Zip Code: 92123 (San Diego, California) - 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 92123 Zip Code (San Diego, California) in February 2026 was $3,088.855. The month over month percentage change (MoM) was 0.76%, and the year over year percentage change (YoY) was 0.58%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 92123 zip code (San Diego, California). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 92123 zip code (San Diego, California).

You can see similar information for other California 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: 92123 (San Diego, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 92123 (San Diego, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 0 NaN NaN
Feb 2015 0 NaN NaN
Mar 2015 0 NaN NaN
Apr 2015 0 NaN NaN
May 2015 0 NaN NaN
Jun 2015 0 NaN NaN
Jul 2015 0 NaN NaN
Aug 2015 0 NaN NaN
Sep 2015 0 NaN NaN
Oct 2015 0 NaN NaN
Nov 2015 0 NaN NaN
Dec 2015 0 NaN NaN
Jan 2016 0 NaN NaN
Feb 2016 0 NaN NaN
Mar 2016 0 NaN NaN
Apr 2016 0 NaN NaN
May 2016 0 NaN NaN
Jun 2016 0 NaN NaN
Jul 2016 0 NaN NaN
Aug 2016 0 NaN NaN
Sep 2016 0 NaN NaN
Oct 2016 0 NaN NaN
Nov 2016 0 NaN NaN
Dec 2016 0 NaN NaN
Jan 2017 0 NaN NaN
Feb 2017 0 NaN NaN
Mar 2017 0 NaN NaN
Apr 2017 0 NaN NaN
May 2017 0 NaN NaN
Jun 2017 0 NaN NaN
Jul 2017 0 NaN NaN
Aug 2017 0 NaN NaN
Sep 2017 0 NaN NaN
Oct 2017 0 NaN NaN
Nov 2017 0 NaN NaN
Dec 2017 0 NaN NaN
Jan 2018 0 NaN NaN
Feb 2018 0 NaN NaN
Mar 2018 0 NaN NaN
Apr 2018 0 NaN NaN
May 2018 0 NaN NaN
Jun 2018 0 NaN NaN
Jul 2018 0 NaN NaN
Aug 2018 0 NaN NaN
Sep 2018 0 NaN NaN
Oct 2018 0 NaN NaN
Nov 2018 0 NaN NaN
Dec 2018 0 NaN NaN
Jan 2019 0 NaN NaN
Feb 2019 0 NaN NaN
Mar 2019 0 NaN NaN
Apr 2019 0 NaN NaN
May 2019 0 NaN NaN
Jun 2019 0 NaN NaN
Jul 2019 0 NaN NaN
Aug 2019 0 NaN NaN
Sep 2019 0 NaN NaN
Oct 2019 0 NaN NaN
Nov 2019 0 NaN NaN
Dec 2019 0 NaN NaN
Jan 2020 0 NaN NaN
Feb 2020 0 NaN NaN
Mar 2020 0 NaN NaN
Apr 2020 0 NaN NaN
May 2020 0 NaN NaN
Jun 2020 0 NaN NaN
Jul 2020 0 NaN NaN
Aug 2020 0 NaN NaN
Sep 2020 0 NaN NaN
Oct 2020 0 NaN NaN
Nov 2020 0 NaN NaN
Dec 2020 2305.0009963066295 Infinity Infinity
Jan 2021 2324.5882378395186 0.85 Infinity
Feb 2021 2338.8129773224905 0.61 Infinity
Mar 2021 2350.326642129752 0.49 Infinity
Apr 2021 2372.462043621253 0.94 Infinity
May 2021 2428.5035789188473 2.36 Infinity
Jun 2021 2467.016946705003 1.59 Infinity
Jul 2021 2532.4763847943136 2.65 Infinity
Aug 2021 2589.7563777167334 2.26 Infinity
Sep 2021 2685.080166506821 3.68 Infinity
Oct 2021 2738.7548313571983 2.00 Infinity
Nov 2021 2787.9450230339658 1.80 Infinity
Dec 2021 2815.0726733616625 0.97 22.13
Jan 2022 2847.6275620920474 1.16 22.50
Feb 2022 2875.0382341315853 0.96 22.93
Mar 2022 2890.274695262747 0.53 22.97
Apr 2022 2922.954000818757 1.13 23.20
May 2022 2930.757039403268 0.27 20.68
Jun 2022 2967.1676937544416 1.24 20.27
Jul 2022 2977.2057420195483 0.34 17.56
Aug 2022 2988.2494945794983 0.37 15.39
Sep 2022 2971.7476304338743 -0.55 10.68
Oct 2022 2956.028763357241 -0.53 7.93
Nov 2022 2949.2250689482853 -0.23 5.79
Dec 2022 2945.192854984328 -0.14 4.62
Jan 2023 2962.975432607707 0.60 4.05
Feb 2023 2992.0152909688645 0.98 4.07
Mar 2023 3031.1258862786717 1.31 4.87
Apr 2023 3040.1774122828997 0.30 4.01
May 2023 3039.268288261523 -0.03 3.70
Jun 2023 3038.197483972426 -0.04 2.39
Jul 2023 3034.2209136910074 -0.13 1.92
Aug 2023 3040.5931115379553 0.21 1.75
Sep 2023 3028.8236286120405 -0.39 1.92
Oct 2023 3035.6791491270606 0.23 2.70
Nov 2023 3031.4067802150075 -0.14 2.79
Dec 2023 3022.5820796719795 -0.29 2.63
Jan 2024 2998.8946519226274 -0.78 1.21
Feb 2024 2981.461890806716 -0.58 -0.35
Mar 2024 2980.3144239427893 -0.04 -1.68
Apr 2024 3000.937785015453 0.69 -1.29
May 2024 3009.3911732128645 0.28 -0.98
Jun 2024 3017.866221406316 0.28 -0.67
Jul 2024 3028.8431479890764 0.36 -0.18
Aug 2024 3039.066377503694 0.34 -0.05
Sep 2024 3045.8313242585227 0.22 0.56
Oct 2024 3039.7248532908275 -0.20 0.13
Nov 2024 3046.0216427910204 0.21 0.48
Dec 2024 3067.835720906325 0.72 1.50
Jan 2025 3086.424989792614 0.61 2.92
Feb 2025 3071.0333519192036 -0.50 3.00
Mar 2025 3060.250369051554 -0.35 2.68
Apr 2025 3043.0285881199616 -0.56 1.40
May 2025 3043.7058559543884 0.02 1.14
Jun 2025 3039.598892488752 -0.13 0.72
Jul 2025 3039.4860209545227 0.00 0.35
Aug 2025 3035.3260531736246 -0.14 -0.12
Sep 2025 3046.342243426986 0.36 0.02
Oct 2025 3059.1891189996045 0.42 0.64
Nov 2025 3066.0167283819846 0.22 0.66
Dec 2025 3063.1071841326548 -0.09 -0.15
Jan 2026 3065.5668401318767 0.08 -0.68
Feb 2026 3088.854761904762 0.76 0.58