Zip Code: 80923 (Colorado Springs, Colorado) - 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 80923 Zip Code (Colorado Springs, Colorado) in February 2026 was $1,846.756. The month over month percentage change (MoM) was 0.49%, and the year over year percentage change (YoY) was 1.65%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 80923 zip code (Colorado Springs, Colorado). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 80923 zip code (Colorado Springs, Colorado).

You can see similar information for other Colorado 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: 80923 (Colorado Springs, Colorado) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 80923 (Colorado Springs, Colorado) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 1097.6050899306915 NaN NaN
Feb 2015 1101.1974318000512 0.33 NaN
Mar 2015 1099.4237371537208 -0.16 NaN
Apr 2015 1098.9445762270173 -0.04 NaN
May 2015 1093.1342034789866 -0.53 NaN
Jun 2015 1102.8231428473623 0.89 NaN
Jul 2015 1108.7156146478758 0.53 NaN
Aug 2015 1117.7846686947798 0.82 NaN
Sep 2015 1131.1374163831408 1.20 NaN
Oct 2015 1135.43672151028 0.38 NaN
Nov 2015 1132.9263673304815 -0.22 NaN
Dec 2015 1138.727129555062 0.51 NaN
Jan 2016 1139.652108605315 0.08 3.83
Feb 2016 1151.4875731717093 1.04 4.57
Mar 2016 1154.4181080351386 0.25 5.00
Apr 2016 1163.8212271802727 0.82 5.90
May 2016 1172.1742441080921 0.72 7.23
Jun 2016 1178.664611674479 0.55 6.88
Jul 2016 1178.9307333927084 0.02 6.33
Aug 2016 1182.0549263700557 0.27 5.75
Sep 2016 1181.0752361907566 -0.08 4.42
Oct 2016 1181.1166299618617 0.00 4.02
Nov 2016 1186.6257144703422 0.47 4.74
Dec 2016 1189.266430169268 0.22 4.44
Jan 2017 1203.5587093362315 1.20 5.61
Feb 2017 1209.82700515506 0.52 5.07
Mar 2017 1227.1909756659784 1.44 6.30
Apr 2017 1228.2116588874644 0.08 5.53
May 2017 1233.7096599864406 0.45 5.25
Jun 2017 1226.373384531788 -0.59 4.05
Jul 2017 1234.0999417562869 0.63 4.68
Aug 2017 1245.146307044391 0.90 5.34
Sep 2017 1255.1539572187164 0.80 6.27
Oct 2017 1274.419054331574 1.54 7.90
Nov 2017 1279.5212225960431 0.40 7.83
Dec 2017 1287.630370893126 0.63 8.27
Jan 2018 1277.7027664720013 -0.77 6.16
Feb 2018 1276.0180970431084 -0.13 5.47
Mar 2018 1280.148122829606 0.32 4.32
Apr 2018 1284.669214801832 0.35 4.60
May 2018 1286.0628297919106 0.11 4.24
Jun 2018 1291.6533021430282 0.44 5.32
Jul 2018 1307.8783282029797 1.26 5.98
Aug 2018 1313.262255361038 0.41 5.47
Sep 2018 1316.004282214915 0.21 4.85
Oct 2018 1312.2845805035636 -0.28 2.97
Nov 2018 1313.95860762415 0.13 2.69
Dec 2018 1324.1755086999306 0.78 2.84
Jan 2019 1334.166405437105 0.75 4.42
Feb 2019 1341.7199310152969 0.57 5.15
Mar 2019 1342.8058008773364 0.08 4.89
Apr 2019 1350.7170238467443 0.59 5.14
May 2019 1359.333258943564 0.64 5.70
Jun 2019 1371.2317483239772 0.88 6.16
Jul 2019 1368.6850677515852 -0.19 4.65
Aug 2019 1372.5717015052319 0.28 4.52
Sep 2019 1380.280976785245 0.56 4.88
Oct 2019 1388.8077240713249 0.62 5.83
Nov 2019 1399.750331774831 0.79 6.53
Dec 2019 1403.0498855339906 0.24 5.96
Jan 2020 1413.5959146764392 0.75 5.95
Feb 2020 1423.7053924483494 0.72 6.11
Mar 2020 1433.318238544844 0.68 6.74
Apr 2020 1428.090457627376 -0.36 5.73
May 2020 1411.0006645849367 -1.20 3.80
Jun 2020 1409.3794266029495 -0.11 2.78
Jul 2020 1418.014694145444 0.61 3.60
Aug 2020 1424.9512720585208 0.49 3.82
Sep 2020 1435.6313469086192 0.75 4.01
Oct 2020 1446.5958112753406 0.76 4.16
Nov 2020 1460.2759116105408 0.95 4.32
Dec 2020 1474.0886887762485 0.95 5.06
Jan 2021 1485.8099020834802 0.80 5.11
Feb 2021 1506.3777027781532 1.38 5.81
Mar 2021 1537.8690942704122 2.09 7.29
Apr 2021 1559.3318862465685 1.40 9.19
May 2021 1590.9889738376744 2.03 12.76
Jun 2021 1607.4539851703971 1.03 14.05
Jul 2021 1639.489784756547 1.99 15.62
Aug 2021 1650.4544949807475 0.67 15.83
Sep 2021 1668.0984005901632 1.07 16.19
Oct 2021 1676.2632975943184 0.49 15.88
Nov 2021 1693.7844546754054 1.05 15.99
Dec 2021 1717.3261098748753 1.39 16.50
Jan 2022 1727.8829693094704 0.62 16.29
Feb 2022 1730.9156084502126 0.18 14.91
Mar 2022 1721.5184166109898 -0.54 11.94
Apr 2022 1730.9532462853856 0.55 11.01
May 2022 1738.903333674483 0.46 9.30
Jun 2022 1751.5136149627992 0.73 8.96
Jul 2022 1751.3289342872408 -0.01 6.82
Aug 2022 1762.0165276047533 0.61 6.76
Sep 2022 1767.684062665139 0.32 5.97
Oct 2022 1769.8351369448867 0.12 5.58
Nov 2022 1758.2039770117208 -0.66 3.80
Dec 2022 1755.9007458316034 -0.13 2.25
Jan 2023 1756.7325822416415 0.05 1.67
Feb 2023 1762.2941184567787 0.32 1.81
Mar 2023 1768.3675841574748 0.35 2.72
Apr 2023 1777.7813298990968 0.53 2.71
May 2023 1789.5106997164248 0.66 2.91
Jun 2023 1784.3720958223375 -0.29 1.88
Jul 2023 1783.9376280291451 -0.02 1.86
Aug 2023 1786.9765671123084 0.17 1.42
Sep 2023 1795.6428179018628 0.49 1.58
Oct 2023 1801.856045225445 0.35 1.81
Nov 2023 1809.8920672166948 0.45 2.94
Dec 2023 1800.50819379223 -0.52 2.54
Jan 2024 1801.9505564657848 0.08 2.57
Feb 2024 1803.977496507662 0.11 2.37
Mar 2024 1816.3661473563861 0.69 2.71
Apr 2024 1814.867559020174 -0.08 2.09
May 2024 1802.9103784901115 -0.66 0.75
Jun 2024 1802.2516374558336 -0.04 1.00
Jul 2024 1818.2124827053187 0.89 1.92
Aug 2024 1836.9212873910537 1.03 2.80
Sep 2024 1825.6574928281393 -0.61 1.67
Oct 2024 1816.0397522062078 -0.53 0.79
Nov 2024 1808.4747672765156 -0.42 -0.08
Dec 2024 1818.1550543992716 0.54 0.98
Jan 2025 1820.9035466693645 0.15 1.05
Feb 2025 1816.7559080482743 -0.23 0.71
Mar 2025 1810.1720529432714 -0.36 -0.34
Apr 2025 1809.100119474334 -0.06 -0.32
May 2025 1814.866477730019 0.32 0.66
Jun 2025 1819.937696964246 0.28 0.98
Jul 2025 1812.697525433631 -0.40 -0.30
Aug 2025 1800.6194775456113 -0.67 -1.98
Sep 2025 1809.2752617272095 0.48 -0.90
Oct 2025 1819.169476995878 0.55 0.17
Nov 2025 1829.497091303636 0.57 1.16
Dec 2025 1833.4410859925206 0.22 0.84
Jan 2026 1837.696293114273 0.23 0.92
Feb 2026 1846.7559523809523 0.49 1.65