Zip Code: 85339 (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 85339 Zip Code (Phoenix, Arizona) in February 2026 was $2,167.418. The month over month percentage change (MoM) was -0.05%, and the year over year percentage change (YoY) was -0.21%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 85339 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 85339 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: 85339 (Phoenix, Arizona) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 85339 (Phoenix, Arizona) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 1027.9777698896846 NaN NaN
Feb 2015 1031.4349953130359 0.34 NaN
Mar 2015 1035.1572614641198 0.36 NaN
Apr 2015 1038.5453417952974 0.33 NaN
May 2015 1045.9193706744643 0.71 NaN
Jun 2015 1051.957907824029 0.58 NaN
Jul 2015 1060.9720119962944 0.86 NaN
Aug 2015 1060.1337176695704 -0.08 NaN
Sep 2015 1064.1847576418636 0.38 NaN
Oct 2015 1067.7619759116867 0.34 NaN
Nov 2015 1078.9048200085006 1.04 NaN
Dec 2015 1083.9289263899161 0.47 NaN
Jan 2016 1087.4958898256843 0.33 5.79
Feb 2016 1084.402040475388 -0.28 5.14
Mar 2016 1086.9659974597635 0.24 5.01
Apr 2016 1090.7461310699994 0.35 5.03
May 2016 1094.3928703135055 0.33 4.64
Jun 2016 1099.065490019081 0.43 4.48
Jul 2016 1103.0627430835934 0.36 3.97
Aug 2016 1111.9849639387946 0.81 4.89
Sep 2016 1114.3299315439178 0.21 4.71
Oct 2016 1120.556469591858 0.56 4.94
Nov 2016 1122.6173532584767 0.18 4.05
Dec 2016 1124.8357937750636 0.20 3.77
Jan 2017 1133.7716097408554 0.79 4.26
Feb 2017 1142.4410631394667 0.77 5.35
Mar 2017 1158.8276666854981 1.43 6.61
Apr 2017 1167.0741144349686 0.71 7.00
May 2017 1176.3944485206987 0.80 7.49
Jun 2017 1177.3315131332083 0.08 7.12
Jul 2017 1182.5602096609011 0.44 7.21
Aug 2017 1182.218140708729 -0.03 6.32
Sep 2017 1187.9909720866779 0.49 6.61
Oct 2017 1185.9985973099804 -0.17 5.84
Nov 2017 1190.2652248207212 0.36 6.03
Dec 2017 1201.0280579508815 0.90 6.77
Jan 2018 1204.9336933546151 0.33 6.28
Feb 2018 1221.9394361219058 1.41 6.96
Mar 2018 1222.1436605998458 0.02 5.46
Apr 2018 1230.7733683473423 0.71 5.46
May 2018 1230.151937401751 -0.05 4.57
Jun 2018 1236.4134086045035 0.51 5.02
Jul 2018 1248.4814204434535 0.98 5.57
Aug 2018 1258.750730680694 0.82 6.47
Sep 2018 1268.9807153294173 0.81 6.82
Oct 2018 1275.7096982762046 0.53 7.56
Nov 2018 1283.4823254723851 0.61 7.83
Dec 2018 1292.9369938536277 0.74 7.65
Jan 2019 1298.6800355272858 0.44 7.78
Feb 2019 1308.674874133839 0.77 7.10
Mar 2019 1318.0945286105054 0.72 7.85
Apr 2019 1325.245788770251 0.54 7.68
May 2019 1339.5567107994532 1.08 8.89
Jun 2019 1352.9294298050947 1.00 9.42
Jul 2019 1359.611010398438 0.49 8.90
Aug 2019 1370.143017981425 0.78 8.85
Sep 2019 1378.9707185597379 0.64 8.67
Oct 2019 1394.1563795226905 1.10 9.29
Nov 2019 1406.1516040810498 0.86 9.56
Dec 2019 1413.7107136002974 0.54 9.34
Jan 2020 1426.8609105080836 0.93 9.87
Feb 2020 1429.9625942085397 0.22 9.27
Mar 2020 1437.4719013909346 0.53 9.06
Apr 2020 1446.755843693824 0.65 9.17
May 2020 1447.0126466641452 0.02 8.02
Jun 2020 1443.4234943114375 -0.25 6.69
Jul 2020 1444.8048681713597 0.10 6.27
Aug 2020 1479.7058820310656 2.42 8.00
Sep 2020 1520.9924696671105 2.79 10.30
Oct 2020 1564.664708044319 2.87 12.23
Nov 2020 1588.708586224723 1.54 12.98
Dec 2020 1606.8529823036981 1.14 13.66
Jan 2021 1628.7900693737301 1.37 14.15
Feb 2021 1655.9751838555303 1.67 15.81
Mar 2021 1679.9910059045676 1.45 16.87
Apr 2021 1695.048946834928 0.90 17.16
May 2021 1750.1095948559232 3.25 20.95
Jun 2021 1809.4961398327935 3.39 25.36
Jul 2021 1874.9221134489485 3.62 29.77
Aug 2021 1888.8334831616799 0.74 27.65
Sep 2021 1873.9089973672637 -0.79 23.20
Oct 2021 1893.455614777284 1.04 21.01
Nov 2021 1907.6266107764945 0.75 20.07
Dec 2021 1949.0392106780857 2.17 21.30
Jan 2022 1965.4136244512097 0.84 20.67
Feb 2022 1998.1775158195103 1.67 20.67
Mar 2022 2018.176422416788 1.00 20.13
Apr 2022 2026.2646622231093 0.40 19.54
May 2022 2008.9322727685278 -0.85 14.79
Jun 2022 2005.7057130686337 -0.16 10.84
Jul 2022 2015.0037853792971 0.46 7.47
Aug 2022 2033.6938248390973 0.93 7.67
Sep 2022 2052.611043184762 0.93 9.54
Oct 2022 2046.419032692281 -0.30 8.08
Nov 2022 2054.3033225193394 0.39 7.69
Dec 2022 2059.7450685312765 0.27 5.68
Jan 2023 2064.956916411717 0.25 5.07
Feb 2023 2070.5676879480397 0.27 3.62
Mar 2023 2073.3953827733476 0.14 2.74
Apr 2023 2094.906907325875 1.04 3.39
May 2023 2109.2358011806887 0.68 4.99
Jun 2023 2110.822390744231 0.08 5.24
Jul 2023 2096.0638092415634 -0.70 4.02
Aug 2023 2083.322174178314 -0.61 2.44
Sep 2023 2093.8098036030497 0.50 2.01
Oct 2023 2102.9332405238474 0.44 2.76
Nov 2023 2119.308257603084 0.78 3.16
Dec 2023 2110.990550330904 -0.39 2.49
Jan 2024 2108.392644820676 -0.12 2.10
Feb 2024 2105.827971570031 -0.12 1.70
Mar 2024 2111.948186741234 0.29 1.86
Apr 2024 2120.7470812870774 0.42 1.23
May 2024 2120.7467020679483 0.00 0.55
Jun 2024 2128.444343391105 0.36 0.84
Jul 2024 2142.506078724397 0.66 2.22
Aug 2024 2170.5604535025777 1.31 4.19
Sep 2024 2170.6046999183773 0.00 3.67
Oct 2024 2163.0883485376444 -0.35 2.86
Nov 2024 2152.707669449161 -0.48 1.58
Dec 2024 2145.6650429577903 -0.33 1.64
Jan 2025 2165.91130679683 0.94 2.73
Feb 2025 2171.909217255501 0.28 3.14
Mar 2025 2171.6281685457116 -0.01 2.83
Apr 2025 2162.411585048597 -0.42 1.97
May 2025 2166.7183079698975 0.20 2.17
Jun 2025 2167.685098482308 0.05 1.84
Jul 2025 2168.3334446575127 0.03 1.21
Aug 2025 2156.6909997273383 -0.54 -0.64
Sep 2025 2155.310385605361 -0.06 -0.70
Oct 2025 2163.7018180329906 0.39 0.03
Nov 2025 2167.486732106674 0.18 0.69
Dec 2025 2179.66620480242 0.56 1.59
Jan 2026 2168.5787232291805 -0.51 0.12
Feb 2026 2167.417862838916 -0.05 -0.21