Zip Code: 27605 (Raleigh, 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 27605 Zip Code (Raleigh, North Carolina) in February 2026 was $1,650.714. The month over month percentage change (MoM) was 1.06%, and the year over year percentage change (YoY) was -0.13%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 27605 zip code (Raleigh, North Carolina). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 27605 zip code (Raleigh, 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: 27605 (Raleigh, North Carolina) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 27605 (Raleigh, North Carolina) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 1221.1828984521785 Infinity Infinity
Jan 2019 1231.0919891537399 0.81 Infinity
Feb 2019 1236.3550102550992 0.43 Infinity
Mar 2019 1242.0078146373426 0.46 Infinity
Apr 2019 1249.5654796156277 0.61 Infinity
May 2019 1249.6034643679611 0.00 Infinity
Jun 2019 1254.1130618693358 0.36 Infinity
Jul 2019 1246.661586817731 -0.59 Infinity
Aug 2019 1252.3734035372333 0.46 Infinity
Sep 2019 1262.4794497885596 0.81 Infinity
Oct 2019 1282.7775884489763 1.61 Infinity
Nov 2019 1299.1821276262094 1.28 Infinity
Dec 2019 1302.8218350939255 0.28 6.69
Jan 2020 1309.4432562066293 0.51 6.36
Feb 2020 1306.1469389581282 -0.25 5.65
Mar 2020 1308.377514685554 0.17 5.34
Apr 2020 1296.5382426624442 -0.90 3.76
May 2020 1286.4288985249016 -0.78 2.95
Jun 2020 1268.8268181574392 -1.37 1.17
Jul 2020 1267.5493104581692 -0.10 1.68
Aug 2020 1268.315405977715 0.06 1.27
Sep 2020 1281.6982783022663 1.06 1.52
Oct 2020 1285.3053526767226 0.28 0.20
Nov 2020 1291.1484102643853 0.46 -0.62
Dec 2020 1274.27334781894 -1.31 -2.19
Jan 2021 1267.210362687177 -0.55 -3.22
Feb 2021 1267.0463080008833 -0.01 -2.99
Mar 2021 1285.247072670553 1.44 -1.77
Apr 2021 1313.278841370286 2.18 1.29
May 2021 1334.8937692001034 1.65 3.77
Jun 2021 1376.3857785276623 3.11 8.48
Jul 2021 1409.8773739285998 2.43 11.23
Aug 2021 1444.6040965268098 2.46 13.90
Sep 2021 1461.4216307654488 1.16 14.02
Oct 2021 1500.8525905622705 2.70 16.77
Nov 2021 1515.8015232694906 1.00 17.40
Dec 2021 1546.9116908749786 2.05 21.40
Jan 2022 1558.9347935558237 0.78 23.02
Feb 2022 1600.8722663984902 2.69 26.35
Mar 2022 1618.0296328066663 1.07 25.89
Apr 2022 1623.1497429134747 0.32 23.60
May 2022 1638.3450616672822 0.94 22.73
Jun 2022 1648.135163065058 0.60 19.74
Jul 2022 1663.2846083625923 0.92 17.97
Aug 2022 1643.3340751672717 -1.20 13.76
Sep 2022 1648.6643369760518 0.32 12.81
Oct 2022 1635.3682764466882 -0.81 8.96
Nov 2022 1647.045456858814 0.71 8.66
Dec 2022 1639.7390385515862 -0.44 6.00
Jan 2023 1641.0113666186428 0.08 5.27
Feb 2023 1623.599674750664 -1.06 1.42
Mar 2023 1633.109470227959 0.59 0.93
Apr 2023 1642.8388888495122 0.60 1.21
May 2023 1646.476647624315 0.22 0.50
Jun 2023 1647.3078735682009 0.05 -0.05
Jul 2023 1641.1087264686105 -0.38 -1.33
Aug 2023 1654.5557260558865 0.82 0.68
Sep 2023 1643.2690537510225 -0.68 -0.33
Oct 2023 1649.6947338520765 0.39 0.88
Nov 2023 1663.105103438557 0.81 0.98
Dec 2023 1667.1852443902817 0.25 1.67
Jan 2024 1651.1631018790315 -0.96 0.62
Feb 2024 1623.2211405365251 -1.69 -0.02
Mar 2024 1620.725048085626 -0.15 -0.76
Apr 2024 1627.14758470296 0.40 -0.95
May 2024 1614.4259896131973 -0.78 -1.95
Jun 2024 1596.7964769289076 -1.09 -3.07
Jul 2024 1602.8938633783625 0.38 -2.33
Aug 2024 1616.557409402756 0.85 -2.30
Sep 2024 1628.4267212075201 0.73 -0.90
Oct 2024 1615.8417857662023 -0.77 -2.05
Nov 2024 1617.8024988591626 0.12 -2.72
Dec 2024 1633.528451408379 0.97 -2.02
Jan 2025 1655.1493246726227 1.32 0.24
Feb 2025 1652.8200898606299 -0.14 1.82
Mar 2025 1651.9087206172883 -0.05 1.92
Apr 2025 1645.241601638838 -0.40 1.11
May 2025 1653.7421849892858 0.52 2.44
Jun 2025 1667.4577086249203 0.83 4.43
Jul 2025 1665.171282522585 -0.14 3.89
Aug 2025 1653.9946204975156 -0.67 2.32
Sep 2025 1651.411969295244 -0.16 1.41
Oct 2025 1661.8610979833709 0.63 2.85
Nov 2025 1653.6509541128773 -0.49 2.22
Dec 2025 1641.8685593816122 -0.71 0.51
Jan 2026 1633.4195579457235 -0.51 -1.31
Feb 2026 1650.7142857142856 1.06 -0.13