Zip Code: 23704 (Portsmouth, Virginia) - 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 23704 Zip Code (Portsmouth, Virginia) in February 2026 was $1,532.476. The month over month percentage change (MoM) was 0.09%, and the year over year percentage change (YoY) was 5.15%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 23704 zip code (Portsmouth, Virginia). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 23704 zip code (Portsmouth, Virginia).

You can see similar information for other Virginia 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: 23704 (Portsmouth, Virginia) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 23704 (Portsmouth, Virginia) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 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 911.9825221554964 Infinity Infinity
May 2016 912.7529980359423 0.08 Infinity
Jun 2016 911.6704065077699 -0.12 Infinity
Jul 2016 909.1557783518499 -0.28 Infinity
Aug 2016 912.9711813389843 0.42 Infinity
Sep 2016 918.3997446422171 0.60 Infinity
Oct 2016 919.3979995221266 0.11 Infinity
Nov 2016 914.0063534362098 -0.59 Infinity
Dec 2016 913.319263985282 -0.07 Infinity
Jan 2017 925.186545557608 1.30 Infinity
Feb 2017 926.0221088917327 0.09 Infinity
Mar 2017 935.1806515562848 0.99 Infinity
Apr 2017 937.496471734648 0.25 2.80
May 2017 945.8269345483949 0.89 3.62
Jun 2017 952.3741803411838 0.69 4.47
Jul 2017 945.631750867533 -0.71 4.01
Aug 2017 939.6603185265589 -0.63 2.92
Sep 2017 928.2211641927181 -1.22 1.07
Oct 2017 934.0887388455862 0.63 1.60
Nov 2017 946.6785362327211 1.35 3.58
Dec 2017 961.8360316787462 1.60 5.31
Jan 2018 947.4206015705848 -1.50 2.40
Feb 2018 945.8461428646596 -0.17 2.14
Mar 2018 944.459724024649 -0.15 0.99
Apr 2018 961.1385655579537 1.77 2.52
May 2018 961.8146823434032 0.07 1.69
Jun 2018 956.1910884497685 -0.58 0.40
Jul 2018 963.8854294956889 0.81 1.93
Aug 2018 971.914008579337 0.83 3.43
Sep 2018 979.8655612575405 0.82 5.56
Oct 2018 975.9587648543924 -0.40 4.48
Nov 2018 977.3060208588468 0.14 3.24
Dec 2018 0 -100.00 -100.00
Jan 2019 980.2869682428021 Infinity 3.47
Feb 2019 981.1978865879497 0.09 3.74
Mar 2019 983.6791267136288 0.25 4.15
Apr 2019 975.2914308748034 -0.85 1.47
May 2019 977.4604483011035 0.22 1.63
Jun 2019 986.1742238458486 0.89 3.14
Jul 2019 992.108827178602 0.60 2.93
Aug 2019 996.6182901874222 0.46 2.54
Sep 2019 1004.1052166728452 0.75 2.47
Oct 2019 1013.7575976837687 0.96 3.87
Nov 2019 1018.7270426947116 0.49 4.24
Dec 2019 1023.423680044934 0.46 Infinity
Jan 2020 1038.4289020383906 1.47 5.93
Feb 2020 1051.813612183864 1.29 7.20
Mar 2020 1041.879728418316 -0.94 5.92
Apr 2020 1051.2282693536315 0.90 7.79
May 2020 1057.5185147650523 0.60 8.19
Jun 2020 1050.622387713468 -0.65 6.54
Jul 2020 1056.929297224329 0.60 6.53
Aug 2020 1069.7166100151162 1.21 7.34
Sep 2020 1075.813858806723 0.57 7.14
Oct 2020 1080.5969591349365 0.45 6.59
Nov 2020 1082.2920646143268 0.16 6.24
Dec 2020 1092.2777689081686 0.92 6.73
Jan 2021 1111.9919015802404 1.81 7.08
Feb 2021 1122.1844218783046 0.92 6.69
Mar 2021 1125.2359590162264 0.27 8.00
Apr 2021 1122.0230046967092 -0.29 6.73
May 2021 1129.81747650606 0.70 6.84
Jun 2021 1139.8482571052089 0.89 8.49
Jul 2021 1147.7634321646033 0.69 8.59
Aug 2021 1163.3006254990496 1.35 8.75
Sep 2021 1177.873695647496 1.25 9.49
Oct 2021 1190.9565818329345 1.11 10.21
Nov 2021 1198.1421237631007 0.60 10.70
Dec 2021 1202.3418874196136 0.35 10.08
Jan 2022 1199.4767142789067 -0.24 7.87
Feb 2022 1201.262358000477 0.15 7.05
Mar 2022 1214.6898022510932 1.12 7.95
Apr 2022 1235.7389898045265 1.73 10.14
May 2022 1247.6441214068188 0.96 10.43
Jun 2022 1267.9018471119768 1.62 11.23
Jul 2022 1273.8615212118543 0.47 10.99
Aug 2022 1273.6988832999125 -0.01 9.49
Sep 2022 1272.3327322409416 -0.11 8.02
Oct 2022 1277.5782217443038 0.41 7.27
Nov 2022 1286.9124869325792 0.73 7.41
Dec 2022 1300.0577409908574 1.02 8.13
Jan 2023 1311.489763951543 0.88 9.34
Feb 2023 1334.002352458476 1.72 11.05
Mar 2023 1341.273792197484 0.55 10.42
Apr 2023 1337.2744861472625 -0.30 8.22
May 2023 1336.873795183883 -0.03 7.15
Jun 2023 1332.4599452779853 -0.33 5.09
Jul 2023 1351.6418161499723 1.44 6.11
Aug 2023 1365.1530653168709 1.00 7.18
Sep 2023 1379.7308929236626 1.07 8.44
Oct 2023 1383.8386994930922 0.30 8.32
Nov 2023 1378.3582672979996 -0.40 7.11
Dec 2023 1382.3941259006872 0.29 6.33
Jan 2024 1391.8285950888783 0.68 6.13
Feb 2024 1392.3645131294086 0.04 4.38
Mar 2024 1392.2106470882645 -0.01 3.80
Apr 2024 1384.5276551680727 -0.55 3.53
May 2024 1400.2392876112706 1.14 4.74
Jun 2024 1418.2803335683964 1.29 6.44
Jul 2024 1424.2326891229304 0.42 5.37
Aug 2024 1414.5513932036113 -0.68 3.62
Sep 2024 1408.6186503228635 -0.42 2.09
Oct 2024 1418.9225836597307 0.73 2.54
Nov 2024 1445.6866525692938 1.89 4.89
Dec 2024 1439.5767942888479 -0.42 4.14
Jan 2025 1447.861826617773 0.58 4.03
Feb 2025 1457.3733891489164 0.66 4.67
Mar 2025 1467.7351397129694 0.71 5.43
Apr 2025 1487.9981447944035 1.38 7.47
May 2025 1489.2855920722977 0.09 6.36
Jun 2025 1488.6360741381425 -0.04 4.96
Jul 2025 1488.6326136827906 0.00 4.52
Aug 2025 1504.864241060745 1.09 6.39
Sep 2025 1517.8301071361304 0.86 7.75
Oct 2025 1521.4673519345104 0.24 7.23
Nov 2025 1515.7406795032823 -0.38 4.85
Dec 2025 1530.349676571511 0.96 6.31
Jan 2026 1531.149275579167 0.05 5.75
Feb 2026 1532.4764309764312 0.09 5.15