Zip Code: 27517 (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 27517 Zip Code (Chapel Hill, North Carolina) in February 2026 was $1,664.529. The month over month percentage change (MoM) was -0.63%, and the year over year percentage change (YoY) was -4.85%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 27517 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 27517 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: 27517 (Chapel Hill, North Carolina) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 27517 (Chapel Hill, North Carolina) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 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 1349.1943867102352 Infinity Infinity
Mar 2021 1316.3013111234304 -2.44 Infinity
Apr 2021 1344.476873400749 2.14 Infinity
May 2021 1370.8722600731855 1.96 Infinity
Jun 2021 1418.7120381881987 3.49 Infinity
Jul 2021 1449.2912860949798 2.15 Infinity
Aug 2021 1478.344982384777 2.01 Infinity
Sep 2021 1496.8250700873893 1.25 Infinity
Oct 2021 1507.5542154520651 0.72 Infinity
Nov 2021 1527.3984666108308 1.32 Infinity
Dec 2021 1553.3995029010027 1.70 Infinity
Jan 2022 1555.5249949366657 0.14 Infinity
Feb 2022 1575.557510549268 1.29 16.78
Mar 2022 1594.007552007431 1.17 21.10
Apr 2022 1607.8224229664797 0.87 19.59
May 2022 1621.1446467672736 0.83 18.26
Jun 2022 1615.0605770658967 -0.37 13.84
Jul 2022 1622.6275924587271 0.47 11.96
Aug 2022 1619.348625121886 -0.20 9.54
Sep 2022 1630.5212821796697 0.69 8.93
Oct 2022 1634.720716972843 0.26 8.44
Nov 2022 1638.9566908346376 0.26 7.30
Dec 2022 1582.040190509976 -3.47 1.84
Jan 2023 1600.8669524826464 1.19 2.92
Feb 2023 1607.3092688457318 0.40 2.02
Mar 2023 1678.3974668462815 4.42 5.29
Apr 2023 1679.2033913806565 0.05 4.44
May 2023 1683.761813901833 0.27 3.86
Jun 2023 1681.7844203331201 -0.12 4.13
Jul 2023 1681.4553253121135 -0.02 3.63
Aug 2023 1682.704098252355 0.07 3.91
Sep 2023 1697.824269181068 0.90 4.13
Oct 2023 1701.728293821179 0.23 4.10
Nov 2023 1709.9492691137546 0.48 4.33
Dec 2023 1716.3199380623585 0.37 8.49
Jan 2024 1704.0163423626416 -0.72 6.44
Feb 2024 1693.4404452840563 -0.62 5.36
Mar 2024 1671.5620658892474 -1.29 -0.41
Apr 2024 1669.5136142227323 -0.12 -0.58
May 2024 1670.1228191317155 0.04 -0.81
Jun 2024 1676.9865901160756 0.41 -0.28
Jul 2024 1689.4997057170349 0.75 0.48
Aug 2024 1704.2932367038597 0.88 1.28
Sep 2024 1704.8397575100214 0.03 0.41
Oct 2024 1704.7000350038215 -0.01 0.18
Nov 2024 1712.1011646399709 0.43 0.13
Dec 2024 1730.2577550547776 1.06 0.81
Jan 2025 1741.9611061973999 0.68 2.23
Feb 2025 1749.3256952485622 0.42 3.30
Mar 2025 1736.70802369725 -0.72 3.90
Apr 2025 1741.8181878804994 0.29 4.33
May 2025 1742.087498139088 0.02 4.31
Jun 2025 1742.4982753587792 0.02 3.91
Jul 2025 1734.306447437367 -0.47 2.65
Aug 2025 1724.4513058290759 -0.57 1.18
Sep 2025 1715.056214795539 -0.55 0.60
Oct 2025 1711.527294646275 -0.21 0.40
Nov 2025 1698.3730755266745 -0.77 -0.80
Dec 2025 1688.1184841702911 -0.60 -2.43
Jan 2026 1675.0519089725447 -0.77 -3.84
Feb 2026 1664.5294795783927 -0.63 -4.85