Zip Code: 94118 (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 94118 Zip Code (San Francisco, California) in February 2026 was $3,682.708. The month over month percentage change (MoM) was 4.59%, and the year over year percentage change (YoY) was Infinity%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 94118 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 94118 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: 94118 (San Francisco, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 94118 (San Francisco, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 2698.518102687991 Infinity Infinity
Jul 2016 2763.7571588295255 2.42 Infinity
Aug 2016 2742.049004695 -0.78 Infinity
Sep 2016 2688.8370719880722 -1.94 Infinity
Oct 2016 2638.875221484471 -1.86 Infinity
Nov 2016 2675.518891110542 1.39 Infinity
Dec 2016 2706.3182987403875 1.15 Infinity
Jan 2017 2729.6216624635003 0.86 Infinity
Feb 2017 2705.1020781496773 -0.90 Infinity
Mar 2017 2725.360173134142 0.75 Infinity
Apr 2017 2722.4711043709335 -0.11 Infinity
May 2017 2702.722773603133 -0.72 Infinity
Jun 2017 2680.1843180089945 -0.83 -0.68
Jul 2017 2680.9824361742953 0.03 -2.99
Aug 2017 2731.64351496951 1.89 -0.38
Sep 2017 2743.724006884061 0.44 2.04
Oct 2017 2766.3862179761727 0.83 4.83
Nov 2017 2748.6896207303557 -0.64 2.74
Dec 2017 2755.2040148169244 0.24 1.81
Jan 2018 2756.1282616165954 0.03 0.97
Feb 2018 2754.7537472058043 -0.05 1.84
Mar 2018 2771.7316258634487 0.62 1.70
Apr 2018 2772.634653223111 0.03 1.84
May 2018 2823.181989581189 1.82 4.46
Jun 2018 2814.767746775647 -0.30 5.02
Jul 2018 2806.8387838468375 -0.28 4.69
Aug 2018 2811.5188516327767 0.17 2.92
Sep 2018 2851.8884378812118 1.44 3.94
Oct 2018 2868.5762835716814 0.59 3.69
Nov 2018 2856.6365463436396 -0.42 3.93
Dec 2018 2816.0858381708676 -1.42 2.21
Jan 2019 2816.5101675112596 0.02 2.19
Feb 2019 2843.7784429217245 0.97 3.23
Mar 2019 2827.3029787640507 -0.58 2.01
Apr 2019 2856.122998773466 1.02 3.01
May 2019 2847.1230160244704 -0.31 0.85
Jun 2019 2879.4596856306475 1.14 2.30
Jul 2019 2888.2299363048787 0.31 2.90
Aug 2019 2882.3941583897113 -0.20 2.52
Sep 2019 2873.0877031848777 -0.32 0.74
Oct 2019 2878.884494425618 0.20 0.36
Nov 2019 2908.481180645699 1.03 1.82
Dec 2019 2953.827731188327 1.56 4.89
Jan 2020 2973.48362854134 0.67 5.57
Feb 2020 2984.260839282642 0.36 4.94
Mar 2020 2882.0272188628333 -3.43 1.94
Apr 2020 2837.6419600191134 -1.54 -0.65
May 2020 2802.659428555565 -1.23 -1.56
Jun 2020 2798.958569188896 -0.13 -2.80
Jul 2020 2771.6024672359413 -0.98 -4.04
Aug 2020 2741.8065962049186 -1.07 -4.88
Sep 2020 2692.973421938987 -1.78 -6.27
Oct 2020 2667.9547898021688 -0.93 -7.33
Nov 2020 2618.4262788136575 -1.86 -9.97
Dec 2020 2522.427083181269 -3.67 -14.60
Jan 2021 2506.7546187164917 -0.62 -15.70
Feb 2021 2558.4384910681515 2.06 -14.27
Mar 2021 2644.937211395626 3.38 -8.23
Apr 2021 2667.2346735866686 0.84 -6.00
May 2021 2670.164985117709 0.11 -4.73
Jun 2021 2676.1243563091357 0.22 -4.39
Jul 2021 2699.8491526197986 0.89 -2.59
Aug 2021 2734.978763516917 1.30 -0.25
Sep 2021 2781.1932289910733 1.69 3.28
Oct 2021 2799.1297631202656 0.65 4.92
Nov 2021 2809.3961655343396 0.37 7.29
Dec 2021 2829.844528561797 0.73 12.19
Jan 2022 2849.6246796824857 0.70 13.68
Feb 2022 2819.8527102014477 -1.04 10.22
Mar 2022 2830.154107799729 0.37 7.00
Apr 2022 2839.771143527568 0.34 6.47
May 2022 2876.135047609799 1.28 7.71
Jun 2022 2875.995845631435 0.00 7.47
Jul 2022 2875.4838059944113 -0.02 6.51
Aug 2022 2889.4502128394365 0.49 5.65
Sep 2022 2899.471620979184 0.35 4.25
Oct 2022 2922.256815939608 0.79 4.40
Nov 2022 2903.2603881139185 -0.65 3.34
Dec 2022 2925.5956681922025 0.77 3.38
Jan 2023 2909.146662958861 -0.56 2.09
Feb 2023 2944.3382664728656 1.21 4.42
Mar 2023 2927.020297857838 -0.59 3.42
Apr 2023 2921.3367839635594 -0.19 2.87
May 2023 2917.8520155098745 -0.12 1.45
Jun 2023 2931.273579358188 0.46 1.92
Jul 2023 2949.9417969818537 0.64 2.59
Aug 2023 2926.7061833623147 -0.79 1.29
Sep 2023 2924.865262296923 -0.06 0.88
Oct 2023 2926.5441136913328 0.06 0.15
Nov 2023 2914.902978000447 -0.40 0.40
Dec 2023 2930.4059549381573 0.53 0.16
Jan 2024 2941.1950617742696 0.37 1.10
Feb 2024 2973.248188032206 1.09 0.98
Mar 2024 2984.406630464566 0.38 1.96
Apr 2024 3002.2950512593384 0.60 2.77
May 2024 3035.4685796929207 1.11 4.03
Jun 2024 3028.6282337980797 -0.22 3.32
Jul 2024 3024.0437400045003 -0.15 2.51
Aug 2024 3040.3618661983874 0.54 3.88
Sep 2024 3050.1919470097723 0.32 4.29
Oct 2024 3080.6203879255436 1.00 5.27
Nov 2024 0 -100.00 -100.00
Dec 2024 3336.928344258056 Infinity 13.87
Jan 2025 3373.308092220503 1.09 14.69
Feb 2025 0 -100.00 -100.00
Mar 2025 3274.318565614537 Infinity 9.71
Apr 2025 3308.103508652377 1.03 10.19
May 2025 3325.640944080672 0.53 9.56
Jun 2025 3377.8990406188504 1.57 11.53
Jul 2025 3427.990844521937 1.48 13.36
Aug 2025 3482.071367579402 1.58 14.53
Sep 2025 3533.2314425266154 1.47 15.84
Oct 2025 3565.242187292853 0.91 15.73
Nov 2025 3484.4035874927613 -2.27 Infinity
Dec 2025 3480.4619027885155 -0.11 4.30
Jan 2026 3521.15936148281 1.17 4.38
Feb 2026 3682.7083333333335 4.59 Infinity