Zip Code: 33132 (Miami, Florida) - 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 33132 Zip Code (Miami, Florida) in February 2026 was $3,390.929. The month over month percentage change (MoM) was -0.25%, and the year over year percentage change (YoY) was 0.76%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 33132 zip code (Miami, Florida). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 33132 zip code (Miami, Florida).

You can see similar information for other Florida 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: 33132 (Miami, Florida) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 33132 (Miami, Florida) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 1985.0168588571596 NaN NaN
Feb 2015 1997.046306059468 0.61 NaN
Mar 2015 2005.305308083381 0.41 NaN
Apr 2015 2010.2868923122726 0.25 NaN
May 2015 2022.9466119773447 0.63 NaN
Jun 2015 2054.538030853473 1.56 NaN
Jul 2015 2049.2824146254807 -0.26 NaN
Aug 2015 2053.54509191983 0.21 NaN
Sep 2015 2040.005112577121 -0.66 NaN
Oct 2015 2047.7489340549864 0.38 NaN
Nov 2015 2057.2814567184423 0.47 NaN
Dec 2015 2081.9795524766114 1.20 NaN
Jan 2016 2072.485118264139 -0.46 4.41
Feb 2016 2074.5641237761615 0.10 3.88
Mar 2016 2055.081129821366 -0.94 2.48
Apr 2016 2063.491211697363 0.41 2.65
May 2016 2039.5452069204675 -1.16 0.82
Jun 2016 2016.1143836702302 -1.15 -1.87
Jul 2016 2015.7541146647975 -0.02 -1.64
Aug 2016 2013.2471000709227 -0.12 -1.96
Sep 2016 2024.169637966522 0.54 -0.78
Oct 2016 2020.9616774500757 -0.16 -1.31
Nov 2016 2013.5699700646926 -0.37 -2.12
Dec 2016 2013.3286136197494 -0.01 -3.30
Jan 2017 2014.5960930881579 0.06 -2.79
Feb 2017 2021.223989275111 0.33 -2.57
Mar 2017 2020.930513788006 -0.01 -1.66
Apr 2017 2026.4127457353993 0.27 -1.80
May 2017 2045.8994905413294 0.96 0.31
Jun 2017 2042.2963783058412 -0.18 1.30
Jul 2017 2034.773320935913 -0.37 0.94
Aug 2017 2028.9821082535059 -0.28 0.78
Sep 2017 2045.583580746224 0.82 1.06
Oct 2017 2045.0962413943166 -0.02 1.19
Nov 2017 2043.9930714175687 -0.05 1.51
Dec 2017 2028.3164056069447 -0.77 0.74
Jan 2018 2024.8576610781738 -0.17 0.51
Feb 2018 2020.9323095437533 -0.19 -0.01
Mar 2018 2024.3966514955098 0.17 0.17
Apr 2018 2034.3021548826368 0.49 0.39
May 2018 2034.4927659463242 0.01 -0.56
Jun 2018 2051.035767069419 0.81 0.43
Jul 2018 2065.0724120469513 0.68 1.49
Aug 2018 2076.1970971318187 0.54 2.33
Sep 2018 2059.447895577258 -0.81 0.68
Oct 2018 2054.472116494052 -0.24 0.46
Nov 2018 2058.608682900253 0.20 0.72
Dec 2018 2068.647722035242 0.49 1.99
Jan 2019 2095.4910922924646 1.30 3.49
Feb 2019 2101.6899290309602 0.30 4.00
Mar 2019 2109.1214750842405 0.35 4.18
Apr 2019 2103.4639933099575 -0.27 3.40
May 2019 2104.543984104519 0.05 3.44
Jun 2019 2103.383282264302 -0.05 2.55
Jul 2019 2102.7477745699507 -0.03 1.82
Aug 2019 2103.7243734680897 0.05 1.33
Sep 2019 2112.8130178556758 0.43 2.59
Oct 2019 2123.1131163184014 0.49 3.34
Nov 2019 2127.0927790515975 0.19 3.33
Dec 2019 2131.342599162026 0.20 3.03
Jan 2020 2116.802220122245 -0.68 1.02
Feb 2020 2116.595299281445 -0.01 0.71
Mar 2020 2109.0273871364293 -0.36 0.00
Apr 2020 2092.680718276645 -0.77 -0.51
May 2020 2089.0438638841892 -0.17 -0.74
Jun 2020 2088.564848072247 -0.02 -0.70
Jul 2020 2103.7168006916963 0.73 0.05
Aug 2020 2095.204236618768 -0.40 -0.40
Sep 2020 2085.987055181283 -0.44 -1.27
Oct 2020 2077.2731948617084 -0.42 -2.16
Nov 2020 2081.0966061033187 0.18 -2.16
Dec 2020 2105.524646895852 1.17 -1.21
Jan 2021 2133.445675238182 1.33 0.79
Feb 2021 2191.404659830307 2.72 3.53
Mar 2021 2221.116051467768 1.36 5.32
Apr 2021 2252.326454129415 1.41 7.63
May 2021 2297.278965869534 2.00 9.97
Jun 2021 2342.7036253683186 1.98 12.17
Jul 2021 2445.292531722901 4.38 16.24
Aug 2021 2534.7648623547416 3.66 20.98
Sep 2021 2601.6638444302835 2.64 24.72
Oct 2021 2670.412821940142 2.64 28.55
Nov 2021 2766.209325873569 3.59 32.92
Dec 2021 2833.6982266604386 2.44 34.58
Jan 2022 2889.387778759045 1.97 35.43
Feb 2022 2913.3158106330598 0.83 32.94
Mar 2022 3014.9817044806787 3.49 35.74
Apr 2022 3102.940331534672 2.92 37.77
May 2022 3160.507761529821 1.86 37.58
Jun 2022 3217.4101090019935 1.80 37.34
Jul 2022 3217.3429885966684 0.00 31.57
Aug 2022 3227.726873989008 0.32 27.34
Sep 2022 3244.296825773793 0.51 24.70
Oct 2022 3253.6086132210257 0.29 21.84
Nov 2022 3236.3391301907463 -0.53 17.00
Dec 2022 3243.8360286008124 0.23 14.47
Jan 2023 3246.1028369675473 0.07 12.35
Feb 2023 3255.8826189049896 0.30 11.76
Mar 2023 3232.956276122636 -0.70 7.23
Apr 2023 3228.7045607440914 -0.13 4.05
May 2023 3222.5684267800702 -0.19 1.96
Jun 2023 3211.4039661664515 -0.35 -0.19
Jul 2023 3184.7020133232454 -0.83 -1.01
Aug 2023 3184.845139889539 0.00 -1.33
Sep 2023 3191.660852335668 0.21 -1.62
Oct 2023 3209.856718515385 0.57 -1.34
Nov 2023 3228.6120503961965 0.58 -0.24
Dec 2023 3242.548959947447 0.43 -0.04
Jan 2024 3257.2862586323968 0.45 0.35
Feb 2024 3264.7555739790014 0.23 0.27
Mar 2024 3262.3704280125758 -0.07 0.91
Apr 2024 3263.5309201177247 0.04 1.08
May 2024 3267.6458300696595 0.13 1.40
Jun 2024 3291.0318775585947 0.72 2.48
Jul 2024 3311.2635087057197 0.62 3.97
Aug 2024 3333.9531775690057 0.69 4.68
Sep 2024 3346.19149174424 0.37 4.84
Oct 2024 3346.7555322583903 0.02 4.26
Nov 2024 3343.0940369426835 -0.11 3.55
Dec 2024 3348.338265118816 0.16 3.26
Jan 2025 3352.2655317392737 0.12 2.92
Feb 2025 3365.368311396479 0.39 3.08
Mar 2025 3382.2500989998052 0.50 3.68
Apr 2025 3389.1112790590805 0.20 3.85
May 2025 3398.8774985496916 0.29 4.02
Jun 2025 3394.395422037241 -0.13 3.14
Jul 2025 3407.70819209218 0.39 2.91
Aug 2025 3402.3892133995105 -0.16 2.05
Sep 2025 3399.589989838668 -0.08 1.60
Oct 2025 3399.8566527001717 0.01 1.59
Nov 2025 3406.1006197077486 0.18 1.89
Dec 2025 3402.6188366975057 -0.10 1.62
Jan 2026 3399.5409634993707 -0.09 1.41
Feb 2026 3390.9288499025347 -0.25 0.76