Zip Code: 27514 (Chapel Hill, North Carolina) - 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 27514 Zip Code (Chapel Hill, North Carolina) in February 2026 was $1,606.346. The month over month percentage change (MoM) was 1.05%, and the year over year percentage change (YoY) was 4.90%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 27514 zip code (Chapel Hill, North Carolina). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 27514 zip code (Chapel Hill, North Carolina).

You can see similar information for other North Carolina 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: 27514 (Chapel Hill, North Carolina) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 27514 (Chapel Hill, North Carolina) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 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 1035.9889765240553 Infinity Infinity
Nov 2018 1060.0513740288611 2.32 Infinity
Dec 2018 1088.8866495337813 2.72 Infinity
Jan 2019 1078.4689221363026 -0.96 Infinity
Feb 2019 1062.4220742898153 -1.49 Infinity
Mar 2019 1060.2316524969692 -0.21 Infinity
Apr 2019 1075.5008897971043 1.44 Infinity
May 2019 1083.658744606496 0.76 Infinity
Jun 2019 1088.9490136128823 0.49 Infinity
Jul 2019 0 -100.00 NaN
Aug 2019 1090.982318940571 Infinity Infinity
Sep 2019 1104.1215384294214 1.20 Infinity
Oct 2019 1104.4516452622095 0.03 6.61
Nov 2019 1090.6583889867431 -1.25 2.89
Dec 2019 1084.7794928640947 -0.54 -0.38
Jan 2020 1102.0061668679814 1.59 2.18
Feb 2020 1133.8736178148688 2.89 6.73
Mar 2020 1154.8759007596589 1.85 8.93
Apr 2020 1154.7312763912598 -0.01 7.37
May 2020 1156.8126153808796 0.18 6.75
Jun 2020 1157.6023847738809 0.07 6.31
Jul 2020 1170.2611217133206 1.09 Infinity
Aug 2020 1167.9543900544409 -0.20 7.06
Sep 2020 1152.7753553944674 -1.30 4.41
Oct 2020 1168.7945832780845 1.39 5.83
Nov 2020 1175.4776029384302 0.57 7.78
Dec 2020 1219.0647910424407 3.71 12.38
Jan 2021 1223.6448174251843 0.38 11.04
Feb 2021 1226.2714954422493 0.22 8.15
Mar 2021 1200.6933523811163 -2.09 3.97
Apr 2021 1206.2997602522928 0.47 4.47
May 2021 1208.744396588177 0.20 4.49
Jun 2021 1230.2633289529365 1.78 6.28
Jul 2021 1242.765113183796 1.02 6.20
Aug 2021 1275.9173365285774 2.67 9.24
Sep 2021 1312.9985441883357 2.91 13.90
Oct 2021 1330.8188440823026 1.36 13.86
Nov 2021 1343.088364672904 0.92 14.26
Dec 2021 1334.4011917247315 -0.65 9.46
Jan 2022 1356.473527416059 1.65 10.86
Feb 2022 1377.1373895397207 1.52 12.30
Mar 2022 1404.462753201261 1.98 16.97
Apr 2022 1421.2368972285517 1.19 17.82
May 2022 1442.7070654095405 1.51 19.36
Jun 2022 1464.1247593793441 1.49 19.01
Jul 2022 1477.3693457565764 0.91 18.88
Aug 2022 1480.82650578327 0.23 16.06
Sep 2022 1488.0802291601567 0.49 13.33
Oct 2022 1474.4984012066627 -0.91 10.80
Nov 2022 1476.4927319538012 0.14 9.93
Dec 2022 1479.8109035721188 0.23 10.90
Jan 2023 1483.5210999388974 0.25 9.37
Feb 2023 1484.8824873618557 0.09 7.82
Mar 2023 1504.7143568730503 1.34 7.14
Apr 2023 1511.836298776318 0.47 6.38
May 2023 1518.6131166353223 0.45 5.26
Jun 2023 1504.1960272466413 -0.95 2.74
Jul 2023 1527.8226376146602 1.57 3.42
Aug 2023 1530.6045011809308 0.18 3.36
Sep 2023 1514.3138130981542 -1.06 1.76
Oct 2023 1509.203103626139 -0.34 2.35
Nov 2023 1506.0363096801082 -0.21 2.00
Dec 2023 1525.8880489563467 1.32 3.11
Jan 2024 1527.3734446033686 0.10 2.96
Feb 2024 1533.39473440652 0.39 3.27
Mar 2024 1510.9318007073557 -1.46 0.41
Apr 2024 1509.2176262045857 -0.11 -0.17
May 2024 1509.3662341451695 0.01 -0.61
Jun 2024 1513.571749171104 0.28 0.62
Jul 2024 1511.8285974266498 -0.11 -1.05
Aug 2024 1496.95191615976 -0.98 -2.20
Sep 2024 1505.062673217591 0.54 -0.61
Oct 2024 1508.5494719798303 0.23 -0.04
Nov 2024 1534.6348042017066 1.73 1.90
Dec 2024 1533.5205915367458 -0.07 0.50
Jan 2025 1543.6769611637455 0.66 1.07
Feb 2025 1531.3576998315784 -0.80 -0.13
Mar 2025 1544.1445591155862 0.84 2.20
Apr 2025 1548.442742491821 0.28 2.60
May 2025 1550.7059852688935 0.15 2.74
Jun 2025 1559.5141258788844 0.57 3.04
Jul 2025 1556.930926284972 -0.17 2.98
Aug 2025 1575.6637834313385 1.20 5.26
Sep 2025 1584.651253189089 0.57 5.29
Oct 2025 1596.9353772883887 0.78 5.86
Nov 2025 1587.5058032704794 -0.59 3.45
Dec 2025 1589.0307430176645 0.10 3.62
Jan 2026 1589.7327603170334 0.04 2.98
Feb 2026 1606.3464240102173 1.05 4.90