Zip Code: 37115 (Nashville, Tennessee) - 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 37115 Zip Code (Nashville, Tennessee) in February 2026 was $1,579.808. The month over month percentage change (MoM) was -0.85%, and the year over year percentage change (YoY) was -0.60%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 37115 zip code (Nashville, Tennessee). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 37115 zip code (Nashville, Tennessee).

You can see similar information for other Tennessee 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: 37115 (Nashville, Tennessee) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 37115 (Nashville, Tennessee) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 1111.7715541718574 Infinity Infinity
Apr 2018 1113.2430735903317 0.13 Infinity
May 2018 1124.0186394346667 0.97 Infinity
Jun 2018 1113.6949120530555 -0.92 Infinity
Jul 2018 1110.3723907397411 -0.30 Infinity
Aug 2018 1109.2157704816143 -0.10 Infinity
Sep 2018 1112.5299537252886 0.30 Infinity
Oct 2018 1126.1387579049162 1.22 Infinity
Nov 2018 1129.7268903723393 0.32 Infinity
Dec 2018 1132.793954681619 0.27 Infinity
Jan 2019 1132.2565647424713 -0.05 Infinity
Feb 2019 1133.6516715174184 0.12 Infinity
Mar 2019 1136.5957358561034 0.26 2.23
Apr 2019 1137.3184542922322 0.06 2.16
May 2019 1143.854849841992 0.57 1.77
Jun 2019 1158.1699984156426 1.25 3.99
Jul 2019 1167.511174657613 0.81 5.15
Aug 2019 1172.3349511176004 0.41 5.69
Sep 2019 1181.6847208171346 0.80 6.22
Oct 2019 1191.5340562485687 0.83 5.81
Nov 2019 1202.9736870297531 0.96 6.48
Dec 2019 1217.0377648164829 1.17 7.44
Jan 2020 1231.7997343270754 1.21 8.79
Feb 2020 1247.5814283396062 1.28 10.05
Mar 2020 1229.6264514798086 -1.44 8.19
Apr 2020 1222.1073352623016 -0.61 7.46
May 2020 1199.3449049127464 -1.86 4.85
Jun 2020 1194.554378277522 -0.40 3.14
Jul 2020 1202.8651001601813 0.70 3.03
Aug 2020 1223.26342784736 1.70 4.34
Sep 2020 1231.8556910328157 0.70 4.25
Oct 2020 1230.5548323398104 -0.11 3.28
Nov 2020 1229.150021392404 -0.11 2.18
Dec 2020 1224.7348236600023 -0.36 0.63
Jan 2021 1234.4334422628638 0.79 0.21
Feb 2021 1238.9748215312325 0.37 -0.69
Mar 2021 1245.7504355470198 0.55 1.31
Apr 2021 1252.6331979119198 0.55 2.50
May 2021 1274.466827881599 1.74 6.26
Jun 2021 1285.9181185150296 0.90 7.65
Jul 2021 1298.439122228674 0.97 7.95
Aug 2021 1314.2384393602083 1.22 7.44
Sep 2021 1338.8649938262354 1.87 8.69
Oct 2021 1351.7457674255922 0.96 9.85
Nov 2021 1371.4247473416062 1.46 11.58
Dec 2021 1393.0259008365308 1.58 13.74
Jan 2022 1407.4614720938623 1.04 14.02
Feb 2022 1408.0671668544542 0.04 13.65
Mar 2022 1424.54227219898 1.17 14.35
Apr 2022 1462.251357455216 2.65 16.73
May 2022 1484.8692891353282 1.55 16.51
Jun 2022 1509.2276645508814 1.64 17.37
Jul 2022 1514.2672344189375 0.33 16.62
Aug 2022 1524.6592864039944 0.69 16.01
Sep 2022 1526.2919785466916 0.11 14.00
Oct 2022 1536.643920384886 0.68 13.68
Nov 2022 1550.2911797052159 0.89 13.04
Dec 2022 1560.568599128628 0.66 12.03
Jan 2023 1562.9288159628325 0.15 11.05
Feb 2023 1565.190315125525 0.14 11.16
Mar 2023 1564.6471655341593 -0.04 9.84
Apr 2023 1550.703360974759 -0.89 6.05
May 2023 1544.503769979804 -0.40 4.02
Jun 2023 1538.5592055217373 -0.38 1.94
Jul 2023 1555.6877333590696 1.11 2.74
Aug 2023 1552.5576672547008 -0.20 1.83
Sep 2023 1563.7882789663242 0.72 2.46
Oct 2023 1567.7023131785768 0.25 2.02
Nov 2023 1579.1033999044998 0.73 1.86
Dec 2023 1567.3213149330331 -0.75 0.43
Jan 2024 1562.6065196151835 -0.30 -0.02
Feb 2024 1569.1321829427773 0.42 0.25
Mar 2024 1575.9748467535346 0.44 0.72
Apr 2024 1581.4542877263887 0.35 1.98
May 2024 1582.6287925086524 0.07 2.47
Jun 2024 1584.2171551790896 0.10 2.97
Jul 2024 1582.8075533898227 -0.09 1.74
Aug 2024 1589.0703979895602 0.40 2.35
Sep 2024 1586.1535247743325 -0.18 1.43
Oct 2024 1572.9378603509801 -0.83 0.33
Nov 2024 1551.476352584217 -1.36 -1.75
Dec 2024 1562.6088866846 0.72 -0.30
Jan 2025 1576.540394275163 0.89 0.89
Feb 2025 1589.3333516571636 0.81 1.29
Mar 2025 1588.4406953205778 -0.06 0.79
Apr 2025 1589.7216946596627 0.08 0.52
May 2025 1592.4801963070718 0.17 0.62
Jun 2025 1594.1636835293677 0.11 0.63
Jul 2025 1590.3241331460351 -0.24 0.48
Aug 2025 1588.763214606242 -0.10 -0.02
Sep 2025 1588.1229636793926 -0.04 0.12
Oct 2025 1596.6392900351066 0.54 1.51
Nov 2025 1606.5073588054152 0.62 3.55
Dec 2025 1602.1443642956815 -0.27 2.53
Jan 2026 1593.3742719199154 -0.55 1.07
Feb 2026 1579.8081140350878 -0.85 -0.60