Zip Code: 33928 (Estero, 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 33928 Zip Code (Estero, Florida) in February 2026 was $2,539.905. The month over month percentage change (MoM) was 0.05%, and the year over year percentage change (YoY) was 1.57%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 33928 zip code (Estero, Florida). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 33928 zip code (Estero, 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: 33928 (Estero, Florida) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 33928 (Estero, Florida) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 1270.4280920475423 NaN NaN
Feb 2015 1287.982899932426 1.38 NaN
Mar 2015 1291.5778744048314 0.28 NaN
Apr 2015 1288.7037522404016 -0.22 NaN
May 2015 1305.0596403312538 1.27 NaN
Jun 2015 1330.2601832246369 1.93 NaN
Jul 2015 1356.7302518920317 1.99 NaN
Aug 2015 1335.6779543472362 -1.55 NaN
Sep 2015 1363.6445904395957 2.09 NaN
Oct 2015 1374.5015877991436 0.80 NaN
Nov 2015 1412.8178762463913 2.79 NaN
Dec 2015 1398.482468898292 -1.01 NaN
Jan 2016 1394.5765710706883 -0.28 9.77
Feb 2016 1387.8417598277927 -0.48 7.75
Mar 2016 1388.2118572285453 0.03 7.48
Apr 2016 1426.5748962832977 2.76 10.70
May 2016 1443.6141561620648 1.19 10.62
Jun 2016 1448.2821575737287 0.32 8.87
Jul 2016 1434.6051875568016 -0.94 5.74
Aug 2016 1442.2286687643773 0.53 7.98
Sep 2016 1434.753452341199 -0.52 5.22
Oct 2016 1435.9390734754359 0.08 4.47
Nov 2016 1419.1770521778783 -1.17 0.45
Dec 2016 1410.9317709593504 -0.58 0.89
Jan 2017 1410.1377168217987 -0.06 1.12
Feb 2017 1423.1800409949315 0.93 2.55
Mar 2017 1469.6716304641266 3.27 5.87
Apr 2017 1464.9223492295496 -0.32 2.69
May 2017 1448.6315955943544 -1.11 0.35
Jun 2017 1415.6436817949473 -2.28 -2.25
Jul 2017 1422.703161329197 0.50 -0.83
Aug 2017 1439.344936103065 1.17 -0.20
Sep 2017 1449.339147835595 0.69 1.02
Oct 2017 1443.591884155712 -0.40 0.53
Nov 2017 1452.505090977149 0.62 2.35
Dec 2017 1468.2451363202017 1.08 4.06
Jan 2018 1503.5968595022298 2.41 6.63
Feb 2018 1520.5749085574378 1.13 6.84
Mar 2018 1495.3579072752918 -1.66 1.75
Apr 2018 1491.6590007849702 -0.25 1.83
May 2018 1480.721405499938 -0.73 2.22
Jun 2018 1518.938653317858 2.58 7.30
Jul 2018 1531.130928279628 0.80 7.62
Aug 2018 1542.1884771323232 0.72 7.15
Sep 2018 1552.9815432900796 0.70 7.15
Oct 2018 1559.4851540936577 0.42 8.03
Nov 2018 1569.2256527137786 0.63 8.04
Dec 2018 1562.0423077459116 -0.46 6.39
Jan 2019 1547.0146989530267 -0.96 2.89
Feb 2019 1519.7372629792048 -1.76 -0.05
Mar 2019 1523.887250853601 0.27 1.91
Apr 2019 1530.4559496298002 0.43 2.60
May 2019 1552.644492911603 1.45 4.86
Jun 2019 1547.5832165164409 -0.33 1.89
Jul 2019 1546.9566088128868 -0.04 1.03
Aug 2019 1540.1354082032767 -0.44 -0.13
Sep 2019 1539.064111260224 -0.07 -0.90
Oct 2019 1548.4882692538974 0.61 -0.70
Nov 2019 1551.931689208038 0.22 -1.10
Dec 2019 1565.584294138057 0.88 0.23
Jan 2020 1574.8951875366106 0.60 1.80
Feb 2020 1601.5603909149315 1.69 5.38
Mar 2020 1613.535350091265 0.75 5.88
Apr 2020 1606.199470533005 -0.45 4.95
May 2020 1607.0764209847414 0.06 3.51
Jun 2020 1621.3936524216442 0.89 4.77
Jul 2020 1648.9737088097477 1.70 6.60
Aug 2020 1649.7057466033373 0.04 7.11
Sep 2020 1654.6757444418533 0.30 7.51
Oct 2020 1653.520040755773 -0.07 6.78
Nov 2020 1663.9407196663376 0.63 7.22
Dec 2020 1645.5341641232203 -1.11 5.11
Jan 2021 1669.5927663481732 1.46 6.01
Feb 2021 1692.04345948392 1.35 5.65
Mar 2021 1738.4258511113353 2.74 7.74
Apr 2021 1810.418985964302 4.14 12.71
May 2021 1868.8596850091649 3.23 16.29
Jun 2021 1919.412596493941 2.71 18.38
Jul 2021 1909.1103446594122 -0.54 15.78
Aug 2021 1976.2573186769544 3.52 19.80
Sep 2021 2043.8518227186446 3.42 23.52
Oct 2021 2145.2617250466956 4.96 29.74
Nov 2021 0 -100.00 -100.00
Dec 2021 2265.3822233834953 Infinity 37.67
Jan 2022 2286.6406518668055 0.94 36.96
Feb 2022 2375.351953401403 3.88 40.38
Mar 2022 2422.157833052644 1.97 39.33
Apr 2022 2434.796722921902 0.52 34.49
May 2022 2440.811871953283 0.25 30.60
Jun 2022 2424.2763372999575 -0.68 26.30
Jul 2022 2510.6709021916304 3.56 31.51
Aug 2022 2513.965844089288 0.13 27.21
Sep 2022 2575.890092832146 2.46 26.03
Oct 2022 2557.681454316106 -0.71 19.23
Nov 2022 2633.0599008786157 2.95 Infinity
Dec 2022 2654.0936620244197 0.80 17.16
Jan 2023 2708.1749689281987 2.04 18.43
Feb 2023 2655.5404896159966 -1.94 11.80
Mar 2023 2638.040771156632 -0.66 8.91
Apr 2023 2611.850962856861 -0.99 7.27
May 2023 2572.3368146488765 -1.51 5.39
Jun 2023 2598.6605720013144 1.02 7.19
Jul 2023 2585.155672463023 -0.52 2.97
Aug 2023 2624.63560859111 1.53 4.40
Sep 2023 2602.861441340611 -0.83 1.05
Oct 2023 2634.1478147164817 1.20 2.99
Nov 2023 2584.0202048283622 -1.90 -1.86
Dec 2023 2568.5718842867127 -0.60 -3.22
Jan 2024 2510.065937726762 -2.28 -7.31
Feb 2024 2509.5957085038517 -0.02 -5.50
Mar 2024 2462.0508728912846 -1.89 -6.67
Apr 2024 2471.7548414174576 0.39 -5.36
May 2024 2507.54112410524 1.45 -2.52
Jun 2024 2532.005215541852 0.98 -2.56
Jul 2024 2543.1376246804857 0.44 -1.62
Aug 2024 2536.9538037534116 -0.24 -3.34
Sep 2024 2507.625955004002 -1.16 -3.66
Oct 2024 2501.2685615979603 -0.25 -5.04
Nov 2024 2513.1916632582856 0.48 -2.74
Dec 2024 2514.1084263838925 0.04 -2.12
Jan 2025 2486.4523909229865 -1.10 -0.94
Feb 2025 2500.665461625199 0.57 -0.36
Mar 2025 2537.571452004722 1.48 3.07
Apr 2025 2540.205035200069 0.10 2.77
May 2025 2529.7964909490543 -0.41 0.89
Jun 2025 2502.9716747133416 -1.06 -1.15
Jul 2025 2486.4590176746356 -0.66 -2.23
Aug 2025 2473.0714081937426 -0.54 -2.52
Sep 2025 2493.7699401191676 0.84 -0.55
Oct 2025 2488.9352666505592 -0.19 -0.49
Nov 2025 2491.7480225127765 0.11 -0.85
Dec 2025 2496.81284322342 0.20 -0.69
Jan 2026 2538.6391658736106 1.68 2.10
Feb 2026 2539.904761904762 0.05 1.57