Zip Code: 49507 (Grand Rapids, Michigan) - 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 49507 Zip Code (Grand Rapids, Michigan) in February 2026 was $1,697.067. The month over month percentage change (MoM) was 0.19%, and the year over year percentage change (YoY) was 2.33%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 49507 zip code (Grand Rapids, Michigan). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 49507 zip code (Grand Rapids, Michigan).

You can see similar information for other Michigan 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: 49507 (Grand Rapids, Michigan) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 49507 (Grand Rapids, Michigan) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 744.4770767751425 NaN NaN
Feb 2015 751.2879980602987 0.92 NaN
Mar 2015 752.7121892664148 0.19 NaN
Apr 2015 749.5990418824264 -0.41 NaN
May 2015 763.6896424825773 1.88 NaN
Jun 2015 770.3798181061273 0.88 NaN
Jul 2015 789.1862660783545 2.44 NaN
Aug 2015 791.4692650120184 0.29 NaN
Sep 2015 801.379651652845 1.25 NaN
Oct 2015 803.4893781089033 0.26 NaN
Nov 2015 805.3075385683339 0.23 NaN
Dec 2015 805.0834742426413 -0.03 NaN
Jan 2016 812.3419446774227 0.90 9.12
Feb 2016 823.8463829617815 1.42 9.66
Mar 2016 838.0548370472046 1.73 11.34
Apr 2016 838.4988100753683 0.05 11.86
May 2016 845.3705434662063 0.82 10.70
Jun 2016 853.0687230026491 0.91 10.73
Jul 2016 868.4089150415166 1.80 10.04
Aug 2016 869.7781024335535 0.16 9.89
Sep 2016 868.4834318188297 -0.15 8.37
Oct 2016 870.196046465878 0.20 8.30
Nov 2016 893.4146341147735 2.67 10.94
Dec 2016 912.6648968862579 2.15 13.36
Jan 2017 915.4220591969646 0.30 12.69
Feb 2017 905.3076950681793 -1.10 9.89
Mar 2017 909.4937381967061 0.46 8.52
Apr 2017 933.1323562786991 2.60 11.29
May 2017 948.730933649807 1.67 12.23
Jun 2017 959.9779185723118 1.19 12.53
Jul 2017 951.3553942820233 -0.90 9.55
Aug 2017 958.6268155309107 0.76 10.22
Sep 2017 966.1852252463281 0.79 11.25
Oct 2017 970.6802869759605 0.47 11.55
Nov 2017 972.7467095057552 0.21 8.88
Dec 2017 955.2172590642505 -1.80 4.66
Jan 2018 976.2684345949165 2.20 6.65
Feb 2018 982.4640544622525 0.64 8.52
Mar 2018 996.1637967606903 1.39 9.53
Apr 2018 993.1968973301448 -0.30 6.44
May 2018 1000.5290670367114 0.74 5.46
Jun 2018 1016.5728691697202 1.60 5.90
Jul 2018 1037.9029921676206 2.10 9.10
Aug 2018 1040.9736656881398 0.30 8.59
Sep 2018 1055.8353791154623 1.43 9.28
Oct 2018 1055.8616849810164 0.00 8.78
Nov 2018 1052.3086054266387 -0.34 8.18
Dec 2018 1068.2769963228614 1.52 11.84
Jan 2019 1068.5951129802156 0.03 9.46
Feb 2019 1086.629724267936 1.69 10.60
Mar 2019 1085.1798885873475 -0.13 8.94
Apr 2019 1090.2059202044402 0.46 9.77
May 2019 1088.838907826264 -0.12 8.83
Jun 2019 1082.6140381074645 -0.57 6.50
Jul 2019 1080.089476880329 -0.23 4.07
Aug 2019 1087.2984357112878 0.67 4.45
Sep 2019 1084.7812267451839 -0.23 2.74
Oct 2019 1094.2077165184085 0.87 3.63
Nov 2019 1101.6935218681488 0.68 4.69
Dec 2019 1104.4742164647391 0.25 3.39
Jan 2020 1101.6994722074219 -0.25 3.10
Feb 2020 1095.1157583729266 -0.60 0.78
Mar 2020 1116.6674002557224 1.97 2.90
Apr 2020 1125.8322482463313 0.82 3.27
May 2020 1131.7290181861354 0.52 3.94
Jun 2020 1131.5357558691276 -0.02 4.52
Jul 2020 1140.294675438573 0.77 5.57
Aug 2020 1134.5132105056048 -0.51 4.34
Sep 2020 1150.0127727663262 1.37 6.01
Oct 2020 1153.5895084108422 0.31 5.43
Nov 2020 1188.1993609560786 3.00 7.85
Dec 2020 1185.1435246345739 -0.26 7.30
Jan 2021 1182.3696308058627 -0.23 7.32
Feb 2021 1184.6276408935328 0.19 8.17
Mar 2021 1198.2953437586852 1.15 7.31
Apr 2021 1219.5835432065942 1.78 8.33
May 2021 1231.8703784483264 1.01 8.85
Jun 2021 1249.200193283003 1.41 10.40
Jul 2021 1270.4442901788607 1.70 11.41
Aug 2021 1289.5977121161286 1.51 13.67
Sep 2021 1308.8320484147282 1.49 13.81
Oct 2021 1319.030150453646 0.78 14.34
Nov 2021 1327.7194258547875 0.66 11.74
Dec 2021 1357.7660015115082 2.26 14.57
Jan 2022 1385.8835433592822 2.07 17.21
Feb 2022 1396.5346444764605 0.77 17.89
Mar 2022 1379.3077203343607 -1.23 15.11
Apr 2022 1391.933028847782 0.92 14.13
May 2022 1400.7461405060205 0.63 13.71
Jun 2022 1420.4892516303846 1.41 13.71
Jul 2022 1419.4974535219499 -0.07 11.73
Aug 2022 1437.2277019952514 1.25 11.45
Sep 2022 1446.0594668819228 0.62 10.49
Oct 2022 1447.724521249777 0.12 9.76
Nov 2022 1443.855228064731 -0.27 8.75
Dec 2022 1438.6170710122506 -0.36 5.96
Jan 2023 1455.6123760422763 1.18 5.03
Feb 2023 1459.1548382311048 0.24 4.48
Mar 2023 1483.1600919573586 1.65 7.53
Apr 2023 1470.484483165935 -0.85 5.64
May 2023 1494.0422580921431 1.60 6.66
Jun 2023 1502.5064590982659 0.57 5.77
Jul 2023 1512.0329277376468 0.63 6.52
Aug 2023 1496.0777925494228 -1.05 4.10
Sep 2023 1481.307324469242 -0.99 2.44
Oct 2023 1490.6133852602015 0.63 2.96
Nov 2023 1501.6946208261277 0.74 4.01
Dec 2023 1510.6493566205486 0.60 5.01
Jan 2024 1522.7662706496951 0.80 4.61
Feb 2024 1520.1735986282406 -0.17 4.18
Mar 2024 1554.4973482239043 2.26 4.81
Apr 2024 1551.1211757782148 -0.22 5.48
May 2024 1575.5192386964493 1.57 5.45
Jun 2024 1568.8666833268044 -0.42 4.42
Jul 2024 1601.4265365508172 2.08 5.91
Aug 2024 1611.8465088773364 0.65 7.74
Sep 2024 1622.2597275784722 0.65 9.52
Oct 2024 1627.3425556734248 0.31 9.17
Nov 2024 1639.6827302660324 0.76 9.19
Dec 2024 1666.0553147678893 1.61 10.29
Jan 2025 1642.9457358889565 -1.39 7.89
Feb 2025 1658.4936369523446 0.95 9.10
Mar 2025 1639.345434147723 -1.15 5.46
Apr 2025 1662.9356014373184 1.44 7.21
May 2025 1646.880852303564 -0.96 4.53
Jun 2025 1660.7522852636405 0.84 5.86
Jul 2025 1647.3702211631235 -0.81 2.87
Aug 2025 1659.9219660635456 0.76 2.98
Sep 2025 1673.7237669357482 0.83 3.17
Oct 2025 1680.418176762531 0.40 3.26
Nov 2025 1681.6337273636075 0.07 2.56
Dec 2025 1672.272950593583 -0.56 0.37
Jan 2026 1693.85084485747 1.29 3.10
Feb 2026 1697.0666666666666 0.19 2.33