Zip Code: 85297 (Gilbert, 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 85297 Zip Code (Gilbert, Arizona) in February 2026 was $2,177.951. The month over month percentage change (MoM) was -0.39%, and the year over year percentage change (YoY) was -0.79%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 85297 zip code (Gilbert, Arizona). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 85297 zip code (Gilbert, 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: 85297 (Gilbert, Arizona) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 85297 (Gilbert, Arizona) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 1179.8620988152704 NaN NaN
Feb 2015 1188.9959437508141 0.77 NaN
Mar 2015 1197.5503394495038 0.72 NaN
Apr 2015 1215.138263670087 1.47 NaN
May 2015 1210.480281558326 -0.38 NaN
Jun 2015 1218.8315283700626 0.69 NaN
Jul 2015 1224.0385025762953 0.43 NaN
Aug 2015 1228.9046806147037 0.40 NaN
Sep 2015 1238.393867829333 0.77 NaN
Oct 2015 1233.571745100654 -0.39 NaN
Nov 2015 1234.3883315832438 0.07 NaN
Dec 2015 1235.6838450786008 0.11 NaN
Jan 2016 1242.040939368644 0.51 5.27
Feb 2016 1247.955604758296 0.48 4.96
Mar 2016 1244.8545378612396 -0.25 3.95
Apr 2016 1247.3652874309025 0.20 2.65
May 2016 1250.672023096926 0.27 3.32
Jun 2016 1257.1175564801197 0.52 3.14
Jul 2016 1255.405554802937 -0.14 2.56
Aug 2016 1265.1091004648474 0.77 2.95
Sep 2016 1266.0139770072713 0.07 2.23
Oct 2016 1272.6814993769187 0.53 3.17
Nov 2016 1272.6231647835618 0.00 3.10
Dec 2016 1279.1457201761498 0.51 3.52
Jan 2017 1292.8449146497626 1.07 4.09
Feb 2017 1298.4126221152487 0.43 4.04
Mar 2017 1301.5138512222354 0.24 4.55
Apr 2017 1299.7744360789777 -0.13 4.20
May 2017 1301.3043648564155 0.12 4.05
Jun 2017 1309.3117397039657 0.62 4.15
Jul 2017 1314.3695808767927 0.39 4.70
Aug 2017 1315.9502198018547 0.12 4.02
Sep 2017 1323.076041247353 0.54 4.51
Oct 2017 1336.3976374640117 1.01 5.01
Nov 2017 1349.3292310047075 0.97 6.03
Dec 2017 1355.547148298461 0.46 5.97
Jan 2018 1355.3896751281784 -0.01 4.84
Feb 2018 1350.8469928719294 -0.33 4.04
Mar 2018 1362.871365086932 0.89 4.71
Apr 2018 1370.2636102736726 0.54 5.42
May 2018 1388.3361230568973 1.32 6.69
Jun 2018 1381.285713877898 -0.51 5.50
Jul 2018 1393.5522161694983 0.89 6.02
Aug 2018 1399.3139076817738 0.41 6.34
Sep 2018 1405.8352253910898 0.47 6.26
Oct 2018 1404.4305813855988 -0.10 5.09
Nov 2018 1418.28819919917 0.99 5.11
Dec 2018 1421.5986510572518 0.23 4.87
Jan 2019 1432.8936776090904 0.80 5.72
Feb 2019 1447.7358975031577 1.04 7.17
Mar 2019 1454.9378097873896 0.50 6.76
Apr 2019 1467.5134028817918 0.86 7.10
May 2019 1471.0697831497912 0.24 5.96
Jun 2019 1490.788195138637 1.34 7.93
Jul 2019 1499.3331263118014 0.57 7.59
Aug 2019 1513.1687803290913 0.92 8.14
Sep 2019 1526.1717447696783 0.86 8.56
Oct 2019 1542.3740456642017 1.06 9.82
Nov 2019 1548.693128782806 0.41 9.20
Dec 2019 1566.5931951212729 1.16 10.20
Jan 2020 1580.5626527692475 0.89 10.31
Feb 2020 1596.9898543838285 1.04 10.31
Mar 2020 1576.5894109195983 -1.28 8.36
Apr 2020 1577.9232502227699 0.09 7.52
May 2020 1565.3506264785633 -0.80 6.41
Jun 2020 1596.8393617747831 2.01 7.11
Jul 2020 1613.937134687196 1.07 7.64
Aug 2020 1654.7243805336038 2.53 9.36
Sep 2020 1664.1592554402537 0.57 9.04
Oct 2020 1702.310535196439 2.29 10.37
Nov 2020 1709.3293176310024 0.41 10.37
Dec 2020 1735.0073375468921 1.50 10.75
Jan 2021 1762.531519325171 1.59 11.51
Feb 2021 1799.1400578657276 2.08 12.66
Mar 2021 1844.835289221001 2.54 17.01
Apr 2021 1862.4131752060007 0.95 18.03
May 2021 1923.7151637431728 3.29 22.89
Jun 2021 1937.1659757508612 0.70 21.31
Jul 2021 1993.466727820813 2.91 23.52
Aug 2021 2013.517581926748 1.01 21.68
Sep 2021 2051.4276801661613 1.88 23.27
Oct 2021 2061.974599630059 0.51 21.13
Nov 2021 2084.0802264181184 1.07 21.92
Dec 2021 2108.3904974708653 1.17 21.52
Jan 2022 2113.4333778797786 0.24 19.91
Feb 2022 2118.1988398423114 0.23 17.73
Mar 2022 2103.9923059301545 -0.67 14.05
Apr 2022 2129.3387098231583 1.21 14.33
May 2022 2125.47112306118 -0.18 10.49
Jun 2022 2136.612821623608 0.52 10.30
Jul 2022 2124.971061484387 -0.55 6.60
Aug 2022 2117.4697328303114 -0.35 5.16
Sep 2022 2125.971812739301 0.40 3.63
Oct 2022 2117.079264778377 -0.42 2.67
Nov 2022 2132.8779720221914 0.75 2.34
Dec 2022 2115.7777918721176 -0.80 0.35
Jan 2023 2135.435342867817 0.93 1.04
Feb 2023 2129.3493604903338 -0.28 0.53
Mar 2023 2145.1893733736774 0.74 1.96
Apr 2023 2132.308813100415 -0.60 0.14
May 2023 2139.3954045111022 0.33 0.66
Jun 2023 2147.554254988526 0.38 0.51
Jul 2023 2155.44622645966 0.37 1.43
Aug 2023 2153.4891727763993 -0.09 1.70
Sep 2023 2151.286165157474 -0.10 1.19
Oct 2023 2156.950961998876 0.26 1.88
Nov 2023 2165.3582955641687 0.39 1.52
Dec 2023 2174.155910309001 0.41 2.76
Jan 2024 2167.082769941697 -0.32 1.48
Feb 2024 2165.0656793507783 -0.09 1.68
Mar 2024 2161.902455492169 -0.15 0.78
Apr 2024 2182.534396211878 0.95 2.36
May 2024 2192.0116536920723 0.43 2.46
Jun 2024 2194.344090256143 0.11 2.18
Jul 2024 2187.878202563816 -0.29 1.51
Aug 2024 2204.0821421171822 0.74 2.35
Sep 2024 2196.2206185207506 -0.36 2.09
Oct 2024 2187.130447900625 -0.41 1.40
Nov 2024 2166.177833280963 -0.96 0.04
Dec 2024 2174.123266629645 0.37 0.00
Jan 2025 2180.670044559316 0.30 0.63
Feb 2025 2195.386940763387 0.68 1.40
Mar 2025 2196.7067469031267 0.06 1.61
Apr 2025 2186.424112945589 -0.47 0.18
May 2025 2179.1893408218843 -0.33 -0.58
Jun 2025 2175.07884800355 -0.19 -0.88
Jul 2025 2180.3561693175766 0.24 -0.34
Aug 2025 2173.269225773116 -0.32 -1.40
Sep 2025 2180.0556660703764 0.31 -0.74
Oct 2025 2187.8706043693655 0.36 0.03
Nov 2025 2197.6579293104714 0.45 1.45
Dec 2025 2191.3952677580223 -0.28 0.79
Jan 2026 2186.5920764430116 -0.22 0.27
Feb 2026 2177.951388888889 -0.39 -0.79