Zip Code: 95131 (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 95131 Zip Code (San Jose, California) in February 2026 was $3,555.071. The month over month percentage change (MoM) was 1.58%, and the year over year percentage change (YoY) was 5.89%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 95131 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 95131 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: 95131 (San Jose, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 95131 (San Jose, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 0 NaN NaN
Feb 2019 0 NaN NaN
Mar 2019 0 NaN NaN
Apr 2019 0 NaN NaN
May 2019 0 NaN NaN
Jun 2019 0 NaN NaN
Jul 2019 0 NaN NaN
Aug 2019 0 NaN NaN
Sep 2019 0 NaN NaN
Oct 2019 2913.673263149515 Infinity Infinity
Nov 2019 2946.3555832701823 1.12 Infinity
Dec 2019 2955.574394662262 0.31 Infinity
Jan 2020 3026.5086762175047 2.40 Infinity
Feb 2020 3027.4647642826494 0.03 Infinity
Mar 2020 2980.6099822102997 -1.55 Infinity
Apr 2020 2967.403759972498 -0.44 Infinity
May 2020 3006.396750998156 1.31 Infinity
Jun 2020 2999.9260119507157 -0.21 Infinity
Jul 2020 2925.903696749834 -2.47 Infinity
Aug 2020 2871.3078772835815 -1.87 Infinity
Sep 2020 2880.644085825069 0.33 Infinity
Oct 2020 2891.0631711140722 0.36 -0.78
Nov 2020 2907.5883905535493 0.57 -1.32
Dec 2020 2865.5754317154215 -1.44 -3.04
Jan 2021 2850.326093558305 -0.53 -5.82
Feb 2021 2846.867248602219 -0.12 -5.96
Mar 2021 2866.5101591243338 0.69 -3.83
Apr 2021 2845.2211662224695 -0.74 -4.12
May 2021 2815.2469258320307 -1.05 -6.36
Jun 2021 2840.5266015464304 0.90 -5.31
Jul 2021 2902.543318204716 2.18 -0.80
Aug 2021 2966.5406592472946 2.21 3.32
Sep 2021 2994.6627560605757 0.95 3.96
Oct 2021 3027.151135393362 1.09 4.71
Nov 2021 3028.9720578430934 0.06 4.18
Dec 2021 3058.013851500911 0.96 6.72
Jan 2022 3083.3984846290073 0.83 8.18
Feb 2022 3140.0490685218288 1.84 10.30
Mar 2022 3162.868548382519 0.73 10.34
Apr 2022 3198.7280067135093 1.13 12.43
May 2022 3217.6688390362824 0.59 14.29
Jun 2022 3228.8658065284226 0.35 13.67
Jul 2022 3231.3969799416673 0.08 11.33
Aug 2022 3227.6051403215474 -0.12 8.80
Sep 2022 3228.6451479955604 0.03 7.81
Oct 2022 3223.2556104218193 -0.17 6.48
Nov 2022 3205.420441101577 -0.55 5.83
Dec 2022 3199.9533179553937 -0.17 4.64
Jan 2023 3182.154009441698 -0.56 3.20
Feb 2023 3189.7503393737998 0.24 1.58
Mar 2023 3196.985695878431 0.23 1.08
Apr 2023 3187.6189551819466 -0.29 -0.35
May 2023 3196.484970313695 0.28 -0.66
Jun 2023 3194.726611847605 -0.05 -1.06
Jul 2023 3207.140888848795 0.39 -0.75
Aug 2023 3206.3057086530234 -0.03 -0.66
Sep 2023 3195.5691088076064 -0.33 -1.02
Oct 2023 3203.086989767394 0.24 -0.63
Nov 2023 3212.7631395419085 0.30 0.23
Dec 2023 3264.4861026360395 1.61 2.02
Jan 2024 3281.2786193223424 0.51 3.12
Feb 2024 3284.052327032801 0.09 2.96
Mar 2024 3243.5993208839104 -1.23 1.46
Apr 2024 3263.2601865089323 0.61 2.37
May 2024 3267.2094254545877 0.12 2.21
Jun 2024 3283.2007656853284 0.49 2.77
Jul 2024 3290.5459448580373 0.22 2.60
Aug 2024 3315.6382656579453 0.76 3.41
Sep 2024 3344.392267817789 0.87 4.66
Oct 2024 3348.920903769087 0.14 4.55
Nov 2024 3394.682579178922 1.37 5.66
Dec 2024 3375.4624118879838 -0.57 3.40
Jan 2025 3391.2053803760455 0.47 3.35
Feb 2025 3357.1825908008923 -1.00 2.23
Mar 2025 3401.174583504402 1.31 4.86
Apr 2025 3406.0116211608533 0.14 4.38
May 2025 3419.123084620646 0.39 4.65
Jun 2025 3428.7854424092106 0.28 4.43
Jul 2025 3439.2455864827793 0.31 4.52
Aug 2025 3444.5164182178933 0.15 3.89
Sep 2025 3453.2133149781016 0.25 3.25
Oct 2025 3473.984608313917 0.60 3.73
Nov 2025 3466.339745677651 -0.22 2.11
Dec 2025 3485.714800274949 0.56 3.27
Jan 2026 3499.8735553514252 0.41 3.20
Feb 2026 3555.070588235294 1.58 5.89