Zip Code: 94306 (Palo Alto, 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 94306 Zip Code (Palo Alto, California) in February 2026 was $3,260.086. The month over month percentage change (MoM) was -0.19%, and the year over year percentage change (YoY) was 4.94%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 94306 zip code (Palo Alto, California). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 94306 zip code (Palo Alto, 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: 94306 (Palo Alto, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 94306 (Palo Alto, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
1 – 10 of 134
Month ZORI ($) 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 2592.4959026512643 Infinity Infinity
Jul 2016 2671.314366040263 3.04 Infinity
Aug 2016 2658.363984167497 -0.48 Infinity
Sep 2016 2662.120853606659 0.14 Infinity
Oct 2016 2634.5495259487984 -1.04 Infinity
Nov 2016 2648.3535271983533 0.52 Infinity
Dec 2016 2643.8142726505125 -0.17 Infinity
Jan 2017 2669.5911693336734 0.98 Infinity
Feb 2017 2685.5101739495058 0.60 Infinity
Mar 2017 2742.259714099115 2.11 Infinity
Apr 2017 2729.8921626968263 -0.45 Infinity
May 2017 2734.3710352147928 0.16 Infinity
Jun 2017 2720.7764461727643 -0.50 4.95
Jul 2017 2711.656764847178 -0.33 1.51
Aug 2017 2716.0381587316865 0.16 2.17
Sep 2017 2743.1865346686113 1.00 3.05
Oct 2017 2750.3311216381585 0.26 4.39
Nov 2017 2747.2509937167883 -0.11 3.73
Dec 2017 2756.993071938836 0.36 4.28
Jan 2018 2771.799825559578 0.54 3.83
Feb 2018 2793.657392209583 0.79 4.03
Mar 2018 2775.6686149453585 -0.64 1.22
Apr 2018 2813.608937153224 1.37 3.07
May 2018 2806.586325401471 -0.25 2.64
Jun 2018 2807.5595929114793 0.04 3.19
Jul 2018 2801.2903999160953 -0.22 3.31
Aug 2018 2829.072190831897 0.99 4.16
Sep 2018 2844.0532479737903 0.53 3.68
Oct 2018 2849.195769792102 0.18 3.60
Nov 2018 2845.2191405262306 -0.14 3.57
Dec 2018 2861.6671682562996 0.58 3.80
Jan 2019 2862.4729345826586 0.03 3.27
Feb 2019 2843.1275620436363 -0.68 1.77
Mar 2019 2827.356092401908 -0.56 1.86
Apr 2019 2833.011742925869 0.20 0.69
May 2019 2849.091330278644 0.57 1.51
Jun 2019 2881.4816020489648 1.14 2.63
Jul 2019 2885.1453663788097 0.13 2.99
Aug 2019 2876.7639868420274 -0.29 1.69
Sep 2019 2862.0567910427117 -0.51 0.63
Oct 2019 2870.113504273761 0.28 0.73
Nov 2019 2881.9527197417365 0.41 1.29
Dec 2019 2876.346065168078 -0.19 0.51
Jan 2020 2873.37957680877 -0.10 0.38
Feb 2020 2883.41752213872 0.35 1.42
Mar 2020 2909.8901569925306 0.92 2.92
Apr 2020 2887.462593538595 -0.77 1.92
May 2020 2847.1966311533993 -1.39 -0.07
Jun 2020 2842.956523150417 -0.15 -1.34
Jul 2020 2808.8458898846156 -1.20 -2.64
Aug 2020 2758.81803702561 -1.78 -4.10
Sep 2020 2717.506349995777 -1.50 -5.05
Oct 2020 2678.965132493219 -1.42 -6.66
Nov 2020 2685.5129199344133 0.24 -6.82
Dec 2020 2629.1729384399823 -2.10 -8.59
Jan 2021 2647.792702997683 0.71 -7.85
Feb 2021 2627.258961702249 -0.78 -8.88
Mar 2021 2632.9500039577806 0.22 -9.52
Apr 2021 2646.8178149253285 0.53 -8.33
May 2021 2688.3756484066184 1.57 -5.58
Jun 2021 2711.012386891663 0.84 -4.64
Jul 2021 2725.8617632307287 0.55 -2.95
Aug 2021 2730.0773142082435 0.16 -1.04
Sep 2021 2790.468574185955 2.21 2.69
Oct 2021 2806.326986968763 0.57 4.75
Nov 2021 2815.2214084988354 0.32 4.83
Dec 2021 2824.6068133133267 0.33 7.43
Jan 2022 2824.4557946752207 0.00 6.67
Feb 2022 2841.007697256726 0.59 8.14
Mar 2022 2856.073294123902 0.53 8.47
Apr 2022 2894.4245686138656 1.34 9.36
May 2022 2905.700550862923 0.39 8.08
Jun 2022 2913.130194865296 0.26 7.46
Jul 2022 2920.0471621644388 0.24 7.12
Aug 2022 2952.8006294416723 1.12 8.16
Sep 2022 2964.7686724591804 0.41 6.25
Oct 2022 2977.993946989046 0.45 6.12
Nov 2022 2995.659683043236 0.59 6.41
Dec 2022 3018.026225533761 0.75 6.85
Jan 2023 3033.7394756224753 0.52 7.41
Feb 2023 3020.959490481968 -0.42 6.33
Mar 2023 3023.5279122136926 0.09 5.86
Apr 2023 3003.4278468254342 -0.66 3.77
May 2023 2986.810835813245 -0.55 2.79
Jun 2023 2961.8634443006013 -0.83 1.67
Jul 2023 2973.9169452225105 0.41 1.85
Aug 2023 2989.757896529733 0.53 1.25
Sep 2023 2976.0560108946984 -0.46 0.38
Oct 2023 3003.733312496339 0.93 0.86
Nov 2023 2995.641043672267 -0.27 0.00
Dec 2023 3014.502072505966 0.63 -0.12
Jan 2024 2993.860985862906 -0.68 -1.31
Feb 2024 3012.2307819963466 0.61 -0.29
Mar 2024 3033.1909845682044 0.70 0.32
Apr 2024 3035.233575647896 0.07 1.06
May 2024 3048.2601086782242 0.43 2.06
Jun 2024 3053.559656043528 0.17 3.10
Jul 2024 3066.0478389601544 0.41 3.10
Aug 2024 3070.6948235641007 0.15 2.71
Sep 2024 3074.5563414337853 0.13 3.31
Oct 2024 3042.1750478735985 -1.05 1.28
Nov 2024 3028.038916792186 -0.46 1.08
Dec 2024 3034.395604972717 0.21 0.66
Jan 2025 3077.4571701809577 1.42 2.79
Feb 2025 3106.7422549133553 0.95 3.14
Mar 2025 3107.393334673446 0.02 2.45
Apr 2025 3128.49377697921 0.68 3.07
May 2025 3143.9986140492138 0.50 3.14
Jun 2025 3171.0392400990218 0.86 3.85
Jul 2025 3174.7657349869573 0.12 3.55
Aug 2025 3178.04169831747 0.10 3.50
Sep 2025 3199.79765861119 0.69 4.07
Oct 2025 3230.755783960816 0.97 6.20
Nov 2025 3265.679155392406 1.08 7.85
Dec 2025 3269.7749732436973 0.13 7.76
Jan 2026 3266.4684054438876 -0.10 6.14
Feb 2026 3260.0858585858587 -0.19 4.94