Zip Code: 94131 (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 94131 Zip Code (San Francisco, California) in February 2026 was $4,078.998. The month over month percentage change (MoM) was 1.32%, and the year over year percentage change (YoY) was 12.50%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 94131 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 94131 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: 94131 (San Francisco, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 94131 (San Francisco, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 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 3247.891882548507 Infinity Infinity
Feb 2019 3288.712152273483 1.26 Infinity
Mar 2019 3292.814119518733 0.13 Infinity
Apr 2019 3349.7920043721697 1.73 Infinity
May 2019 3330.9791422126814 -0.56 Infinity
Jun 2019 3300.1817308554123 -0.92 Infinity
Jul 2019 3273.3639932704377 -0.81 Infinity
Aug 2019 3277.0729906101683 0.11 Infinity
Sep 2019 3263.7191438172285 -0.41 Infinity
Oct 2019 3266.6729301593555 0.09 Infinity
Nov 2019 3284.44167309385 0.54 Infinity
Dec 2019 3304.9170460394503 0.62 Infinity
Jan 2020 3278.547783963016 -0.80 0.94
Feb 2020 3237.89896576279 -1.24 -1.54
Mar 2020 3245.186158792444 0.23 -1.45
Apr 2020 3272.8498685556233 0.85 -2.30
May 2020 3270.695047419145 -0.07 -1.81
Jun 2020 3266.027977540851 -0.14 -1.03
Jul 2020 3196.4987054273856 -2.13 -2.35
Aug 2020 3182.5180856090824 -0.44 -2.88
Sep 2020 3151.6531603610883 -0.97 -3.43
Oct 2020 3114.669568092497 -1.17 -4.65
Nov 2020 3048.466658623459 -2.13 -7.18
Dec 2020 3020.185530629312 -0.93 -8.61
Jan 2021 3015.5394696642497 -0.15 -8.02
Feb 2021 3071.594314058356 1.86 -5.14
Mar 2021 3067.1760133354483 -0.14 -5.48
Apr 2021 3065.4516745561305 -0.06 -6.34
May 2021 3044.120958849621 -0.70 -6.93
Jun 2021 3085.8577385203566 1.37 -5.52
Jul 2021 3109.573492379003 0.77 -2.72
Aug 2021 3137.532047781246 0.90 -1.41
Sep 2021 3141.2973369835804 0.12 -0.33
Oct 2021 3178.180564797881 1.17 2.04
Nov 2021 3215.2115652432362 1.17 5.47
Dec 2021 3251.5510179524676 1.13 7.66
Jan 2022 3252.623548897611 0.03 7.86
Feb 2022 3238.7243215114277 -0.43 5.44
Mar 2022 3240.536223228715 0.06 5.65
Apr 2022 3274.4817407143073 1.05 6.82
May 2022 3326.7466914319302 1.60 9.28
Jun 2022 3324.3057470123367 -0.07 7.73
Jul 2022 3316.3516498842846 -0.24 6.65
Aug 2022 3316.151014872813 -0.01 5.69
Sep 2022 3330.0317458099635 0.42 6.01
Oct 2022 3374.0049862506735 1.32 6.16
Nov 2022 3387.053974088575 0.39 5.35
Dec 2022 3386.688361894808 -0.01 4.16
Jan 2023 3375.355607323064 -0.33 3.77
Feb 2023 3349.9605932223953 -0.75 3.44
Mar 2023 3379.5621467784335 0.88 4.29
Apr 2023 3360.7867522782512 -0.56 2.64
May 2023 3370.2117377284408 0.28 1.31
Jun 2023 3359.4829232040083 -0.32 1.06
Jul 2023 3392.3596569379706 0.98 2.29
Aug 2023 3398.1421837570283 0.17 2.47
Sep 2023 3413.004535005276 0.44 2.49
Oct 2023 3395.9844868386904 -0.50 0.65
Nov 2023 3394.9005467542916 -0.03 0.23
Dec 2023 3369.0302685685992 -0.76 -0.52
Jan 2024 3390.9101084659155 0.65 0.46
Feb 2024 3413.4878583379154 0.67 1.90
Mar 2024 3459.4660953232965 1.35 2.36
Apr 2024 3460.1053160912415 0.02 2.96
May 2024 3442.5645383341407 -0.51 2.15
Jun 2024 3458.3134989153373 0.46 2.94
Jul 2024 3475.4479776801 0.50 2.45
Aug 2024 3505.1056357843117 0.85 3.15
Sep 2024 3511.712957931044 0.19 2.89
Oct 2024 3451.9848836034216 -1.70 1.65
Nov 2024 3516.630014395075 1.87 3.59
Dec 2024 3532.540899200557 0.45 4.85
Jan 2025 3603.9757597751595 2.02 6.28
Feb 2025 3625.805557082404 0.61 6.22
Mar 2025 3615.1707613178105 -0.29 4.50
Apr 2025 3660.224384246631 1.25 5.78
May 2025 3704.938455308772 1.22 7.62
Jun 2025 3745.9517306815665 1.11 8.32
Jul 2025 3767.7729526616 0.58 8.41
Aug 2025 3795.13853020281 0.73 8.28
Sep 2025 3837.339420619765 1.11 9.27
Oct 2025 3946.3329123950352 2.84 14.32
Nov 2025 3953.7277515685823 0.19 12.43
Dec 2025 4022.6179253709915 1.74 13.87
Jan 2026 4025.931501337863 0.08 11.71
Feb 2026 4078.998148148148 1.32 12.50