Zip Code: 46205 (Indianapolis, Indiana) - 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 46205 Zip Code (Indianapolis, Indiana) in February 2026 was $1,225.383. The month over month percentage change (MoM) was 0.46%, and the year over year percentage change (YoY) was 6.54%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 46205 zip code (Indianapolis, Indiana). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 46205 zip code (Indianapolis, Indiana).

You can see similar information for other Indiana 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: 46205 (Indianapolis, Indiana) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 46205 (Indianapolis, Indiana) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 550.3429225172546 NaN NaN
Feb 2015 536.287561082178 -2.55 NaN
Mar 2015 558.4897145190755 4.14 NaN
Apr 2015 558.2527663991999 -0.04 NaN
May 2015 572.2732254041048 2.51 NaN
Jun 2015 565.7527647093731 -1.14 NaN
Jul 2015 571.6694703529303 1.05 NaN
Aug 2015 577.3845240451205 1.00 NaN
Sep 2015 582.0159989261106 0.80 NaN
Oct 2015 584.3078850760566 0.39 NaN
Nov 2015 571.2853042459603 -2.23 NaN
Dec 2015 584.4788045253357 2.31 NaN
Jan 2016 589.3773963812143 0.84 7.09
Feb 2016 610.7106372630873 3.62 13.88
Mar 2016 596.9903733065447 -2.25 6.89
Apr 2016 600.6355367139613 0.61 7.59
May 2016 598.7374211075914 -0.32 4.62
Jun 2016 606.4415739893249 1.29 7.19
Jul 2016 612.692067335434 1.03 7.18
Aug 2016 608.3243598890186 -0.71 5.36
Sep 2016 616.8230243912618 1.40 5.98
Oct 2016 616.9603068327038 0.02 5.59
Nov 2016 628.1981288888919 1.82 9.96
Dec 2016 624.695698880353 -0.56 6.88
Jan 2017 620.9143967675117 -0.60 5.35
Feb 2017 623.6033504301181 0.43 2.11
Mar 2017 631.4639149804142 1.26 5.78
Apr 2017 644.3733598651497 2.04 7.28
May 2017 641.0680747330232 -0.51 7.07
Jun 2017 643.4197864668125 0.37 6.10
Jul 2017 646.1538922574749 0.43 5.46
Aug 2017 656.0973011994143 1.54 7.85
Sep 2017 654.4730149408767 -0.25 6.10
Oct 2017 660.5891010170463 0.94 7.07
Nov 2017 661.1686101792798 0.09 5.25
Dec 2017 673.4861997482305 1.86 7.81
Jan 2018 673.4785324532426 0.00 8.47
Feb 2018 673.7533476569793 0.04 8.04
Mar 2018 673.6913022662463 -0.01 6.69
Apr 2018 677.6880227410356 0.59 5.17
May 2018 693.9466708181332 2.40 8.25
Jun 2018 701.4795165415271 1.09 9.02
Jul 2018 707.714939823964 0.89 9.53
Aug 2018 712.6561835095133 0.70 8.62
Sep 2018 715.5014193629371 0.40 9.32
Oct 2018 708.7829061661005 -0.94 7.30
Nov 2018 711.9044342772484 0.44 7.67
Dec 2018 718.8752964550415 0.98 6.74
Jan 2019 737.3222637515961 2.57 9.48
Feb 2019 741.0978219657183 0.51 9.99
Mar 2019 749.8330074871849 1.18 11.30
Apr 2019 748.9716290824902 -0.11 10.52
May 2019 747.4050007825747 -0.21 7.70
Jun 2019 748.243854866872 0.11 6.67
Jul 2019 749.6425627202092 0.19 5.92
Aug 2019 750.3057356158728 0.09 5.28
Sep 2019 755.5261004558106 0.70 5.59
Oct 2019 765.8707799687943 1.37 8.05
Nov 2019 768.8468505891693 0.39 8.00
Dec 2019 764.2216389368747 -0.60 6.31
Jan 2020 756.7913338288412 -0.97 2.64
Feb 2020 758.1872546190765 0.18 2.31
Mar 2020 779.43202064032 2.80 3.95
Apr 2020 787.4944876545137 1.03 5.14
May 2020 805.0655695602687 2.23 7.72
Jun 2020 808.7458767651706 0.46 8.09
Jul 2020 819.0052527820363 1.27 9.25
Aug 2020 836.5853498412495 2.15 11.50
Sep 2020 837.3992361308525 0.10 10.84
Oct 2020 850.5641585901808 1.57 11.06
Nov 2020 848.8948902511582 -0.20 10.41
Dec 2020 875.2832048751643 3.11 14.53
Jan 2021 870.97195453415 -0.49 15.09
Feb 2021 879.2205658565489 0.95 15.96
Mar 2021 878.0833112906155 -0.13 12.66
Apr 2021 880.4421779130554 0.27 11.80
May 2021 876.2854129008917 -0.47 8.85
Jun 2021 883.3788616546104 0.81 9.23
Jul 2021 893.5488819445434 1.15 9.10
Aug 2021 903.4316386209708 1.11 7.99
Sep 2021 919.764817552443 1.81 9.84
Oct 2021 936.2685092660138 1.79 10.08
Nov 2021 948.335876694952 1.29 11.71
Dec 2021 939.9730829939433 -0.88 7.39
Jan 2022 944.835981803349 0.52 8.48
Feb 2022 954.887145636987 1.06 8.61
Mar 2022 971.2068145747344 1.71 10.61
Apr 2022 987.8966298998779 1.72 12.21
May 2022 1005.6342601128559 1.80 14.76
Jun 2022 1002.6631906951997 -0.29 13.50
Jul 2022 1008.531954936315 0.59 12.87
Aug 2022 1004.0916942368418 -0.44 11.14
Sep 2022 1009.0550524237098 0.49 9.71
Oct 2022 996.6612829515996 -1.23 6.45
Nov 2022 998.8167572561932 0.22 5.32
Dec 2022 1020.2054607661152 2.14 8.54
Jan 2023 1038.186798978573 1.76 9.88
Feb 2023 1046.7283234029237 0.82 9.62
Mar 2023 1040.8070256311407 -0.57 7.17
Apr 2023 1039.206534795578 -0.15 5.19
May 2023 1042.9527589143136 0.36 3.71
Jun 2023 1051.1905933559929 0.79 4.84
Jul 2023 1062.4267907970768 1.07 5.34
Aug 2023 1070.5173924586288 0.76 6.62
Sep 2023 1077.8323196713118 0.68 6.82
Oct 2023 1082.602808215389 0.44 8.62
Nov 2023 1083.0960614384503 0.05 8.44
Dec 2023 1079.143202284591 -0.36 5.78
Jan 2024 1084.5445734816149 0.50 4.47
Feb 2024 1093.566533910174 0.83 4.47
Mar 2024 1105.409126225848 1.08 6.21
Apr 2024 1099.7590738690537 -0.51 5.83
May 2024 1107.3561434677958 0.69 6.18
Jun 2024 1118.8517211657413 1.04 6.44
Jul 2024 1115.802511019859 -0.27 5.02
Aug 2024 1123.5886199648778 0.70 4.96
Sep 2024 1118.2668284294475 -0.47 3.75
Oct 2024 1140.2148902731144 1.96 5.32
Nov 2024 1150.3924871210043 0.89 6.21
Dec 2024 1158.6299235972224 0.72 7.37
Jan 2025 1147.245635106496 -0.98 5.78
Feb 2025 1150.150193621853 0.25 5.17
Mar 2025 1153.6557859859881 0.31 4.37
Apr 2025 1168.547841591101 1.29 6.26
May 2025 1170.5203544844117 0.17 5.70
Jun 2025 1171.2509696920933 0.06 4.68
Jul 2025 1180.046583319021 0.75 5.76
Aug 2025 1184.3174008693898 0.36 5.41
Sep 2025 1196.984076066109 1.07 7.04
Oct 2025 1193.1850543403134 -0.32 4.65
Nov 2025 1198.0198914410673 0.41 4.14
Dec 2025 1203.4190163013457 0.45 3.87
Jan 2026 1219.7371594624333 1.36 6.32
Feb 2026 1225.3829059829059 0.46 6.54