Zip Code: 19121 (Philadelphia, Pennsylvania) - 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 19121 Zip Code (Philadelphia, Pennsylvania) in February 2026 was $1,673.505. The month over month percentage change (MoM) was 0.38%, and the year over year percentage change (YoY) was 3.15%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 19121 zip code (Philadelphia, Pennsylvania). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 19121 zip code (Philadelphia, Pennsylvania).

You can see similar information for other Pennsylvania 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: 19121 (Philadelphia, Pennsylvania) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 19121 (Philadelphia, Pennsylvania) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 1165.3826984234065 NaN NaN
Feb 2015 1149.0504629926827 -1.40 NaN
Mar 2015 1152.146017274534 0.27 NaN
Apr 2015 1149.8578244482876 -0.20 NaN
May 2015 1168.237219043115 1.60 NaN
Jun 2015 1188.0977620328144 1.70 NaN
Jul 2015 1210.297773716764 1.87 NaN
Aug 2015 1208.278664921326 -0.17 NaN
Sep 2015 1206.0990092624943 -0.18 NaN
Oct 2015 1200.56894001337 -0.46 NaN
Nov 2015 1198.8275399410797 -0.14 NaN
Dec 2015 1200.702394326514 0.16 NaN
Jan 2016 1183.282235397844 -1.45 1.54
Feb 2016 1196.4838755759147 1.12 4.13
Mar 2016 1203.2384988573517 0.56 4.43
Apr 2016 1228.9153366496234 2.13 6.88
May 2016 1234.952670846032 0.49 5.71
Jun 2016 1238.766937616985 0.31 4.26
Jul 2016 1229.1039858420343 -0.78 1.55
Aug 2016 1226.6414139004144 -0.20 1.52
Sep 2016 1199.3539838228667 -2.22 -0.56
Oct 2016 1196.066365044994 -0.27 -0.37
Nov 2016 1192.0960917925233 -0.33 -0.56
Dec 2016 1227.330153118403 2.96 2.22
Jan 2017 1243.2582456516798 1.30 5.07
Feb 2017 1255.3103664896246 0.97 4.92
Mar 2017 1250.5598220322609 -0.38 3.93
Apr 2017 1245.9494250443254 -0.37 1.39
May 2017 1240.5067376841193 -0.44 0.45
Jun 2017 1221.61426368531 -1.52 -1.38
Jul 2017 1225.2447639534923 0.30 -0.31
Aug 2017 1239.4025598851624 1.16 1.04
Sep 2017 1272.7084246075326 2.69 6.12
Oct 2017 1284.062897934836 0.89 7.36
Nov 2017 1296.8008032048936 0.99 8.78
Dec 2017 1291.15174975637 -0.44 5.20
Jan 2018 1308.6490664640173 1.36 5.26
Feb 2018 1303.5570464466416 -0.39 3.84
Mar 2018 1297.3621028475225 -0.47 3.74
Apr 2018 1299.1033929299724 0.13 4.27
May 2018 1314.4327240119794 1.18 5.96
Jun 2018 1336.0385953336386 1.64 9.37
Jul 2018 1341.028309139935 0.37 9.45
Aug 2018 1344.384793359808 0.25 8.47
Sep 2018 1361.9581292155642 1.31 7.01
Oct 2018 1362.5547950896719 0.04 6.11
Nov 2018 1359.4114654222733 -0.23 4.83
Dec 2018 1345.9688846665338 -0.99 4.25
Jan 2019 1340.208738290033 -0.43 2.41
Feb 2019 1357.287492466467 1.27 4.12
Mar 2019 1373.9467138190248 1.23 5.90
Apr 2019 1380.465444842098 0.47 6.26
May 2019 1379.8471767484796 -0.04 4.98
Jun 2019 1381.2787384544554 0.10 3.39
Jul 2019 1386.5566257277292 0.38 3.40
Aug 2019 1386.3520788202638 -0.01 3.12
Sep 2019 1370.570989317158 -1.14 0.63
Oct 2019 1374.0084419963443 0.25 0.84
Nov 2019 1379.5940006349786 0.41 1.49
Dec 2019 1393.059690959761 0.98 3.50
Jan 2020 1393.9067918713288 0.06 4.01
Feb 2020 1387.5072992115283 -0.46 2.23
Mar 2020 1400.156484351837 0.91 1.91
Apr 2020 1402.5126093410022 0.17 1.60
May 2020 1402.1866675003641 -0.02 1.62
Jun 2020 1395.5942936548408 -0.47 1.04
Jul 2020 1399.403118165288 0.27 0.93
Aug 2020 1414.905205538858 1.11 2.06
Sep 2020 1414.2847535164756 -0.04 3.19
Oct 2020 1401.3680330112932 -0.91 1.99
Nov 2020 1396.174175719316 -0.37 1.20
Dec 2020 1408.9755058746025 0.92 1.14
Jan 2021 1427.311351353889 1.30 2.40
Feb 2021 1431.2366835276816 0.28 3.15
Mar 2021 1420.9162494640198 -0.72 1.48
Apr 2021 1421.8751459684477 0.07 1.38
May 2021 1435.2880774167613 0.94 2.36
Jun 2021 1439.7133993336163 0.31 3.16
Jul 2021 1448.4142124473794 0.60 3.50
Aug 2021 1444.269316491232 -0.29 2.08
Sep 2021 1451.7879943280282 0.52 2.65
Oct 2021 1455.7449894221268 0.27 3.88
Nov 2021 1468.2996196134225 0.86 5.17
Dec 2021 1484.5556409428682 1.11 5.36
Jan 2022 1489.0077462575043 0.30 4.32
Feb 2022 1497.0275344015754 0.54 4.60
Mar 2022 1493.883433365851 -0.21 5.14
Apr 2022 1503.7434535331024 0.66 5.76
May 2022 1499.3007586449114 -0.29 4.46
Jun 2022 1515.0222577699062 1.05 5.23
Jul 2022 1507.9479706132233 -0.47 4.11
Aug 2022 1511.1076368509912 0.21 4.63
Sep 2022 1505.4637310480048 -0.37 3.70
Oct 2022 1512.222931204033 0.45 3.88
Nov 2022 1501.9227858616587 -0.68 2.29
Dec 2022 1488.7970431409458 -0.87 0.29
Jan 2023 1490.0170299223703 0.08 0.07
Feb 2023 1489.1039544106386 -0.06 -0.53
Mar 2023 1510.4961124948015 1.44 1.11
Apr 2023 1522.582266665644 0.80 1.25
May 2023 1526.332542610574 0.25 1.80
Jun 2023 1506.3512809598863 -1.31 -0.57
Jul 2023 1495.482742189199 -0.72 -0.83
Aug 2023 1502.0147541360932 0.44 -0.60
Sep 2023 1523.1708927081836 1.41 1.18
Oct 2023 1532.0187338827727 0.58 1.31
Nov 2023 1539.0438127298871 0.46 2.47
Dec 2023 1532.798275931524 -0.41 2.96
Jan 2024 1538.1199236933728 0.35 3.23
Feb 2024 1544.5125233975966 0.42 3.72
Mar 2024 1556.567980272203 0.78 3.05
Apr 2024 1554.9935260465902 -0.10 2.13
May 2024 1560.9235019017294 0.38 2.27
Jun 2024 1560.5501392405388 -0.02 3.60
Jul 2024 1563.1557044606807 0.17 4.53
Aug 2024 1582.8364730556993 1.26 5.38
Sep 2024 1583.2844202940294 0.03 3.95
Oct 2024 1597.3049466885302 0.89 4.26
Nov 2024 1604.7845828344646 0.47 4.27
Dec 2024 1612.2657651589125 0.47 5.18
Jan 2025 1619.7128245044694 0.46 5.31
Feb 2025 1622.4770267172328 0.17 5.05
Mar 2025 1614.9548531594062 -0.46 3.75
Apr 2025 1619.9531881456849 0.31 4.18
May 2025 1625.795449913188 0.36 4.16
Jun 2025 1644.3258102258467 1.14 5.37
Jul 2025 1660.7514109445458 1.00 6.24
Aug 2025 1653.1378096163285 -0.46 4.44
Sep 2025 1654.6712064917845 0.09 4.51
Oct 2025 1649.2742882491843 -0.33 3.25
Nov 2025 1653.183657950039 0.24 3.02
Dec 2025 1664.3288319059623 0.67 3.23
Jan 2026 1667.2235383527895 0.17 2.93
Feb 2026 1673.5049857549857 0.38 3.15