Zip Code: 46208 (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 46208 Zip Code (Indianapolis, Indiana) in February 2026 was $1,405.921. The month over month percentage change (MoM) was 0.39%, and the year over year percentage change (YoY) was 4.05%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 46208 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 46208 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: 46208 (Indianapolis, Indiana) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 46208 (Indianapolis, Indiana) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 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 656.6108307616834 Infinity NaN
Sep 2015 659.1913716414755 0.39 NaN
Oct 2015 654.8369219548565 -0.66 NaN
Nov 2015 652.4404768393986 -0.37 NaN
Dec 2015 664.6697380440993 1.87 NaN
Jan 2016 655.8511020832865 -1.33 Infinity
Feb 2016 654.9504667489797 -0.14 Infinity
Mar 2016 658.2024957913462 0.50 Infinity
Apr 2016 675.2343302687045 2.59 Infinity
May 2016 681.3254877336967 0.90 Infinity
Jun 2016 679.9070559369337 -0.21 Infinity
Jul 2016 683.9386255214654 0.59 Infinity
Aug 2016 681.0562712311292 -0.42 3.72
Sep 2016 692.895383112354 1.74 5.11
Oct 2016 689.8392817568283 -0.44 5.35
Nov 2016 696.7873380869887 1.01 6.80
Dec 2016 694.8938635361023 -0.27 4.55
Jan 2017 699.2183282449121 0.62 6.61
Feb 2017 700.6269993554632 0.20 6.97
Mar 2017 700.6017759389196 0.00 6.44
Apr 2017 704.7562237496328 0.59 4.37
May 2017 706.087753532668 0.19 3.63
Jun 2017 717.636097870242 1.64 5.55
Jul 2017 720.4457800442513 0.39 5.34
Aug 2017 730.8811806434994 1.45 7.32
Sep 2017 731.7210928889401 0.12 5.60
Oct 2017 742.776450706809 1.51 7.67
Nov 2017 753.5353916653128 1.45 8.14
Dec 2017 0 -100.00 -100.00
Jan 2018 758.5497018971703 Infinity 8.49
Feb 2018 750.9210788287004 -1.01 7.18
Mar 2018 738.8500559299937 -1.61 5.46
Apr 2018 739.9106006024176 0.14 4.99
May 2018 746.789735692719 0.93 5.76
Jun 2018 761.5515627316146 1.98 6.12
Jul 2018 771.1854722295333 1.26 7.04
Aug 2018 779.8997512747142 1.13 6.71
Sep 2018 777.433780638965 -0.32 6.25
Oct 2018 776.5154873279101 -0.12 4.54
Nov 2018 766.2244869599156 -1.32 1.68
Dec 2018 760.0982409438421 -0.80 Infinity
Jan 2019 767.2707177669805 0.94 1.15
Feb 2019 792.765436737849 3.32 5.57
Mar 2019 810.8987734851315 2.29 9.75
Apr 2019 813.9824401523755 0.38 10.01
May 2019 816.003469894556 0.25 9.27
Jun 2019 808.5000991741632 -0.92 6.17
Jul 2019 808.7043299249802 0.03 4.87
Aug 2019 807.3571172934525 -0.17 3.52
Sep 2019 817.1433510814081 1.21 5.11
Oct 2019 824.509576825748 0.90 6.18
Nov 2019 837.5968822122824 1.59 9.32
Dec 2019 852.9233548561415 1.83 12.21
Jan 2020 857.7365116721685 0.56 11.79
Feb 2020 852.2418948146724 -0.64 7.50
Mar 2020 835.0146809587466 -2.02 2.97
Apr 2020 836.0628530262094 0.13 2.71
May 2020 853.2751507822582 2.06 4.57
Jun 2020 866.047005326823 1.50 7.12
Jul 2020 875.6475782847381 1.11 8.28
Aug 2020 888.2536721434042 1.44 10.02
Sep 2020 904.8571363056859 1.87 10.73
Oct 2020 922.0843113826442 1.90 11.83
Nov 2020 934.2859838056157 1.32 11.54
Dec 2020 930.085175805744 -0.45 9.05
Jan 2021 938.6669956610217 0.92 9.44
Feb 2021 952.8948041959178 1.52 11.81
Mar 2021 972.9256139664419 2.10 16.52
Apr 2021 973.9579677121307 0.11 16.49
May 2021 974.4258702067854 0.05 14.20
Jun 2021 969.7379762386877 -0.48 11.97
Jul 2021 979.789088185038 1.04 11.89
Aug 2021 980.8224174409971 0.11 10.42
Sep 2021 987.8541752946126 0.72 9.17
Oct 2021 995.0509273915969 0.73 7.91
Nov 2021 1012.2882116424329 1.73 8.35
Dec 2021 1025.0785863792419 1.26 10.21
Jan 2022 1036.7922053795046 1.14 10.45
Feb 2022 1041.9634311505833 0.50 9.35
Mar 2022 1051.616917633938 0.93 8.09
Apr 2022 1071.107277109358 1.85 9.98
May 2022 1083.5902374207758 1.17 11.20
Jun 2022 1112.0596752543938 2.63 14.68
Jul 2022 1130.8474552169814 1.69 15.42
Aug 2022 1144.9128676113828 1.24 16.73
Sep 2022 1138.4175821755123 -0.57 15.24
Oct 2022 1140.5422571712377 0.19 14.62
Nov 2022 1151.675470475067 0.98 13.77
Dec 2022 1182.8878970791739 2.71 15.40
Jan 2023 1189.62287524722 0.57 14.74
Feb 2023 1186.0461109797698 -0.30 13.83
Mar 2023 1170.5911613212463 -1.30 11.31
Apr 2023 1172.783837259595 0.19 9.49
May 2023 1179.1096722830562 0.54 8.82
Jun 2023 1193.8242823879687 1.25 7.35
Jul 2023 1190.4138470567261 -0.29 5.27
Aug 2023 1210.5425586746808 1.69 5.73
Sep 2023 1223.983542501499 1.11 7.52
Oct 2023 1240.3507283222 1.34 8.75
Nov 2023 1233.1033792061908 -0.58 7.07
Dec 2023 1208.0470881744473 -2.03 2.13
Jan 2024 1217.0959838655372 0.75 2.31
Feb 2024 1235.6395376358275 1.52 4.18
Mar 2024 1274.2777249390433 3.13 8.86
Apr 2024 1273.9588747859966 -0.02 8.63
May 2024 1273.5410107203527 -0.03 8.01
Jun 2024 1279.2848898716484 0.45 7.16
Jul 2024 1290.363901869753 0.87 8.40
Aug 2024 1296.5906716446295 0.48 7.11
Sep 2024 1297.2151168819614 0.05 5.98
Oct 2024 1302.27540462812 0.39 4.99
Nov 2024 1319.1758140463976 1.30 6.98
Dec 2024 1348.8206790683057 2.25 11.65
Jan 2025 1350.9449015842667 0.16 11.00
Feb 2025 1351.173263652258 0.02 9.35
Mar 2025 1344.2619689062415 -0.51 5.49
Apr 2025 1357.7428751703367 1.00 6.58
May 2025 1370.7410099116792 0.96 7.63
Jun 2025 1370.4802154328074 -0.02 7.13
Jul 2025 1377.2391600625565 0.49 6.73
Aug 2025 1376.482127457499 -0.05 6.16
Sep 2025 1387.8651771439131 0.83 6.99
Oct 2025 1391.7799703755888 0.28 6.87
Nov 2025 1395.5125174195728 0.27 5.79
Dec 2025 1393.518965658363 -0.14 3.31
Jan 2026 1400.4986806314673 0.50 3.67
Feb 2026 1405.9212962962963 0.39 4.05