Zip Code: 95132 (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 95132 Zip Code (San Jose, California) in February 2026 was $3,615.222. The month over month percentage change (MoM) was -0.08%, and the year over year percentage change (YoY) was 4.82%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 95132 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 95132 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: 95132 (San Jose, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 95132 (San Jose, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 0 NaN NaN
Nov 2019 2899.557539735679 Infinity Infinity
Dec 2019 2901.979538675304 0.08 Infinity
Jan 2020 2909.2270428303727 0.25 Infinity
Feb 2020 2920.601961979986 0.39 Infinity
Mar 2020 2964.4245709066786 1.50 Infinity
Apr 2020 2935.9809856210836 -0.96 Infinity
May 2020 2891.104821900554 -1.53 Infinity
Jun 2020 2862.1727778136105 -1.00 Infinity
Jul 2020 2880.2941226663506 0.63 Infinity
Aug 2020 2888.890428949238 0.30 Infinity
Sep 2020 2909.5936762480915 0.72 Infinity
Oct 2020 2867.162402406656 -1.46 Infinity
Nov 2020 2851.715266100421 -0.54 -1.65
Dec 2020 2823.4451150013024 -0.99 -2.71
Jan 2021 2818.764957778066 -0.17 -3.11
Feb 2021 2813.2116741969617 -0.20 -3.68
Mar 2021 2794.189832579582 -0.68 -5.74
Apr 2021 2839.5891285558946 1.63 -3.28
May 2021 2891.2474225352453 1.82 0.01
Jun 2021 2952.51274740742 2.12 3.16
Jul 2021 2960.2370140264593 0.26 2.78
Aug 2021 2955.1783681109428 -0.17 2.30
Sep 2021 2930.077377686233 -0.85 0.70
Oct 2021 2977.383799639307 1.62 3.84
Nov 2021 2999.85595209778 0.76 5.20
Dec 2021 3057.7881697586763 1.93 8.30
Jan 2022 3057.1327686326217 -0.02 8.46
Feb 2022 3061.9838111754693 0.16 8.84
Mar 2022 3029.301839205209 -1.07 8.41
Apr 2022 3054.259267113309 0.82 7.56
May 2022 3055.7174719030418 0.05 5.69
Jun 2022 3090.1795909038174 1.13 4.66
Jul 2022 3085.806942695195 -0.14 4.24
Aug 2022 3132.5979665818627 1.52 6.00
Sep 2022 3173.7777398611584 1.32 8.32
Oct 2022 3172.0470061958113 -0.05 6.54
Nov 2022 3211.2383080021605 1.24 7.05
Dec 2022 3221.7981063293964 0.33 5.36
Jan 2023 3223.4661147970455 0.05 5.44
Feb 2023 3207.7009803958777 -0.49 4.76
Mar 2023 3227.004679041987 0.60 6.53
Apr 2023 3229.0366059975313 0.06 5.72
May 2023 3242.278622823556 0.41 6.11
Jun 2023 3212.4333076582893 -0.92 3.96
Jul 2023 3241.8489913642334 0.92 5.06
Aug 2023 3249.284066736078 0.23 3.73
Sep 2023 3253.3364685059782 0.13 2.51
Oct 2023 3269.6516138265256 0.50 3.08
Nov 2023 3201.848873293486 -2.07 -0.29
Dec 2023 3216.2962263827026 0.45 -0.17
Jan 2024 3237.9467571157375 0.67 0.45
Feb 2024 3343.2692838202106 3.25 4.23
Mar 2024 3375.527820139038 0.97 4.60
Apr 2024 3393.1088283336867 0.52 5.08
May 2024 3394.487735060022 0.04 4.70
Jun 2024 3411.0041119600046 0.49 6.18
Jul 2024 3426.690015345044 0.46 5.70
Aug 2024 3442.7209257132713 0.47 5.95
Sep 2024 3459.620554624173 0.49 6.34
Oct 2024 3398.9925005712144 -1.75 3.96
Nov 2024 3396.756046190833 -0.07 6.09
Dec 2024 3367.756541414826 -0.85 4.71
Jan 2025 3473.0157949843565 3.13 7.26
Feb 2025 3449.050907570751 -0.69 3.16
Mar 2025 3451.650254189125 0.08 2.26
Apr 2025 3460.700921354779 0.26 1.99
May 2025 3481.225581887053 0.59 2.56
Jun 2025 3504.488509564477 0.67 2.74
Jul 2025 3508.859194043602 0.13 2.40
Aug 2025 3513.5887833755924 0.14 2.06
Sep 2025 3521.025508139562 0.21 1.78
Oct 2025 3587.487812852077 1.89 5.55
Nov 2025 3644.396778351028 1.59 7.29
Dec 2025 3685.9324179221016 1.14 9.45
Jan 2026 3618.0222338978733 -1.84 4.18
Feb 2026 3615.222222222222 -0.08 4.82