Zip Code: 85018 (Phoenix, Arizona) - 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 85018 Zip Code (Phoenix, Arizona) in February 2026 was $1,635.459. The month over month percentage change (MoM) was -0.25%, and the year over year percentage change (YoY) was -1.30%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 85018 zip code (Phoenix, Arizona). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 85018 zip code (Phoenix, Arizona).

You can see similar information for other Arizona 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: 85018 (Phoenix, Arizona) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 85018 (Phoenix, Arizona) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 764.9352983322419 NaN NaN
Feb 2015 795.5370580804521 4.00 NaN
Mar 2015 826.4061728941737 3.88 NaN
Apr 2015 836.0320036335903 1.17 NaN
May 2015 823.5916966337212 -1.49 NaN
Jun 2015 817.0526286774051 -0.79 NaN
Jul 2015 813.996013611693 -0.37 NaN
Aug 2015 813.5071468156076 -0.06 NaN
Sep 2015 812.6889467283363 -0.10 NaN
Oct 2015 827.0847441419419 1.77 NaN
Nov 2015 845.0335879981068 2.17 NaN
Dec 2015 856.8328792745386 1.40 NaN
Jan 2016 857.4714738019292 0.08 12.10
Feb 2016 828.098509107594 -3.43 4.09
Mar 2016 822.858707609548 -0.63 -0.43
Apr 2016 830.6461653067505 0.95 -0.64
May 2016 868.8589617224409 4.60 5.50
Jun 2016 884.8782422440622 1.84 8.30
Jul 2016 895.3303989679185 1.18 9.99
Aug 2016 892.89179306863 -0.27 9.76
Sep 2016 912.133025528321 2.15 12.24
Oct 2016 909.6241347368419 -0.28 9.98
Nov 2016 906.4487594720104 -0.35 7.27
Dec 2016 908.7446489440782 0.25 6.06
Jan 2017 912.3507647470874 0.40 6.40
Feb 2017 942.6808573876091 3.32 13.84
Mar 2017 939.0636323631448 -0.38 14.12
Apr 2017 954.8079282518607 1.68 14.95
May 2017 948.6584115091989 -0.64 9.18
Jun 2017 966.6936023478535 1.90 9.25
Jul 2017 979.8302559141713 1.36 9.44
Aug 2017 998.2753799481507 1.88 11.80
Sep 2017 996.5975467984922 -0.17 9.26
Oct 2017 1000.5104649848415 0.39 9.99
Nov 2017 1002.6203537918499 0.21 10.61
Dec 2017 1007.7548847865685 0.51 10.90
Jan 2018 1016.0782310959388 0.83 11.37
Feb 2018 1017.6883585361479 0.16 7.96
Mar 2018 1036.4761347627093 1.85 10.37
Apr 2018 1032.773113980377 -0.36 8.17
May 2018 1030.1057410502146 -0.26 8.59
Jun 2018 1030.4010706576091 0.03 6.59
Jul 2018 1035.8427122066246 0.53 5.72
Aug 2018 1053.1548989545772 1.67 5.50
Sep 2018 1064.8714651530377 1.11 6.85
Oct 2018 1079.8574164664992 1.41 7.93
Nov 2018 1090.9883587023294 1.03 8.81
Dec 2018 1110.5256231949581 1.79 10.20
Jan 2019 1112.6662881690593 0.19 9.51
Feb 2019 1109.7650499992553 -0.26 9.05
Mar 2019 1116.047177279999 0.57 7.68
Apr 2019 1127.371813707172 1.01 9.16
May 2019 1143.398739541808 1.42 11.00
Jun 2019 1149.7150553823344 0.55 11.58
Jul 2019 1156.2706151145323 0.57 11.63
Aug 2019 1153.3562331633584 -0.25 9.51
Sep 2019 1161.091464286063 0.67 9.04
Oct 2019 1168.201872784331 0.61 8.18
Nov 2019 1179.6287551072917 0.98 8.13
Dec 2019 1181.5959261391477 0.17 6.40
Jan 2020 1196.1057682902554 1.23 7.50
Feb 2020 1213.2730907347395 1.44 9.33
Mar 2020 1222.243577386577 0.74 9.52
Apr 2020 1198.2826081119608 -1.96 6.29
May 2020 1187.6714047679745 -0.89 3.87
Jun 2020 1194.9717698159125 0.62 3.94
Jul 2020 1210.9310651230464 1.34 4.73
Aug 2020 1212.9518800163705 0.17 5.17
Sep 2020 1222.5558886755769 0.79 5.29
Oct 2020 1237.5856196072696 1.23 5.94
Nov 2020 1270.2693503777307 2.64 7.68
Dec 2020 1283.5745634084194 1.05 8.63
Jan 2021 1272.0630132734811 -0.90 6.35
Feb 2021 1264.2546015905198 -0.61 4.20
Mar 2021 1275.701696747333 0.91 4.37
Apr 2021 1311.1323971698455 2.78 9.42
May 2021 1349.9110006520707 2.96 13.66
Jun 2021 1389.0423866971173 2.90 16.24
Jul 2021 1425.994892769366 2.66 17.76
Aug 2021 1454.025696907932 1.97 19.88
Sep 2021 1484.9844235135058 2.13 21.47
Oct 2021 1498.6674888105701 0.92 21.10
Nov 2021 1504.6674412394134 0.40 18.45
Dec 2021 1514.3988201153322 0.65 17.98
Jan 2022 1554.2843056836389 2.63 22.19
Feb 2022 1581.6062653498675 1.76 25.10
Mar 2022 1610.49167831429 1.83 26.24
Apr 2022 1616.2193757738482 0.36 23.27
May 2022 1621.2314505830875 0.31 20.10
Jun 2022 1619.237140282908 -0.12 16.57
Jul 2022 1613.1487441794982 -0.38 13.12
Aug 2022 1621.2702478798658 0.50 11.50
Sep 2022 1612.4636854424634 -0.54 8.59
Oct 2022 1610.992909136172 -0.09 7.50
Nov 2022 1602.4152049108027 -0.53 6.50
Dec 2022 1609.3212514089992 0.43 6.27
Jan 2023 1605.9372790558264 -0.21 3.32
Feb 2023 1618.4666256533033 0.78 2.33
Mar 2023 1619.0678150288868 0.04 0.53
Apr 2023 1621.6388735840128 0.16 0.34
May 2023 1616.7391263446784 -0.30 -0.28
Jun 2023 1611.9807110438455 -0.29 -0.45
Jul 2023 1619.339788176802 0.46 0.38
Aug 2023 1608.978444142071 -0.64 -0.76
Sep 2023 1616.3690812310472 0.46 0.24
Oct 2023 1622.920412365111 0.41 0.74
Nov 2023 1630.6010597825243 0.47 1.76
Dec 2023 1621.1319935529764 -0.58 0.73
Jan 2024 1606.9710173188282 -0.87 0.06
Feb 2024 1599.0620286736294 -0.49 -1.20
Mar 2024 1608.2016413515355 0.57 -0.67
Apr 2024 1615.5950368110352 0.46 -0.37
May 2024 1624.6161367985692 0.56 0.49
Jun 2024 1625.1415617056734 0.03 0.82
Jul 2024 1626.1917827204122 0.07 0.42
Aug 2024 1642.356368741163 0.99 2.07
Sep 2024 1633.4607207421002 -0.54 1.06
Oct 2024 1630.9120796989814 -0.16 0.49
Nov 2024 1627.3664445235781 -0.22 -0.20
Dec 2024 1646.3663360681821 1.17 1.56
Jan 2025 1651.7839567676858 0.33 2.79
Feb 2025 1656.936448193765 0.31 3.62
Mar 2025 1649.0297326155696 -0.48 2.54
Apr 2025 1644.7114671612337 -0.26 1.80
May 2025 1642.3654527735882 -0.14 1.09
Jun 2025 1647.4405972155264 0.31 1.37
Jul 2025 1646.85250669224 -0.04 1.27
Aug 2025 1640.1095977827877 -0.41 -0.14
Sep 2025 1646.525074132624 0.39 0.80
Oct 2025 1647.098018617739 0.04 0.99
Nov 2025 1648.8769440423955 0.11 1.32
Dec 2025 1637.7194282289076 -0.68 -0.52
Jan 2026 1639.5262945538404 0.11 -0.74
Feb 2026 1635.4587542087545 -0.25 -1.30