Zip Code: 27615 (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 27615 Zip Code (Raleigh, North Carolina) in February 2026 was $1,450.156. The month over month percentage change (MoM) was 0.23%, and the year over year percentage change (YoY) was 0.03%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 27615 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 27615 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: 27615 (Raleigh, North Carolina) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 27615 (Raleigh, North Carolina) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
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Month ZORI ($) 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 0 NaN NaN
Mar 2021 1175.895346136348 Infinity Infinity
Apr 2021 1172.5854714929062 -0.28 Infinity
May 2021 1195.4369300076821 1.95 Infinity
Jun 2021 1215.1858610143909 1.65 Infinity
Jul 2021 1248.7262103958503 2.76 Infinity
Aug 2021 1269.3298903843406 1.65 Infinity
Sep 2021 1285.2026271770883 1.25 Infinity
Oct 2021 1288.0916721700926 0.23 Infinity
Nov 2021 1315.5763400178537 2.13 Infinity
Dec 2021 1326.908641009073 0.86 Infinity
Jan 2022 1336.7660920534422 0.74 Infinity
Feb 2022 1348.6391502796253 0.89 Infinity
Mar 2022 1371.1744860986128 1.67 16.61
Apr 2022 1400.1689323604514 2.12 19.41
May 2022 1421.0192215292468 1.49 18.87
Jun 2022 1442.5989208822994 1.52 18.71
Jul 2022 1444.4082297982247 0.13 15.67
Aug 2022 1435.4155978610258 -0.62 13.09
Sep 2022 1428.1314943628593 -0.51 11.12
Oct 2022 1435.4995944033583 0.52 11.44
Nov 2022 1448.0769313333303 0.88 10.07
Dec 2022 1456.0095322160466 0.55 9.73
Jan 2023 1469.7847307370398 0.95 9.95
Feb 2023 1478.1838680715466 0.57 9.61
Mar 2023 1474.9956417621258 -0.22 7.57
Apr 2023 1464.1241398351447 -0.74 4.57
May 2023 1454.6255636856763 -0.65 2.37
Jun 2023 1452.0566570907774 -0.18 0.66
Jul 2023 1453.2297465908598 0.08 0.61
Aug 2023 1463.9085133229985 0.74 1.99
Sep 2023 1471.1613855185064 0.50 3.01
Oct 2023 1478.182217073213 0.48 2.97
Nov 2023 1461.7721122932223 -1.11 0.95
Dec 2023 1461.8071379130356 0.00 0.40
Jan 2024 1451.9819547539448 -0.67 -1.21
Feb 2024 1448.593203877736 -0.23 -2.00
Mar 2024 1446.8071149929406 -0.12 -1.91
Apr 2024 1455.8538333045751 0.63 -0.56
May 2024 1451.6051239009257 -0.29 -0.21
Jun 2024 1452.2315461331386 0.04 0.01
Jul 2024 1435.2513805496296 -1.17 -1.24
Aug 2024 1438.9745853163965 0.26 -1.70
Sep 2024 1432.353003050567 -0.46 -2.64
Oct 2024 1434.776113233602 0.17 -2.94
Nov 2024 1439.0021359784691 0.30 -1.56
Dec 2024 1446.926881261095 0.55 -1.02
Jan 2025 1455.9270869850152 0.62 0.27
Feb 2025 1449.7969465955357 -0.42 0.08
Mar 2025 1452.1650531708162 0.16 0.37
Apr 2025 1448.3382489304236 -0.26 -0.52
May 2025 1454.1582889219449 0.40 0.18
Jun 2025 1452.6630655998993 -0.10 0.03
Jul 2025 1465.6574659958274 0.90 2.12
Aug 2025 1460.663532017529 -0.34 1.51
Sep 2025 1464.6468077837148 0.27 2.26
Oct 2025 1458.9328643700367 -0.39 1.68
Nov 2025 1460.4057788784207 0.10 1.49
Dec 2025 1452.388840202247 -0.55 0.38
Jan 2026 1446.844434285342 -0.38 -0.62
Feb 2026 1450.1559983896939 0.23 0.03