 2023 2979.822796931397 0.33 4.05
Jan 2024 2993.3169914878517 0.45 4.24
Feb 2024 3006.646063832159 0.45 4.34
Mar 2024 3019.072131707425 0.41 4.33
Apr 2024 3028.910397578515 0.33 4.10
May 2024 3038.590798398184 0.32 3.93
Jun 2024 3045.479293034378 0.23 3.90
Jul 2024 3047.9258830950607 0.08 3.82
Aug 2024 3050.3704418754282 0.08 3.71
Sep 2024 3055.55038674167 0.17 3.50
Oct 2024 3066.215262222013 0.35 3.55
Nov 2024 3084.2277884846585 0.59 3.84
Dec 2024 3100.448224264299 0.53 4.05
Jan 2025 3117.4277507152547 0.55 4.15
Feb 2025 3127.793152796619 0.33 4.03
Mar 2025 3138.18295241566 0.33 3.95
Apr 2025 3147.7412217297365 0.31 3.92
May 2025 3156.780002722843 0.29 3.89
Jun 2025 3170.0485815044485 0.42 4.09
Jul 2025 3188.1654489329785 0.57 4.60
Aug 2025 3206.3729324823385 0.57 5.11
Sep 2025 3220.646908664158 0.45 5.40
Oct 2025 3232.438198453703 0.37 5.42
Nov 2025 3239.022060646188 0.20 5.02
Dec 2025 3246.3282520228204 0.23 4.71
Jan 2026 3250.123100326536 0.12 4.26
Feb 2026 3258.384199753898 0.25 4.18