Zip Code: 95134 (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 95134 Zip Code (San Jose, California) in February 2026 was $3,405.017. The month over month percentage change (MoM) was 0.09%, and the year over year percentage change (YoY) was 5.93%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 95134 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 95134 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: 95134 (San Jose, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 95134 (San Jose, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
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Month ZORI ($) 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 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 2703.790664984066 Infinity Infinity
Mar 2018 2715.948138559245 0.45 Infinity
Apr 2018 2726.7101286445736 0.40 Infinity
May 2018 2747.641345364194 0.77 Infinity
Jun 2018 2769.965787175754 0.81 Infinity
Jul 2018 2795.174347180533 0.91 Infinity
Aug 2018 2816.0303411147324 0.75 Infinity
Sep 2018 2815.799213746538 -0.01 Infinity
Oct 2018 2815.8415080939353 0.00 Infinity
Nov 2018 2798.6861931770677 -0.61 Infinity
Dec 2018 2796.958660181334 -0.06 Infinity
Jan 2019 2794.232590015027 -0.10 Infinity
Feb 2019 2807.6194849039184 0.48 3.84
Mar 2019 2821.575903525579 0.50 3.89
Apr 2019 2834.3739913076333 0.45 3.95
May 2019 2820.0438363483904 -0.51 2.64
Jun 2019 2820.918228621619 0.03 1.84
Jul 2019 2820.478206689238 -0.02 0.91
Aug 2019 2824.454765821637 0.14 0.30
Sep 2019 2832.82549549849 0.30 0.61
Oct 2019 2837.9190112461097 0.18 0.78
Nov 2019 2849.964069076492 0.42 1.83
Dec 2019 2860.6391084888055 0.38 2.28
Jan 2020 2870.5012552260832 0.35 2.73
Feb 2020 2879.442690777614 0.31 2.56
Mar 2020 2882.7376768425333 0.11 2.17
Apr 2020 2852.449303373096 -1.05 0.64
May 2020 2802.6778747243 -1.74 -0.62
Jun 2020 2739.8106284570563 -2.24 -2.87
Jul 2020 2692.3975070546467 -1.73 -4.54
Aug 2020 2647.845377338309 -1.65 -6.25
Sep 2020 2610.9084335529474 -1.39 -7.83
Oct 2020 2587.6696712597522 -0.89 -8.82
Nov 2020 2574.0409698415992 -0.53 -9.68
Dec 2020 2569.1910585632518 -0.19 -10.19
Jan 2021 2570.8605441871155 0.07 -10.44
Feb 2021 2567.3508444905715 -0.14 -10.84
Mar 2021 2573.040352475577 0.22 -10.74
Apr 2021 2584.921857856862 0.46 -9.38
May 2021 2599.46607386612 0.56 -7.25
Jun 2021 2612.428685223796 0.50 -4.65
Jul 2021 2650.2230049500336 1.45 -1.57
Aug 2021 2710.8170297553875 2.29 2.38
Sep 2021 2782.3854265556515 2.64 6.57
Oct 2021 2823.7815214931284 1.49 9.12
Nov 2021 2854.1228543387906 1.07 10.88
Dec 2021 2872.2252148812177 0.63 11.80
Jan 2022 2880.0828590167303 0.27 12.03
Feb 2022 2885.1006654256753 0.17 12.38
Mar 2022 2887.974551195555 0.10 12.24
Apr 2022 2927.175241259017 1.36 13.24
May 2022 2984.2908012529133 1.95 14.80
Jun 2022 3055.9747597679448 2.40 16.98
Jul 2022 3087.808437349827 1.04 16.51
Aug 2022 3102.0264922048254 0.46 14.43
Sep 2022 3099.1835438071803 -0.09 11.39
Oct 2022 3103.480264385193 0.14 9.90
Nov 2022 3089.8526523262403 -0.44 8.26
Dec 2022 3080.414698554821 -0.30 7.25
Jan 2023 3072.822915331916 -0.25 6.69
Feb 2023 3076.8937076562306 0.13 6.65
Mar 2023 3084.0682044168084 0.23 6.79
Apr 2023 3082.8428283680864 -0.04 5.32
May 2023 3083.691761460863 0.03 3.33
Jun 2023 3069.2410367412294 -0.47 0.43
Jul 2023 3056.0231820395547 -0.43 -1.03
Aug 2023 3036.359746669755 -0.64 -2.12
Sep 2023 3014.6411044707684 -0.71 -2.73
Oct 2023 3010.9465680382027 -0.12 -2.98
Nov 2023 3018.924567411613 0.27 -2.30
Dec 2023 3050.2038724854206 1.04 -0.98
Jan 2024 3090.0361823770363 1.31 0.56
Feb 2024 3123.1481542839215 1.07 1.50
Mar 2024 3131.8650078711016 0.28 1.55
Apr 2024 3136.3126954777667 0.14 1.73
May 2024 3127.3499145143046 -0.29 1.42
Jun 2024 3129.2586974211126 0.06 1.96
Jul 2024 3139.677239586902 0.33 2.74
Aug 2024 3166.5407185090444 0.86 4.29
Sep 2024 3190.135550232153 0.75 5.82
Oct 2024 3195.8296891874634 0.18 6.14
Nov 2024 3196.328763276136 0.02 5.88
Dec 2024 3190.8960078646555 -0.17 4.61
Jan 2025 3202.498874624897 0.36 3.64
Feb 2025 3214.401243577431 0.37 2.92
Mar 2025 3229.613747173978 0.47 3.12
Apr 2025 3244.8327956055878 0.47 3.46
May 2025 3266.0627068321 0.65 4.43
Jun 2025 3283.877187989296 0.55 4.94
Jul 2025 3302.3177109959056 0.56 5.18
Aug 2025 3314.11669676732 0.36 4.66
Sep 2025 3332.877551915085 0.57 4.47
Oct 2025 3356.273943831315 0.70 5.02
Nov 2025 3382.0559253789743 0.77 5.81
Dec 2025 3400.6486276550586 0.55 6.57
Jan 2026 3401.9892487702245 0.04 6.23
Feb 2026 3405.016669975515 0.09 5.93