Zip Code: 94108 (San Francisco, 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 94108 Zip Code (San Francisco, California) in February 2026 was $2,956.656. The month over month percentage change (MoM) was 2.49%, and the year over year percentage change (YoY) was 14.68%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 94108 zip code (San Francisco, California). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 94108 zip code (San Francisco, 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: 94108 (San Francisco, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 94108 (San Francisco, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 2691.2964011787753 Infinity Infinity
Feb 2018 2727.9839919404367 1.36 Infinity
Mar 2018 2688.7553164600968 -1.44 Infinity
Apr 2018 2717.1743105743312 1.06 Infinity
May 2018 2679.909968269521 -1.37 Infinity
Jun 2018 2730.6443859751694 1.89 Infinity
Jul 2018 2740.4620142015697 0.36 Infinity
Aug 2018 2775.5307211165295 1.28 Infinity
Sep 2018 2738.71310265616 -1.33 Infinity
Oct 2018 2743.201550290776 0.16 Infinity
Nov 2018 2733.6878632640564 -0.35 Infinity
Dec 2018 2746.087634858723 0.45 Infinity
Jan 2019 2767.915288662204 0.80 2.85
Feb 2019 2756.529976935242 -0.41 1.05
Mar 2019 2803.2045576754435 1.69 4.26
Apr 2019 2814.1241661886993 0.39 3.57
May 2019 2847.4836128585125 1.19 6.25
Jun 2019 2798.1589816085057 -1.73 2.47
Jul 2019 2807.2500042054317 0.33 2.44
Aug 2019 2775.3909630331223 -1.13 0.00
Sep 2019 2808.382239448686 1.19 2.54
Oct 2019 2830.322390909127 0.78 3.18
Nov 2019 2843.7279963725846 0.47 4.03
Dec 2019 2816.10366263707 -0.97 2.55
Jan 2020 2771.257910883159 -1.59 0.12
Feb 2020 2768.509318289663 -0.10 0.44
Mar 2020 2800.4322372518236 1.15 -0.10
Apr 2020 2775.0046666190233 -0.91 -1.39
May 2020 2730.8972655801003 -1.59 -4.09
Jun 2020 2678.5756274515657 -1.92 -4.27
Jul 2020 2597.6569266976285 -3.02 -7.47
Aug 2020 2511.0271047959613 -3.33 -9.52
Sep 2020 2449.481465887971 -2.45 -12.78
Oct 2020 2372.108953404199 -3.16 -16.19
Nov 2020 2315.5167077247274 -2.39 -18.57
Dec 2020 2250.5710059992075 -2.80 -20.08
Jan 2021 2236.7179049966617 -0.62 -19.29
Feb 2021 2232.720474811378 -0.18 -19.35
Mar 2021 2234.169987734836 0.07 -20.22
Apr 2021 2246.1795122098074 0.54 -19.06
May 2021 2267.0226436816706 0.93 -16.99
Jun 2021 2302.3556899368095 1.56 -14.05
Jul 2021 2335.5573805881854 1.44 -10.09
Aug 2021 2390.638628202648 2.36 -4.79
Sep 2021 2416.8587957188547 1.10 -1.33
Oct 2021 2468.284486389517 2.13 4.05
Nov 2021 2489.2689744852587 0.85 7.50
Dec 2021 2555.4728544945087 2.66 13.55
Jan 2022 2567.169357686494 0.46 14.77
Feb 2022 2600.2509417105125 1.29 16.46
Mar 2022 2573.6889538996484 -1.02 15.20
Apr 2022 2581.762903535968 0.31 14.94
May 2022 2583.167258600459 0.05 13.95
Jun 2022 2568.500809745938 -0.57 11.56
Jul 2022 2557.1929379983585 -0.44 9.49
Aug 2022 2542.8199824575004 -0.56 6.37
Sep 2022 2566.7643476292074 0.94 6.20
Oct 2022 2559.059869974377 -0.30 3.68
Nov 2022 2586.001876499972 1.05 3.89
Dec 2022 2595.769275746072 0.38 1.58
Jan 2023 2598.683579887948 0.11 1.23
Feb 2023 2570.6329663902507 -1.08 -1.14
Mar 2023 2539.203678839511 -1.22 -1.34
Apr 2023 2535.682711213862 -0.14 -1.78
May 2023 2525.2041301399126 -0.41 -2.24
Jun 2023 2549.5861770450506 0.97 -0.74
Jul 2023 2542.12610825705 -0.29 -0.59
Aug 2023 2548.198524915124 0.24 0.21
Sep 2023 2508.2047624824845 -1.57 -2.28
Oct 2023 2515.9802914913926 0.31 -1.68
Nov 2023 2487.8507732699845 -1.12 -3.79
Dec 2023 2470.653431486435 -0.69 -4.82
Jan 2024 2468.848141477855 -0.07 -5.00
Feb 2024 2476.853657803846 0.32 -3.65
Mar 2024 2513.329386967785 1.47 -1.02
Apr 2024 2511.0270169352175 -0.09 -0.97
May 2024 2504.7861242536087 -0.25 -0.81
Jun 2024 2469.3624518337238 -1.41 -3.15
Jul 2024 2484.6453081087875 0.62 -2.26
Aug 2024 2479.058519478117 -0.22 -2.71
Sep 2024 2518.9918745118725 1.61 0.43
Oct 2024 2519.282552552202 0.01 0.13
Nov 2024 2578.3615731066866 2.35 3.64
Dec 2024 2572.126066425052 -0.24 4.11
Jan 2025 2595.9336788951514 0.93 5.15
Feb 2025 2578.1645195969504 -0.68 4.09
Mar 2025 2588.3574891924345 0.40 2.99
Apr 2025 2610.868828062842 0.87 3.98
May 2025 2643.0880627931137 1.23 5.52
Jun 2025 2687.1319265599745 1.67 8.82
Jul 2025 2708.432662580603 0.79 9.01
Aug 2025 2743.1292772297675 1.28 10.65
Sep 2025 2759.6653415316105 0.60 9.55
Oct 2025 2794.202412109949 1.25 10.91
Nov 2025 2796.2306268611133 0.07 8.45
Dec 2025 2852.9678608572694 2.03 10.92
Jan 2026 2884.9281036995076 1.12 11.13
Feb 2026 2956.6560846560847 2.49 14.68