Zip Code: 14227 (Buffalo, New York) - 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 14227 Zip Code (Buffalo, New York) in February 2026 was $1,218.444. The month over month percentage change (MoM) was 3.11%, and the year over year percentage change (YoY) was 3.95%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 14227 zip code (Buffalo, New York). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 14227 zip code (Buffalo, New York).

You can see similar information for other New York zip codes.

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.
Zip Code: 14227 (Buffalo, New York) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 14227 (Buffalo, New York) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
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Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 0 NaN NaN
Feb 2015 0 NaN NaN
Mar 2015 0 NaN NaN
Apr 2015 0 NaN NaN
May 2015 0 NaN NaN
Jun 2015 0 NaN NaN
Jul 2015 0 NaN NaN
Aug 2015 0 NaN NaN
Sep 2015 0 NaN NaN
Oct 2015 0 NaN NaN
Nov 2015 0 NaN NaN
Dec 2015 0 NaN NaN
Jan 2016 0 NaN NaN
Feb 2016 0 NaN NaN
Mar 2016 0 NaN NaN
Apr 2016 0 NaN NaN
May 2016 0 NaN NaN
Jun 2016 0 NaN NaN
Jul 2016 0 NaN NaN
Aug 2016 0 NaN NaN
Sep 2016 0 NaN NaN
Oct 2016 0 NaN NaN
Nov 2016 0 NaN NaN
Dec 2016 0 NaN NaN
Jan 2017 0 NaN NaN
Feb 2017 0 NaN NaN
Mar 2017 0 NaN NaN
Apr 2017 0 NaN NaN
May 2017 0 NaN NaN
Jun 2017 0 NaN NaN
Jul 2017 0 NaN NaN
Aug 2017 0 NaN NaN
Sep 2017 0 NaN NaN
Oct 2017 0 NaN NaN
Nov 2017 0 NaN NaN
Dec 2017 0 NaN NaN
Jan 2018 0 NaN NaN
Feb 2018 0 NaN NaN
Mar 2018 0 NaN NaN
Apr 2018 0 NaN NaN
May 2018 0 NaN NaN
Jun 2018 0 NaN NaN
Jul 2018 0 NaN NaN
Aug 2018 0 NaN NaN
Sep 2018 0 NaN NaN
Oct 2018 0 NaN NaN
Nov 2018 0 NaN NaN
Dec 2018 0 NaN NaN
Jan 2019 0 NaN NaN
Feb 2019 0 NaN NaN
Mar 2019 0 NaN NaN
Apr 2019 0 NaN NaN
May 2019 0 NaN NaN
Jun 2019 0 NaN NaN
Jul 2019 0 NaN NaN
Aug 2019 0 NaN NaN
Sep 2019 0 NaN NaN
Oct 2019 0 NaN NaN
Nov 2019 0 NaN NaN
Dec 2019 0 NaN NaN
Jan 2020 0 NaN NaN
Feb 2020 0 NaN NaN
Mar 2020 0 NaN NaN
Apr 2020 0 NaN NaN
May 2020 0 NaN NaN
Jun 2020 0 NaN NaN
Jul 2020 0 NaN NaN
Aug 2020 0 NaN NaN
Sep 2020 0 NaN NaN
Oct 2020 0 NaN NaN
Nov 2020 0 NaN NaN
Dec 2020 0 NaN NaN
Jan 2021 0 NaN NaN
Feb 2021 0 NaN NaN
Mar 2021 0 NaN NaN
Apr 2021 0 NaN NaN
May 2021 0 NaN NaN
Jun 2021 0 NaN NaN
Jul 2021 0 NaN NaN
Aug 2021 0 NaN NaN
Sep 2021 0 NaN NaN
Oct 2021 0 NaN NaN
Nov 2021 0 NaN NaN
Dec 2021 0 NaN NaN
Jan 2022 0 NaN NaN
Feb 2022 0 NaN NaN
Mar 2022 1079.9771505772203 Infinity Infinity
Apr 2022 1097.0404025024566 1.58 Infinity
May 2022 1102.867059093526 0.53 Infinity
Jun 2022 1105.5940512881446 0.25 Infinity
Jul 2022 1112.3618314172968 0.61 Infinity
Aug 2022 1106.9419800003986 -0.49 Infinity
Sep 2022 1091.120837545877 -1.43 Infinity
Oct 2022 1072.2957497438535 -1.72 Infinity
Nov 2022 1070.714905635143 -0.15 Infinity
Dec 2022 1084.639444867451 1.30 Infinity
Jan 2023 1109.6271419821403 2.30 Infinity
Feb 2023 1109.414439178015 -0.02 Infinity
Mar 2023 1120.2172207164276 0.97 3.73
Apr 2023 1125.8524877949478 0.50 2.63
May 2023 1127.765412502902 0.17 2.26
Jun 2023 1108.2348266591912 -1.73 0.24
Jul 2023 1088.9104247083646 -1.74 -2.11
Aug 2023 1081.197284103754 -0.71 -2.33
Sep 2023 1096.6683175338667 1.43 0.51
Oct 2023 1108.9816714089748 1.12 3.42
Nov 2023 1117.8215501376153 0.80 4.40
Dec 2023 1104.8066955895913 -1.16 1.86
Jan 2024 1097.6609397646373 -0.65 -1.08
Feb 2024 1106.1360528474772 0.77 -0.30
Mar 2024 1122.7399453691567 1.50 0.23
Apr 2024 1142.5274049504378 1.76 1.48
May 2024 1160.4630223792537 1.57 2.90
Jun 2024 1164.676243668123 0.36 5.09
Jul 2024 1173.0705238266637 0.72 7.73
Aug 2024 1167.0911365441677 -0.51 7.94
Sep 2024 1178.168238026246 0.95 7.43
Oct 2024 1188.0854540238552 0.84 7.13
Nov 2024 1222.0727442259433 2.86 9.33
Dec 2024 1218.0672059885514 -0.33 10.25
Jan 2025 1205.387331008609 -1.04 9.81
Feb 2025 1172.1624069135576 -2.76 5.97
Mar 2025 1151.5814646893548 -1.76 2.57
Apr 2025 1134.5646085911842 -1.48 -0.70
May 2025 1124.6495869798625 -0.87 -3.09
Jun 2025 1136.4100914366059 1.05 -2.43
Jul 2025 1145.5393223712044 0.80 -2.35
Aug 2025 1162.4825983407768 1.48 -0.39
Sep 2025 1158.6565783315464 -0.33 -1.66
Oct 2025 1158.5942850265274 0.00 -2.48
Nov 2025 1140.60395132749 -1.55 -6.67
Dec 2025 1159.3639491446015 1.65 -4.82
Jan 2026 1181.6664051031426 1.92 -1.97
Feb 2026 1218.4444444444443 3.11 3.95