Zip Code: 28278 (Charlotte, 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 28278 Zip Code (Charlotte, North Carolina) in February 2026 was $1,805.182. The month over month percentage change (MoM) was -0.19%, and the year over year percentage change (YoY) was 0.50%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 28278 zip code (Charlotte, North Carolina). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 28278 zip code (Charlotte, 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: 28278 (Charlotte, North Carolina) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 28278 (Charlotte, North Carolina) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 1108.6677567560344 NaN NaN
Feb 2015 1122.0709855019309 1.21 NaN
Mar 2015 1115.2935018325418 -0.60 NaN
Apr 2015 1119.8564606670582 0.41 NaN
May 2015 1123.8872779341639 0.36 NaN
Jun 2015 1132.584447076779 0.77 NaN
Jul 2015 1137.962483132393 0.48 NaN
Aug 2015 1129.3958257310921 -0.75 NaN
Sep 2015 1139.269379516871 0.87 NaN
Oct 2015 1147.9986632512457 0.77 NaN
Nov 2015 1170.7042065566434 1.98 NaN
Dec 2015 1165.6661332724113 -0.43 NaN
Jan 2016 1159.122034313403 -0.56 4.55
Feb 2016 1149.3370893335125 -0.84 2.43
Mar 2016 1168.140706271772 1.64 4.74
Apr 2016 1173.2079918286277 0.43 4.76
May 2016 1182.6423451211863 0.80 5.23
Jun 2016 1184.533054102989 0.16 4.59
Jul 2016 1188.1973846753522 0.31 4.41
Aug 2016 1202.0038664750095 1.16 6.43
Sep 2016 1201.0538535962664 -0.08 5.42
Oct 2016 1212.8237005166231 0.98 5.65
Nov 2016 1198.7803703623736 -1.16 2.40
Dec 2016 1209.3446783952484 0.88 3.75
Jan 2017 1213.8561816584477 0.37 4.72
Feb 2017 1232.6960694304578 1.55 7.25
Mar 2017 1226.7820405877387 -0.48 5.02
Apr 2017 1220.3659587925604 -0.52 4.02
May 2017 1216.9605145822227 -0.28 2.90
Jun 2017 1225.2766791399072 0.68 3.44
Jul 2017 1233.8982741963114 0.70 3.85
Aug 2017 1243.9126010433679 0.81 3.49
Sep 2017 1245.4954051395348 0.13 3.70
Oct 2017 1233.8760039035833 -0.93 1.74
Nov 2017 1230.0245393668908 -0.31 2.61
Dec 2017 1226.3696312262005 -0.30 1.41
Jan 2018 1248.1625756798724 1.78 2.83
Feb 2018 1254.5874390204717 0.52 1.78
Mar 2018 1264.40041939057 0.78 3.07
Apr 2018 1269.6321978402302 0.41 4.04
May 2018 1263.827699117752 -0.46 3.85
Jun 2018 1268.1204545583403 0.34 3.50
Jul 2018 1270.3186428071813 0.17 2.95
Aug 2018 1272.9505619541944 0.21 2.33
Sep 2018 1278.0764418418053 0.40 2.62
Oct 2018 1271.645843060599 -0.50 3.06
Nov 2018 1286.4046883463168 1.16 4.58
Dec 2018 1293.3893840598503 0.54 5.47
Jan 2019 1299.171130985307 0.45 4.09
Feb 2019 1296.6408889770412 -0.19 3.35
Mar 2019 1297.5228747501876 0.07 2.62
Apr 2019 1304.6424922602532 0.55 2.76
May 2019 1317.6063206978622 0.99 4.26
Jun 2019 1318.120099655587 0.04 3.94
Jul 2019 1319.625897150833 0.11 3.88
Aug 2019 1317.9618543513527 -0.13 3.54
Sep 2019 1320.5851750598786 0.20 3.33
Oct 2019 1335.4517013067577 1.13 5.02
Nov 2019 1334.4743832589572 -0.07 3.74
Dec 2019 1334.831999017563 0.03 3.20
Jan 2020 1324.2105265970588 -0.80 1.93
Feb 2020 1324.4940399172385 0.02 2.15
Mar 2020 1351.5004794444249 2.04 4.16
Apr 2020 1353.2715771963437 0.13 3.73
May 2020 1366.5087371632023 0.98 3.71
Jun 2020 1372.5308441677792 0.44 4.13
Jul 2020 1387.9356826712879 1.12 5.18
Aug 2020 1386.5501639527247 -0.10 5.20
Sep 2020 1389.332154219702 0.20 5.21
Oct 2020 1398.8447791522015 0.69 4.75
Nov 2020 1407.8477306289717 0.64 5.50
Dec 2020 1407.7526557679935 -0.01 5.46
Jan 2021 1418.6146236468817 0.77 7.13
Feb 2021 1436.8126013132617 1.28 8.48
Mar 2021 1455.6025144894725 1.31 7.70
Apr 2021 1484.255399545919 1.97 9.68
May 2021 1498.8093550877263 0.98 9.68
Jun 2021 1527.9562968574237 1.95 11.32
Jul 2021 1536.4663674371284 0.56 10.70
Aug 2021 1558.5414883633446 1.44 12.40
Sep 2021 1575.0653269251861 1.06 13.37
Oct 2021 1587.3485565888107 0.78 13.48
Nov 2021 1623.2422112100664 2.26 15.30
Dec 2021 1658.6467608006349 2.18 17.82
Jan 2022 1689.6998428412428 1.87 19.11
Feb 2022 1679.1892333754795 -0.62 16.87
Mar 2022 1669.428502368783 -0.58 14.69
Apr 2022 1680.8179239737224 0.68 13.24
May 2022 1707.7397180405133 1.60 13.94
Jun 2022 1728.3245518519948 1.21 13.11
Jul 2022 1739.9287054147082 0.67 13.24
Aug 2022 1752.0986121336184 0.70 12.42
Sep 2022 1766.9057800105759 0.85 12.18
Oct 2022 1779.398549814363 0.71 12.10
Nov 2022 1761.8126718269355 -0.99 8.54
Dec 2022 1760.7881726235905 -0.06 6.16
Jan 2023 1756.899102677496 -0.22 3.98
Feb 2023 1782.2690399787302 1.44 6.14
Mar 2023 1797.1403894866955 0.83 7.65
Apr 2023 1788.7421307519605 -0.47 6.42
May 2023 1780.8958409009847 -0.44 4.28
Jun 2023 1771.9168531243395 -0.50 2.52
Jul 2023 1785.3706585859904 0.76 2.61
Aug 2023 1793.977828548382 0.48 2.39
Sep 2023 1781.978103093484 -0.67 0.85
Oct 2023 1789.3937641424789 0.42 0.56
Nov 2023 1795.62568472089 0.35 1.92
Dec 2023 1811.081330870953 0.86 2.86
Jan 2024 1805.504368948499 -0.31 2.77
Feb 2024 1815.1734914382662 0.54 1.85
Mar 2024 1802.189601549322 -0.71 0.28
Apr 2024 1794.3223508548165 -0.44 0.31
May 2024 1785.4607991513171 -0.49 0.26
Jun 2024 1800.7906403595455 0.86 1.63
Jul 2024 1805.3798764174953 0.26 1.12
Aug 2024 1794.1996214204714 -0.62 0.01
Sep 2024 1796.5423066971491 0.13 0.82
Oct 2024 1787.248743912004 -0.52 -0.12
Nov 2024 1803.338356234185 0.90 0.43
Dec 2024 1796.5001190150147 -0.38 -0.80
Jan 2025 1804.728127115114 0.46 -0.04
Feb 2025 1796.1409073010832 -0.48 -1.05
Mar 2025 1807.7850006740061 0.65 0.31
Apr 2025 1820.977340404419 0.73 1.49
May 2025 1831.2038574268443 0.56 2.56
Jun 2025 1823.5645710290707 -0.42 1.26
Jul 2025 1815.1955423847758 -0.46 0.54
Aug 2025 1819.7779946821156 0.25 1.43
Sep 2025 1822.8786386599952 0.17 1.47
Oct 2025 1825.6844687789346 0.15 2.15
Nov 2025 1814.2703062853068 -0.62 0.61
Dec 2025 1812.1906863853083 -0.11 0.87
Jan 2026 1808.5940035104347 -0.20 0.21
Feb 2026 1805.182222222222 -0.19 0.50