Zip Code: 87114 (Albuquerque, New Mexico) - 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 87114 Zip Code (Albuquerque, New Mexico) in February 2026 was $1,658.326. The month over month percentage change (MoM) was -0.67%, and the year over year percentage change (YoY) was -3.60%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 87114 zip code (Albuquerque, New Mexico). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 87114 zip code (Albuquerque, New Mexico).

You can see similar information for other New Mexico 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: 87114 (Albuquerque, New Mexico) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 87114 (Albuquerque, New Mexico) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 914.7877550218151 NaN NaN
Feb 2015 920.8223211857891 0.66 NaN
Mar 2015 936.9501433340622 1.75 NaN
Apr 2015 934.3178706103928 -0.28 NaN
May 2015 940.098014373601 0.62 NaN
Jun 2015 933.5421240825249 -0.70 NaN
Jul 2015 935.0071047469478 0.16 NaN
Aug 2015 935.285535655587 0.03 NaN
Sep 2015 931.970797504151 -0.35 NaN
Oct 2015 933.7520570166213 0.19 NaN
Nov 2015 938.3846364754444 0.50 NaN
Dec 2015 953.6922407931019 1.63 NaN
Jan 2016 955.4554430982352 0.19 4.45
Feb 2016 945.7297073348385 -1.02 2.71
Mar 2016 942.476714111715 -0.34 0.59
Apr 2016 944.3677102788043 0.20 1.08
May 2016 956.3200532420589 1.27 1.73
Jun 2016 959.358098779393 0.32 2.77
Jul 2016 961.7255561695623 0.25 2.86
Aug 2016 964.8996624990166 0.33 3.17
Sep 2016 965.3863332877855 0.05 3.59
Oct 2016 966.5672001450597 0.12 3.51
Nov 2016 958.9865118276721 -0.78 2.19
Dec 2016 949.6645078510932 -0.97 -0.42
Jan 2017 955.4893286387559 0.61 0.00
Feb 2017 968.8277355414965 1.40 2.44
Mar 2017 977.6734802816081 0.91 3.73
Apr 2017 983.0867741366363 0.55 4.10
May 2017 979.5558639524958 -0.36 2.43
Jun 2017 986.5408241644935 0.71 2.83
Jul 2017 987.1646001868525 0.06 2.65
Aug 2017 982.589762810429 -0.46 1.83
Sep 2017 978.6291752665807 -0.40 1.37
Oct 2017 983.1005844717332 0.46 1.71
Nov 2017 990.8217243565332 0.79 3.32
Dec 2017 1010.0467373700022 1.94 6.36
Jan 2018 1009.9268722473203 -0.01 5.70
Feb 2018 1010.4309563354192 0.05 4.29
Mar 2018 1005.0085345985409 -0.54 2.80
Apr 2018 1008.8709716258667 0.38 2.62
May 2018 1019.6460343014472 1.07 4.09
Jun 2018 1025.9699827117918 0.62 4.00
Jul 2018 1031.4617286801006 0.54 4.49
Aug 2018 1034.9732152160846 0.34 5.33
Sep 2018 1044.75848121874 0.95 6.76
Oct 2018 1049.8216057010122 0.49 6.79
Nov 2018 1055.6722975042912 0.56 6.55
Dec 2018 1060.7680514923836 0.48 5.02
Jan 2019 1066.4294969233022 0.53 5.60
Feb 2019 1069.7517408573488 0.31 5.87
Mar 2019 1080.1535191078658 0.97 7.48
Apr 2019 1084.6242167711043 0.41 7.51
May 2019 1085.709279564257 0.10 6.48
Jun 2019 1087.394026031381 0.16 5.99
Jul 2019 1092.8958047110918 0.51 5.96
Aug 2019 1102.4841368448042 0.88 6.52
Sep 2019 1107.3691228737596 0.44 5.99
Oct 2019 1111.174141250791 0.34 5.84
Nov 2019 1114.3884709359536 0.29 5.56
Dec 2019 1112.1655014661194 -0.20 4.85
Jan 2020 1116.6101287834467 0.40 4.71
Feb 2020 1121.1169773261788 0.40 4.80
Mar 2020 1131.0756112920792 0.89 4.71
Apr 2020 1125.7911689438663 -0.47 3.80
May 2020 1115.8426367847496 -0.88 2.78
Jun 2020 1113.7902230869977 -0.18 2.43
Jul 2020 1126.2166877363097 1.12 3.05
Aug 2020 1137.3347877311487 0.99 3.16
Sep 2020 1149.1383228689315 1.04 3.77
Oct 2020 1168.634175796385 1.70 5.17
Nov 2020 1191.0791580824905 1.92 6.88
Dec 2020 1219.4274283972609 2.38 9.64
Jan 2021 1228.2725789556953 0.73 10.00
Feb 2021 1242.2687174422256 1.14 10.81
Mar 2021 1257.282078726278 1.21 11.16
Apr 2021 1285.5430958342977 2.25 14.19
May 2021 1319.3083773095045 2.63 18.23
Jun 2021 1356.6365307781757 2.83 21.80
Jul 2021 1392.5370846671947 2.65 23.65
Aug 2021 1415.551790017386 1.65 24.46
Sep 2021 1430.8716481879574 1.08 24.52
Oct 2021 1440.3381192319177 0.66 23.25
Nov 2021 1458.47513980465 1.26 22.45
Dec 2021 1470.9818573323623 0.86 20.63
Jan 2022 1492.1426106601762 1.44 21.48
Feb 2022 1502.77433452177 0.71 20.97
Mar 2022 1517.21500648206 0.96 20.67
Apr 2022 1526.0213780118315 0.58 18.71
May 2022 1536.3340098451597 0.68 16.45
Jun 2022 1550.2623919775392 0.91 14.27
Jul 2022 1560.7648986790184 0.68 12.08
Aug 2022 1572.826831673916 0.77 11.11
Sep 2022 1591.7312599330926 1.20 11.24
Oct 2022 1606.6094909925669 0.94 11.54
Nov 2022 1615.3333534396752 0.54 10.76
Dec 2022 1616.3997659018319 0.07 9.89
Jan 2023 1627.3663243435626 0.68 9.06
Feb 2023 1634.630160880256 0.45 8.77
Mar 2023 1646.565525764861 0.73 8.53
Apr 2023 1649.4848860526106 0.18 8.09
May 2023 1659.3470603799806 0.60 8.01
Jun 2023 1651.5295267081547 -0.47 6.53
Jul 2023 1643.2382208695954 -0.50 5.28
Aug 2023 1635.7533901562854 -0.45 4.00
Sep 2023 1637.475018665055 0.11 2.87
Oct 2023 1633.0487104163276 -0.27 1.65
Nov 2023 1631.4687315528809 -0.10 1.00
Dec 2023 1639.9952022927237 0.52 1.46
Jan 2024 1645.4933236823604 0.34 1.11
Feb 2024 1653.8924207832656 0.51 1.18
Mar 2024 1649.8860444051436 -0.24 0.20
Apr 2024 1666.718067987625 1.02 1.05
May 2024 1672.3407475318334 0.34 0.78
Jun 2024 1690.7160240236547 1.10 2.37
Jul 2024 1695.656999132867 0.29 3.19
Aug 2024 1693.3373637543211 -0.14 3.52
Sep 2024 1692.8723756874804 -0.03 3.38
Oct 2024 1701.9185365180456 0.53 4.22
Nov 2024 1710.385718224837 0.50 4.84
Dec 2024 1716.1153397625028 0.34 4.64
Jan 2025 1720.9934757150515 0.28 4.59
Feb 2025 1720.1988971948201 -0.05 4.01
Mar 2025 1724.7859668411008 0.27 4.54
Apr 2025 1716.9332902533288 -0.45 3.01
May 2025 1712.7422749480636 -0.24 2.42
Jun 2025 1705.127882425398 -0.44 0.85
Jul 2025 1707.5573306068777 0.14 0.70
Aug 2025 1713.6194525778656 0.36 1.20
Sep 2025 1711.0827115164032 -0.15 1.08
Oct 2025 1703.6792659678874 -0.43 0.10
Nov 2025 1694.726255756698 -0.53 -0.92
Dec 2025 1683.0339365957698 -0.69 -1.93
Jan 2026 1669.546665306332 -0.80 -2.99
Feb 2026 1658.3263057929726 -0.67 -3.60