Zip Code: 85024 (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 85024 Zip Code (Phoenix, Arizona) in February 2026 was $1,850.867. The month over month percentage change (MoM) was 0.66%, and the year over year percentage change (YoY) was 1.13%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 85024 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 85024 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: 85024 (Phoenix, Arizona) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 85024 (Phoenix, Arizona) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 1021.9979512512895 NaN NaN
Feb 2015 1018.1436242658395 -0.38 NaN
Mar 2015 1024.4339801407148 0.62 NaN
Apr 2015 1020.5773658975838 -0.38 NaN
May 2015 1028.9192633459008 0.82 NaN
Jun 2015 1029.3510150509487 0.04 NaN
Jul 2015 1036.200586953718 0.67 NaN
Aug 2015 1037.7640395347746 0.15 NaN
Sep 2015 1050.8912732502033 1.26 NaN
Oct 2015 1059.377093803047 0.81 NaN
Nov 2015 1062.66739069163 0.31 NaN
Dec 2015 1067.381653687016 0.44 NaN
Jan 2016 1067.8598284037935 0.05 4.49
Feb 2016 1091.6291897828667 2.23 7.22
Mar 2016 1097.670063145755 0.55 7.15
Apr 2016 1105.8845885537964 0.75 8.36
May 2016 1097.7524173128072 -0.73 6.69
Jun 2016 1093.4112572757995 -0.39 6.22
Jul 2016 1085.1685141308571 -0.75 4.73
Aug 2016 1084.03083854779 -0.10 4.46
Sep 2016 1085.4700345918661 0.13 3.29
Oct 2016 1093.9612680766056 0.78 3.27
Nov 2016 1099.4842766215647 0.51 3.47
Dec 2016 1109.0128429136253 0.87 3.90
Jan 2017 1118.1204200883271 0.82 4.71
Feb 2017 1125.7692863015018 0.68 3.13
Mar 2017 1124.0659254260884 -0.15 2.40
Apr 2017 1139.7490461352622 1.40 3.06
May 2017 1146.6881310566487 0.61 4.46
Jun 2017 1156.9795535814421 0.90 5.81
Jul 2017 1159.2361070496868 0.20 6.83
Aug 2017 1165.1616295003944 0.51 7.48
Sep 2017 1172.233347959852 0.61 7.99
Oct 2017 1178.7508730783038 0.56 7.75
Nov 2017 1183.1382682826243 0.37 7.61
Dec 2017 1190.4797381833096 0.62 7.35
Jan 2018 1184.157440479543 -0.53 5.91
Feb 2018 1176.1252198248162 -0.68 4.47
Mar 2018 1176.670617476622 0.05 4.68
Apr 2018 1189.7297608395104 1.11 4.39
May 2018 1208.5877665598905 1.59 5.40
Jun 2018 1218.6388630419906 0.83 5.33
Jul 2018 1235.04716610048 1.35 6.54
Aug 2018 1238.9419645857615 0.32 6.33
Sep 2018 1255.0838184112679 1.30 7.07
Oct 2018 1254.260996143336 -0.07 6.41
Nov 2018 1271.4970132025926 1.37 7.47
Dec 2018 1273.7851781652785 0.18 7.00
Jan 2019 1293.2487781275186 1.53 9.21
Feb 2019 1302.0426332645293 0.68 10.71
Mar 2019 1319.062021312875 1.31 12.10
Apr 2019 1316.3540360786099 -0.20 10.64
May 2019 1317.2269911031747 0.07 8.99
Jun 2019 1323.3233566387428 0.46 8.59
Jul 2019 1329.5856551379084 0.47 7.66
Aug 2019 1342.9292071967354 1.00 8.39
Sep 2019 1345.1157114548787 0.16 7.17
Oct 2019 1360.0836091186814 1.11 8.44
Nov 2019 1362.6354456002427 0.19 7.17
Dec 2019 1374.8659504236389 0.90 7.94
Jan 2020 1380.860475634108 0.44 6.78
Feb 2020 1396.179047559514 1.11 7.23
Mar 2020 1387.3206195453033 -0.63 5.18
Apr 2020 1377.3321554522895 -0.72 4.63
May 2020 1377.0146104688256 -0.02 4.54
Jun 2020 1376.8717153402877 -0.01 4.05
Jul 2020 1381.8117134921383 0.36 3.93
Aug 2020 1386.2375392212825 0.32 3.23
Sep 2020 1404.0773612211465 1.29 4.38
Oct 2020 1419.4909645317473 1.10 4.37
Nov 2020 1443.6645581993912 1.70 5.95
Dec 2020 1468.6336014650817 1.73 6.82
Jan 2021 1479.092918269339 0.71 7.11
Feb 2021 1499.8345115635557 1.40 7.42
Mar 2021 1520.589837032913 1.38 9.61
Apr 2021 1567.794675049076 3.10 13.83
May 2021 1607.7514782717433 2.55 16.76
Jun 2021 1647.5302853533592 2.47 19.66
Jul 2021 1694.891187559214 2.88 22.66
Aug 2021 1738.6537106930373 2.58 25.42
Sep 2021 1774.931486015239 2.09 26.41
Oct 2021 1799.9619612660351 1.41 26.80
Nov 2021 1822.3873296341642 1.25 26.23
Dec 2021 1828.0478783522526 0.31 24.47
Jan 2022 1843.789786257418 0.86 24.66
Feb 2022 1850.1667528612559 0.35 23.36
Mar 2022 1870.470353959483 1.10 23.01
Apr 2022 1870.8603415055782 0.02 19.33
May 2022 1866.8372127933508 -0.21 16.11
Jun 2022 1872.5138737630768 0.30 13.66
Jul 2022 1876.3483649353313 0.21 10.71
Aug 2022 1870.4418077212304 -0.31 7.58
Sep 2022 1865.8509952313425 -0.24 5.12
Oct 2022 1857.1997059519385 -0.46 3.18
Nov 2022 1860.2053706829647 0.16 2.08
Dec 2022 1854.291308763105 -0.32 1.44
Jan 2023 1849.0818528827467 -0.28 0.29
Feb 2023 1853.6731421543032 0.25 0.19
Mar 2023 1869.6799124549577 0.86 -0.04
Apr 2023 1874.4832686009731 0.26 0.19
May 2023 1882.459747506172 0.43 0.84
Jun 2023 1880.8880030556584 -0.08 0.45
Jul 2023 1878.5680057250383 -0.12 0.12
Aug 2023 1874.8419341571148 -0.20 0.24
Sep 2023 1850.7221914426739 -1.29 -0.81
Oct 2023 1849.5394300514724 -0.06 -0.41
Nov 2023 1848.502060917238 -0.06 -0.63
Dec 2023 1873.3569704513395 1.35 1.03
Jan 2024 1886.5257958194545 0.70 2.03
Feb 2024 1887.5722155029048 0.06 1.83
Mar 2024 1877.0218836161025 -0.56 0.39
Apr 2024 1870.8052027326344 -0.33 -0.20
May 2024 1865.2702464056708 -0.30 -0.91
Jun 2024 1852.9675372043046 -0.66 -1.48
Jul 2024 1845.2676102443563 -0.42 -1.77
Aug 2024 1831.6606278700826 -0.74 -2.30
Sep 2024 1826.7874710968963 -0.27 -1.29
Oct 2024 1833.2778892674166 0.36 -0.88
Nov 2024 1846.955231613359 0.75 -0.08
Dec 2024 1839.9977262299888 -0.38 -1.78
Jan 2025 1848.6142488615735 0.47 -2.01
Feb 2025 1830.1890568583005 -1.00 -3.04
Mar 2025 1828.3339102653895 -0.10 -2.59
Apr 2025 1830.9565553981963 0.14 -2.13
May 2025 1832.3896967182752 0.08 -1.76
Jun 2025 1841.0324096380295 0.47 -0.64
Jul 2025 1846.494533343306 0.30 0.07
Aug 2025 1858.4230184097685 0.65 1.46
Sep 2025 1872.8473501112426 0.78 2.52
Oct 2025 1868.7595564562214 -0.22 1.94
Nov 2025 1857.0371035485991 -0.63 0.55
Dec 2025 1851.083526108303 -0.32 0.60
Jan 2026 1838.7262103936978 -0.67 -0.53
Feb 2026 1850.8666666666668 0.66 1.13