Zip Code: 94403 (San Mateo, 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 94403 Zip Code (San Mateo, California) in February 2026 was $3,497.19. The month over month percentage change (MoM) was 0.16%, and the year over year percentage change (YoY) was 2.69%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 94403 zip code (San Mateo, California). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 94403 zip code (San Mateo, 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: 94403 (San Mateo, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 94403 (San Mateo, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
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Month ZORI ($) 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 2915.4829667269537 Infinity Infinity
Dec 2017 2927.530531896124 0.41 Infinity
Jan 2018 2950.500279027989 0.79 Infinity
Feb 2018 2991.4838656984616 1.39 Infinity
Mar 2018 2953.324883950215 -1.28 Infinity
Apr 2018 2906.1611902729014 -1.60 Infinity
May 2018 2942.430488012271 1.25 Infinity
Jun 2018 2964.9857328956473 0.77 Infinity
Jul 2018 2987.5481054935394 0.76 Infinity
Aug 2018 2962.054286252547 -0.85 Infinity
Sep 2018 2960.9600157570017 -0.04 Infinity
Oct 2018 2982.0244415664242 0.71 Infinity
Nov 2018 3031.8545535583753 1.67 3.99
Dec 2018 3029.110974657554 -0.09 3.47
Jan 2019 3039.429354786991 0.34 3.01
Feb 2019 2972.0080453778432 -2.22 -0.65
Mar 2019 2997.4383424522966 0.86 1.49
Apr 2019 3056.9922107724633 1.99 5.19
May 2019 3066.117698809329 0.30 4.20
Jun 2019 3079.3169855490833 0.43 3.86
Jul 2019 3083.1452961391465 0.12 3.20
Aug 2019 3127.9457957670093 1.45 5.60
Sep 2019 3144.117236990228 0.52 6.19
Oct 2019 3134.7837686203234 -0.30 5.12
Nov 2019 3111.7781488851197 -0.73 2.64
Dec 2019 3126.535395655853 0.47 3.22
Jan 2020 3126.9058714467446 0.01 2.88
Feb 2020 3172.7377406338446 1.47 6.75
Mar 2020 3182.9244154831445 0.32 6.19
Apr 2020 3176.287163469719 -0.21 3.90
May 2020 3143.4432965437018 -1.03 2.52
Jun 2020 3086.6462025545875 -1.81 0.24
Jul 2020 3003.359158035613 -2.70 -2.59
Aug 2020 2944.6076071900193 -1.96 -5.86
Sep 2020 2899.5892312317314 -1.53 -7.78
Oct 2020 2890.3672493612407 -0.32 -7.80
Nov 2020 2859.7178981519814 -1.06 -8.10
Dec 2020 2834.000881819612 -0.90 -9.36
Jan 2021 2806.7012759425998 -0.96 -10.24
Feb 2021 2780.3033665494463 -0.94 -12.37
Mar 2021 2773.4280169043445 -0.25 -12.86
Apr 2021 2771.5102649707633 -0.07 -12.74
May 2021 2785.159987914905 0.49 -11.40
Jun 2021 2808.4519725483738 0.84 -9.01
Jul 2021 2862.8485613025164 1.94 -4.68
Aug 2021 2935.5158924750376 2.54 -0.31
Sep 2021 2985.6312592292406 1.71 2.97
Oct 2021 3008.105866636726 0.75 4.07
Nov 2021 3005.3072184896 -0.09 5.09
Dec 2021 3042.773747334723 1.25 7.37
Jan 2022 3066.881665069001 0.79 9.27
Feb 2022 3102.576366455176 1.16 11.59
Mar 2022 3106.401786281475 0.12 12.01
Apr 2022 3119.06386278789 0.41 12.54
May 2022 3142.265517345829 0.74 12.82
Jun 2022 3160.671610552929 0.59 12.54
Jul 2022 3170.923456133451 0.32 10.76
Aug 2022 3147.5148313809327 -0.74 7.22
Sep 2022 3135.7873612437866 -0.37 5.03
Oct 2022 3126.434136541228 -0.30 3.93
Nov 2022 3137.2241740166946 0.35 4.39
Dec 2022 3122.033599907116 -0.48 2.61
Jan 2023 3129.419793042348 0.24 2.04
Feb 2023 3142.192108241054 0.41 1.28
Mar 2023 3156.0987092183027 0.44 1.60
Apr 2023 3158.8324420642266 0.09 1.27
May 2023 3142.42751107466 -0.52 0.01
Jun 2023 3146.705517887765 0.14 -0.44
Jul 2023 3140.4354451019713 -0.20 -0.96
Aug 2023 3135.970719474276 -0.14 -0.37
Sep 2023 3130.015498588853 -0.19 -0.18
Oct 2023 3137.671316812812 0.25 0.36
Nov 2023 3148.3392993466027 0.34 0.35
Dec 2023 3154.2932376692456 0.19 1.03
Jan 2024 3152.0824218710973 -0.07 0.72
Feb 2024 3151.226634150916 -0.03 0.29
Mar 2024 3170.1908501652824 0.60 0.45
Apr 2024 3206.1276573595055 1.13 1.50
May 2024 3238.377710256004 1.01 3.05
Jun 2024 3246.880730953371 0.26 3.18
Jul 2024 3249.869208436606 0.09 3.49
Aug 2024 3261.1239899658294 0.35 3.99
Sep 2024 3272.896307454517 0.36 4.57
Oct 2024 3287.7360294982736 0.45 4.78
Nov 2024 3307.346180817294 0.60 5.05
Dec 2024 3322.0704533627277 0.45 5.32
Jan 2025 3392.4684514574196 2.12 7.63
Feb 2025 3405.717450449648 0.39 8.08
Mar 2025 3413.7995562395595 0.24 7.68
Apr 2025 3411.6111470167566 -0.06 6.41
May 2025 3419.0256170720104 0.22 5.58
Jun 2025 3435.073656823849 0.47 5.80
Jul 2025 3460.7910262455116 0.75 6.49
Aug 2025 3484.707038984628 0.69 6.86
Sep 2025 3506.3282700595655 0.62 7.13
Oct 2025 3517.664074841958 0.32 6.99
Nov 2025 3518.296856238935 0.02 6.38
Dec 2025 3527.9584695102103 0.28 6.20
Jan 2026 3491.6592575929694 -1.03 2.92
Feb 2026 3497.1898148148152 0.16 2.69