Zip Code: 94112 (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 94112 Zip Code (San Francisco, California) in February 2026 was $3,226.352. The month over month percentage change (MoM) was 0.59%, and the year over year percentage change (YoY) was 1.86%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 94112 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 94112 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: 94112 (San Francisco, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 94112 (San Francisco, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
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Month ZORI ($) 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 2472.5409410015814 Infinity Infinity
Jan 2019 2595.8374555710348 4.99 Infinity
Feb 2019 2557.436668321189 -1.48 Infinity
Mar 2019 2599.0526712352025 1.63 Infinity
Apr 2019 2547.800855165514 -1.97 Infinity
May 2019 2577.6332949930656 1.17 Infinity
Jun 2019 2583.4445333862427 0.23 Infinity
Jul 2019 2603.822023243984 0.79 Infinity
Aug 2019 2656.939494885244 2.04 Infinity
Sep 2019 2706.650878545291 1.87 Infinity
Oct 2019 2721.1985565582545 0.54 Infinity
Nov 2019 2742.4215883609413 0.78 Infinity
Dec 2019 2762.981067221897 0.75 11.75
Jan 2020 2709.110958620103 -1.95 4.36
Feb 2020 2732.1564327793644 0.85 6.83
Mar 2020 2659.659700255773 -2.65 2.33
Apr 2020 2867.455443078698 7.81 12.55
May 2020 2824.5313311609634 -1.50 9.58
Jun 2020 2838.3947073609115 0.49 9.87
Jul 2020 2780.5488427811138 -2.04 6.79
Aug 2020 2768.7083353348958 -0.43 4.21
Sep 2020 2691.3673607543674 -2.79 -0.56
Oct 2020 2668.4630397751803 -0.85 -1.94
Nov 2020 2657.493009686975 -0.41 -3.10
Dec 2020 2716.842553189398 2.23 -1.67
Jan 2021 2757.9047750867758 1.51 1.80
Feb 2021 2695.5815652533806 -2.26 -1.34
Mar 2021 2631.414953504637 -2.38 -1.06
Apr 2021 2509.5473627665024 -4.63 -12.48
May 2021 2538.659053695221 1.16 -10.12
Jun 2021 2557.092050481043 0.73 -9.91
Jul 2021 2676.6996838809523 4.68 -3.73
Aug 2021 2664.365676906168 -0.46 -3.77
Sep 2021 2740.970166683806 2.88 1.84
Oct 2021 2720.5767747154077 -0.74 1.95
Nov 2021 2790.584063480131 2.57 5.01
Dec 2021 2765.520693107038 -0.90 1.79
Jan 2022 2782.095141793394 0.60 0.88
Feb 2022 2792.288453268077 0.37 3.59
Mar 2022 2828.543298108198 1.30 7.49
Apr 2022 2860.440331605429 1.13 13.98
May 2022 2879.3759061434666 0.66 13.42
Jun 2022 2916.1535945084065 1.28 14.04
Jul 2022 2875.0512542575925 -1.41 7.41
Aug 2022 2891.145987364675 0.56 8.51
Sep 2022 2864.7853205122506 -0.91 4.52
Oct 2022 2934.067255962366 2.42 7.85
Nov 2022 2855.37206278048 -2.68 2.32
Dec 2022 2839.8095748551495 -0.55 2.69
Jan 2023 2846.0382192700226 0.22 2.30
Feb 2023 2939.91776371167 3.30 5.29
Mar 2023 3001.867448758906 2.11 6.13
Apr 2023 2985.031478023894 -0.56 4.36
May 2023 2982.1571522998 -0.10 3.57
Jun 2023 2937.9339148717745 -1.48 0.75
Jul 2023 2931.5534426812596 -0.22 1.97
Aug 2023 2979.086038071681 1.62 3.04
Sep 2023 3020.455682782099 1.39 5.43
Oct 2023 3030.077016416907 0.32 3.27
Nov 2023 2997.7095930913 -1.07 4.99
Dec 2023 3045.024802118073 1.58 7.23
Jan 2024 3026.5497962138043 -0.61 6.34
Feb 2024 2978.4290497121183 -1.59 1.31
Mar 2024 2975.4984140957777 -0.10 -0.88
Apr 2024 3004.3857564109703 0.97 0.65
May 2024 3050.5281007578765 1.54 2.29
Jun 2024 3012.4174458125713 -1.25 2.54
Jul 2024 3016.3737402300144 0.13 2.89
Aug 2024 3031.7224027377524 0.51 1.77
Sep 2024 3073.5374788501135 1.38 1.76
Oct 2024 3074.6150442489616 0.04 1.47
Nov 2024 3136.1542013927224 2.00 4.62
Dec 2024 3170.9268004069495 1.11 4.14
Jan 2025 3165.55423053431 -0.17 4.59
Feb 2025 3167.4810484165027 0.06 6.35
Mar 2025 3159.009179359944 -0.27 6.17
Apr 2025 3167.355770290326 0.26 5.42
May 2025 3151.6064159025104 -0.50 3.31
Jun 2025 3218.331998297532 2.12 6.84
Jul 2025 3246.6085279995423 0.88 7.63
Aug 2025 3229.877785538232 -0.51 6.54
Sep 2025 3200.834094246575 -0.90 4.14
Oct 2025 3202.2989382454616 0.05 4.15
Nov 2025 3204.184752525367 0.06 2.17
Dec 2025 3177.611770815402 -0.83 0.21
Jan 2026 3207.3161964164115 0.94 1.32
Feb 2026 3226.3518518518517 0.59 1.86