Zip Code: 37923 (Knoxville, 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 37923 Zip Code (Knoxville, Tennessee) in February 2026 was $1,744.591. The month over month percentage change (MoM) was 0.53%, 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 37923 zip code (Knoxville, Tennessee). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 37923 zip code (Knoxville, 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: 37923 (Knoxville, Tennessee) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 37923 (Knoxville, Tennessee) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 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 1211.9170879379997 Infinity Infinity
Apr 2021 1233.658356421354 1.79 Infinity
May 2021 1282.4155070917898 3.95 Infinity
Jun 2021 1336.2719844212654 4.20 Infinity
Jul 2021 1395.0843987327103 4.40 Infinity
Aug 2021 1421.0326178408948 1.86 Infinity
Sep 2021 1468.5981861328341 3.35 Infinity
Oct 2021 1500.9261880202428 2.20 Infinity
Nov 2021 1529.7067056128658 1.92 Infinity
Dec 2021 1511.2035743243646 -1.21 Infinity
Jan 2022 1512.387697017192 0.08 Infinity
Feb 2022 1554.9669428711586 2.82 Infinity
Mar 2022 1584.5786858710508 1.90 30.75
Apr 2022 1627.940255096728 2.74 31.96
May 2022 1630.3767487203113 0.15 27.13
Jun 2022 1651.8808855936354 1.32 23.62
Jul 2022 1653.5113794410909 0.10 18.52
Aug 2022 1652.589970436975 -0.06 16.30
Sep 2022 1624.7417697180936 -1.68 10.63
Oct 2022 1614.9694277525225 -0.60 7.60
Nov 2022 1616.1010565396023 0.07 5.65
Dec 2022 1646.5629699770727 1.89 8.96
Jan 2023 1664.2657721224662 1.08 10.04
Feb 2023 1675.9368101035766 0.70 7.78
Mar 2023 1695.5804905544705 1.17 7.01
Apr 2023 1688.6865796694829 -0.41 3.73
May 2023 1685.611110030074 -0.18 3.39
Jun 2023 1667.887454383805 -1.05 0.97
Jul 2023 1683.1741216166572 0.92 1.79
Aug 2023 1706.7641397853722 1.40 3.28
Sep 2023 1721.508634185631 0.86 5.96
Oct 2023 1705.1167009643411 -0.95 5.58
Nov 2023 1702.469062930902 -0.15 5.34
Dec 2023 1707.629881722443 0.30 3.71
Jan 2024 1728.221941328208 1.21 3.84
Feb 2024 1717.8280207680925 -0.60 2.50
Mar 2024 1713.692876865389 -0.24 1.07
Apr 2024 1716.7012235785407 0.18 1.66
May 2024 1722.4693964014673 0.34 2.19
Jun 2024 1715.72436823918 -0.39 2.87
Jul 2024 1695.1590528135357 -1.20 0.71
Aug 2024 1698.4988075935719 0.20 -0.48
Sep 2024 1725.6136955842494 1.60 0.24
Oct 2024 1754.819873924167 1.69 2.92
Nov 2024 1767.760209505598 0.74 3.84
Dec 2024 1765.09379930609 -0.15 3.37
Jan 2025 1741.3406159743301 -1.35 0.76
Feb 2025 1735.9268258360128 -0.31 1.05
Mar 2025 1733.1719556753205 -0.16 1.14
Apr 2025 1734.0062476528474 0.05 1.01
May 2025 1737.8456727450562 0.22 0.89
Jun 2025 1753.7488742140335 0.92 2.22
Jul 2025 1767.5307356725664 0.79 4.27
Aug 2025 1759.7488332526145 -0.44 3.61
Sep 2025 1741.7593907466394 -1.02 0.94
Oct 2025 1733.7808505229418 -0.46 -1.20
Nov 2025 1729.1087862035613 -0.27 -2.19
Dec 2025 1727.3570258376517 -0.10 -2.14
Jan 2026 1735.479216137537 0.47 -0.34
Feb 2026 1744.5912698412696 0.53 0.50