Zip Code: 95128 (San Jose, 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 95128 Zip Code (San Jose, California) in February 2026 was $3,131.532. The month over month percentage change (MoM) was 0.32%, and the year over year percentage change (YoY) was 2.42%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 95128 zip code (San Jose, California). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 95128 zip code (San Jose, 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: 95128 (San Jose, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 95128 (San Jose, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
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Month ZORI ($) 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 2424.9958310658317 Infinity Infinity
Oct 2016 2393.8352454091487 -1.28 Infinity
Nov 2016 2417.442834218515 0.99 Infinity
Dec 2016 2442.9143450803977 1.05 Infinity
Jan 2017 2473.195201403814 1.24 Infinity
Feb 2017 2469.558057720128 -0.15 Infinity
Mar 2017 2467.8317297703093 -0.07 Infinity
Apr 2017 2423.8915932095883 -1.78 Infinity
May 2017 2447.4346934750356 0.97 Infinity
Jun 2017 2448.34439164835 0.04 Infinity
Jul 2017 2517.177342793232 2.81 Infinity
Aug 2017 2516.963692296264 -0.01 Infinity
Sep 2017 2548.2584331050493 1.24 5.08
Oct 2017 2555.214905277561 0.27 6.74
Nov 2017 2573.8366489589007 0.73 6.47
Dec 2017 2568.371170988312 -0.21 5.14
Jan 2018 2572.2666190064433 0.15 4.01
Feb 2018 2597.153671907852 0.97 5.17
Mar 2018 2621.335667859747 0.93 6.22
Apr 2018 2637.133476588997 0.60 8.80
May 2018 2625.931658765997 -0.42 7.29
Jun 2018 2619.019836086292 -0.26 6.97
Jul 2018 2605.558993629124 -0.51 3.51
Aug 2018 2609.4046168719933 0.15 3.67
Sep 2018 2594.7209363093616 -0.56 1.82
Oct 2018 2602.0204572043613 0.28 1.83
Nov 2018 2622.7774177102287 0.80 1.90
Dec 2018 2647.307113496044 0.94 3.07
Jan 2019 2662.889369340635 0.59 3.52
Feb 2019 2645.104094036788 -0.67 1.85
Mar 2019 2640.557165507525 -0.17 0.73
Apr 2019 2657.3717123441293 0.64 0.77
May 2019 2678.7282984107446 0.80 2.01
Jun 2019 2702.6827856516893 0.89 3.19
Jul 2019 2697.8591944998093 -0.18 3.54
Aug 2019 2710.0491737012608 0.45 3.86
Sep 2019 2714.928071680668 0.18 4.63
Oct 2019 2725.7653126722876 0.40 4.76
Nov 2019 2709.272345918094 -0.60 3.30
Dec 2019 2701.3610237119024 -0.29 2.04
Jan 2020 2694.4421055463426 -0.26 1.19
Feb 2020 2707.5886038614267 0.49 2.36
Mar 2020 2734.971289136943 1.01 3.58
Apr 2020 2750.25608835584 0.56 3.50
May 2020 2737.1849584545953 -0.47 2.18
Jun 2020 2701.978233565931 -1.29 -0.03
Jul 2020 2655.1971032881142 -1.73 -1.58
Aug 2020 2639.4948144818586 -0.59 -2.60
Sep 2020 2618.645323672752 -0.79 -3.55
Oct 2020 2590.7162239769486 -1.07 -4.95
Nov 2020 2574.920733083191 -0.61 -4.96
Dec 2020 2586.388245174262 0.45 -4.26
Jan 2021 2606.485565848347 0.78 -3.26
Feb 2021 2587.4601906681414 -0.73 -4.44
Mar 2021 2559.8897592350977 -1.07 -6.40
Apr 2021 2556.389391178406 -0.14 -7.05
May 2021 2584.276639359122 1.09 -5.59
Jun 2021 2632.1639305106337 1.85 -2.58
Jul 2021 2653.863902775677 0.82 -0.05
Aug 2021 2661.1086665521652 0.27 0.82
Sep 2021 2667.616299664316 0.25 1.87
Oct 2021 2701.763956328479 1.28 4.29
Nov 2021 2743.4131317354863 1.54 6.54
Dec 2021 2765.011529234341 0.79 6.91
Jan 2022 2759.9249096284248 -0.18 5.89
Feb 2022 2785.6708264662543 0.93 7.66
Mar 2022 2826.5034497683705 1.47 10.42
Apr 2022 2869.787801553636 1.53 12.26
May 2022 2879.486146545588 0.34 11.42
Jun 2022 2890.8927261175154 0.40 9.83
Jul 2022 2911.5830978085805 0.72 9.71
Aug 2022 2919.5400845359686 0.27 9.71
Sep 2022 2945.6967526093013 0.90 10.42
Oct 2022 2959.4735938558006 0.47 9.54
Nov 2022 2956.7739931663677 -0.09 7.78
Dec 2022 2937.1011338233648 -0.66 6.22
Jan 2023 2935.177696099411 -0.06 6.35
Feb 2023 2920.2063306867167 -0.51 4.83
Mar 2023 2907.2322317847857 -0.44 2.86
Apr 2023 2883.8417641206033 -0.80 0.49
May 2023 2869.8531544128964 -0.48 -0.33
Jun 2023 2859.4754939493296 -0.36 -1.09
Jul 2023 2868.5175718426462 0.32 -1.48
Aug 2023 2893.67614920294 0.88 -0.89
Sep 2023 2894.482304546078 0.03 -1.74
Oct 2023 2879.30773174576 -0.52 -2.71
Nov 2023 2876.587038069803 -0.09 -2.71
Dec 2023 2887.28704280824 0.37 -1.70
Jan 2024 2891.367088103651 0.14 -1.49
Feb 2024 2906.1292943023905 0.51 -0.48
Mar 2024 2914.4160818981045 0.28 0.25
Apr 2024 2923.9452677051304 0.33 1.39
May 2024 2948.7502938824136 0.85 2.75
Jun 2024 2959.069468842933 0.35 3.48
Jul 2024 2970.808235725848 0.40 3.57
Aug 2024 2954.726554881995 -0.54 2.11
Sep 2024 2976.6497554299776 0.74 2.84
Oct 2024 3026.8304173245233 1.69 5.12
Nov 2024 3056.7201858391463 0.99 6.26
Dec 2024 3057.159275116406 0.01 5.88
Jan 2025 3056.575803818252 -0.02 5.71
Feb 2025 3057.5825642898294 0.03 5.21
Mar 2025 3069.578004080409 0.39 5.32
Apr 2025 3084.1545154387345 0.48 5.48
May 2025 3087.720080844905 0.12 4.71
Jun 2025 3099.919519254644 0.40 4.76
Jul 2025 3100.0765734161546 0.01 4.35
Aug 2025 3116.928414835825 0.54 5.49
Sep 2025 3112.310025022855 -0.15 4.56
Oct 2025 3095.0529453984536 -0.55 2.25
Nov 2025 3090.684654575108 -0.14 1.11
Dec 2025 3105.648408580649 0.48 1.59
Jan 2026 3121.442455311461 0.51 2.12
Feb 2026 3131.5324527959333 0.32 2.42