Zip Code: 85042 (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 85042 Zip Code (Phoenix, Arizona) in February 2026 was $1,571.749. The month over month percentage change (MoM) was -1.06%, and the year over year percentage change (YoY) was -4.20%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 85042 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 85042 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: 85042 (Phoenix, Arizona) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 85042 (Phoenix, Arizona) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 780.7649592380149 NaN NaN
Feb 2015 782.6447836238641 0.24 NaN
Mar 2015 799.6865062657098 2.18 NaN
Apr 2015 811.378356838232 1.46 NaN
May 2015 815.5885520358685 0.52 NaN
Jun 2015 812.581992116883 -0.37 NaN
Jul 2015 811.8797524661743 -0.09 NaN
Aug 2015 818.4647156207637 0.81 NaN
Sep 2015 828.3654890288926 1.21 NaN
Oct 2015 839.0966265499519 1.30 NaN
Nov 2015 837.7332933876962 -0.16 NaN
Dec 2015 846.6260246461237 1.06 NaN
Jan 2016 846.2435667555659 -0.04 8.39
Feb 2016 856.5724778589299 1.22 9.45
Mar 2016 840.1345341891378 -1.92 5.06
Apr 2016 843.3105493692733 0.38 3.94
May 2016 839.7347817412572 -0.42 2.96
Jun 2016 852.8219025950322 1.56 4.95
Jul 2016 858.0852663785288 0.62 5.69
Aug 2016 868.7852887325347 1.25 6.15
Sep 2016 877.4371954893444 1.00 5.92
Oct 2016 875.9180044832456 -0.17 4.39
Nov 2016 872.2308114979122 -0.42 4.12
Dec 2016 874.6375906195188 0.28 3.31
Jan 2017 886.0324958294923 1.30 4.70
Feb 2017 886.3789402677497 0.04 3.48
Mar 2017 888.76410736802 0.27 5.79
Apr 2017 890.0727886479426 0.15 5.55
May 2017 901.6689980632991 1.30 7.38
Jun 2017 905.5381116581036 0.43 6.18
Jul 2017 912.2475461425853 0.74 6.31
Aug 2017 920.9987459284359 0.96 6.01
Sep 2017 921.5138881446292 0.06 5.02
Oct 2017 921.2783632785031 -0.03 5.18
Nov 2017 927.2690940600722 0.65 6.31
Dec 2017 944.0677195560199 1.81 7.94
Jan 2018 958.3284337392956 1.51 8.16
Feb 2018 967.0853990703039 0.91 9.11
Mar 2018 977.8094927450014 1.11 10.02
Apr 2018 982.028992074077 0.43 10.33
May 2018 989.7747287041092 0.79 9.77
Jun 2018 990.216366555054 0.05 9.35
Jul 2018 995.888096117365 0.57 9.17
Aug 2018 1001.4499678146718 0.56 8.74
Sep 2018 1018.2854758466552 1.68 10.50
Oct 2018 1033.4520712964884 1.49 12.18
Nov 2018 1040.2487314004477 0.66 12.18
Dec 2018 1030.6588739240476 -0.92 9.17
Jan 2019 1033.2482350871808 0.25 7.82
Feb 2019 1035.903347706049 0.26 7.12
Mar 2019 1044.2256622440457 0.80 6.79
Apr 2019 1054.0803567031517 0.94 7.34
May 2019 1057.6288869567165 0.34 6.86
Jun 2019 1067.6863498804132 0.95 7.82
Jul 2019 1074.0780030746373 0.60 7.85
Aug 2019 1077.931113071734 0.36 7.64
Sep 2019 1077.6203372675764 -0.03 5.83
Oct 2019 1081.7680013173635 0.39 4.68
Nov 2019 1090.2827605707441 0.79 4.81
Dec 2019 1104.2900849888395 1.29 7.14
Jan 2020 1108.5680432498384 0.39 7.29
Feb 2020 1118.3628561949172 0.88 7.96
Mar 2020 1118.5239715847752 0.01 7.12
Apr 2020 1127.0013634316008 0.76 6.92
May 2020 1125.6820559387609 -0.12 6.44
Jun 2020 1139.702142446602 1.25 6.75
Jul 2020 1170.1622379988203 2.67 8.95
Aug 2020 1188.7381238413045 1.59 10.28
Sep 2020 1191.3716369692831 0.22 10.56
Oct 2020 1185.2975448367479 -0.51 9.57
Nov 2020 1182.368074136922 -0.25 8.45
Dec 2020 1205.4623281789734 1.95 9.16
Jan 2021 1233.2290628863357 2.30 11.25
Feb 2021 1240.7962301152666 0.61 10.95
Mar 2021 1245.9682063218327 0.42 11.39
Apr 2021 1251.9600947747476 0.48 11.09
May 2021 1291.9457391905976 3.19 14.77
Jun 2021 1325.8580889093585 2.63 16.33
Jul 2021 1338.4099950337998 0.95 14.38
Aug 2021 1351.1140762645082 0.95 13.66
Sep 2021 1403.9014727241895 3.91 17.84
Oct 2021 1460.1217435878764 4.01 23.19
Nov 2021 1516.9640203325118 3.89 28.30
Dec 2021 1509.8739753160826 -0.47 25.25
Jan 2022 1516.0555863543213 0.41 22.93
Feb 2022 1521.6854414590684 0.37 22.64
Mar 2022 1551.6199111052333 1.97 24.53
Apr 2022 1575.5489725513964 1.54 25.85
May 2022 1554.0047892709324 -1.37 20.28
Jun 2022 1539.1740853669396 -0.95 16.09
Jul 2022 1541.8068951192765 0.17 15.20
Aug 2022 1583.142631286533 2.68 17.17
Sep 2022 1580.3158092556632 -0.18 12.57
Oct 2022 1577.4574873963118 -0.18 8.04
Nov 2022 1553.6158741585086 -1.51 2.42
Dec 2022 1577.2562379281696 1.52 4.46
Jan 2023 1580.7070349775368 0.22 4.26
Feb 2023 1579.3438022404073 -0.09 3.79
Mar 2023 1574.6259769863914 -0.30 1.48
Apr 2023 1569.7425124810434 -0.31 -0.37
May 2023 1599.293561693081 1.88 2.91
Jun 2023 1608.0735960440306 0.55 4.48
Jul 2023 1623.7592285108603 0.98 5.32
Aug 2023 1596.799287902433 -1.66 0.86
Sep 2023 1583.1857903265636 -0.85 0.18
Oct 2023 1569.47423979924 -0.87 -0.51
Nov 2023 1567.6004742696564 -0.12 0.90
Dec 2023 1568.0719536851423 0.03 -0.58
Jan 2024 1558.6887850088667 -0.60 -1.39
Feb 2024 1594.1911649954002 2.28 0.94
Mar 2024 1602.5095107189115 0.52 1.77
Apr 2024 1624.7510285970232 1.39 3.50
May 2024 1621.6227186034719 -0.19 1.40
Jun 2024 1632.096002806107 0.65 1.49
Jul 2024 1634.8902879595316 0.17 0.69
Aug 2024 1633.2471357204727 -0.10 2.28
Sep 2024 1616.6959364769239 -1.01 2.12
Oct 2024 1618.5642143137484 0.12 3.13
Nov 2024 1624.3055717309885 0.36 3.62
Dec 2024 1633.070725653492 0.54 4.14
Jan 2025 1651.9238498290954 1.15 5.98
Feb 2025 1640.7380363449136 -0.68 2.92
Mar 2025 1636.4127322019938 -0.26 2.12
Apr 2025 1622.0792599360777 -0.88 -0.16
May 2025 1617.3326822448032 -0.29 -0.26
Jun 2025 1610.491328721456 -0.42 -1.32
Jul 2025 1602.4984912634422 -0.50 -1.98
Aug 2025 1608.4925244999902 0.37 -1.52
Sep 2025 1625.3768286950183 1.05 0.54
Oct 2025 1627.0425835611763 0.10 0.52
Nov 2025 1622.533046333093 -0.28 -0.11
Dec 2025 1605.6847222646736 -1.04 -1.68
Jan 2026 1588.5213344902888 -1.07 -3.84
Feb 2026 1571.7491436100133 -1.06 -4.20