Zip Code: 97205 (Portland, Oregon) - 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 97205 Zip Code (Portland, Oregon) in February 2026 was $1,738.486. The month over month percentage change (MoM) was -0.38%, and the year over year percentage change (YoY) was 3.68%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 97205 zip code (Portland, Oregon). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 97205 zip code (Portland, Oregon).

You can see similar information for other Oregon 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: 97205 (Portland, Oregon) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 97205 (Portland, Oregon) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 1700.7539850959788 Infinity Infinity
Feb 2019 1677.0069925064652 -1.40 Infinity
Mar 2019 1634.4470281907886 -2.54 Infinity
Apr 2019 1641.3034924482715 0.42 Infinity
May 2019 1630.4640047190037 -0.66 Infinity
Jun 2019 1625.597943318812 -0.30 Infinity
Jul 2019 1615.765900857036 -0.60 Infinity
Aug 2019 1631.6879771612982 0.99 Infinity
Sep 2019 1634.392477077667 0.17 Infinity
Oct 2019 1664.776958841538 1.86 Infinity
Nov 2019 1646.0944267541663 -1.12 Infinity
Dec 2019 1660.3817184141822 0.87 Infinity
Jan 2020 1667.5918210744417 0.43 -1.95
Feb 2020 1725.4145770067637 3.47 2.89
Mar 2020 1691.0404575609878 -1.99 3.46
Apr 2020 1673.624184700078 -1.03 1.97
May 2020 1665.919547416675 -0.46 2.17
Jun 2020 1653.322092915159 -0.76 1.71
Jul 2020 1641.0256620036262 -0.74 1.56
Aug 2020 1601.3288458098152 -2.42 -1.86
Sep 2020 1591.2835644963213 -0.63 -2.64
Oct 2020 1570.8065686353987 -1.29 -5.64
Nov 2020 1567.5416887021079 -0.21 -4.77
Dec 2020 1552.1391104396641 -0.98 -6.52
Jan 2021 1566.816567645392 0.95 -6.04
Feb 2021 1572.2083196331141 0.34 -8.88
Mar 2021 1544.848573606612 -1.74 -8.64
Apr 2021 1528.8027786673258 -1.04 -8.65
May 2021 1548.883718695452 1.31 -7.02
Jun 2021 1597.5500027206438 3.14 -3.37
Jul 2021 1615.8168952922074 1.14 -1.54
Aug 2021 1623.7507362942176 0.49 1.40
Sep 2021 1643.9199442510542 1.24 3.31
Oct 2021 1666.2586248098762 1.36 6.08
Nov 2021 1703.999189748958 2.27 8.71
Dec 2021 1720.7438106931463 0.98 10.86
Jan 2022 1721.2748887606738 0.03 9.86
Feb 2022 1685.2210204485104 -2.10 7.19
Mar 2022 1687.2408087303788 0.12 9.22
Apr 2022 1713.6926468039376 1.57 12.09
May 2022 1723.479271704969 0.57 11.27
Jun 2022 1735.072260837996 0.67 8.61
Jul 2022 1743.9569326410292 0.51 7.93
Aug 2022 1779.932272936924 2.06 9.62
Sep 2022 1781.0139893226974 0.06 8.34
Oct 2022 1786.1169421884613 0.29 7.19
Nov 2022 1775.2223759408841 -0.61 4.18
Dec 2022 1766.0671417914336 -0.52 2.63
Jan 2023 1748.4279614401937 -1.00 1.58
Feb 2023 1765.1779295237204 0.96 4.75
Mar 2023 1789.268505130725 1.37 6.05
Apr 2023 1788.4790913522422 -0.04 4.36
May 2023 1761.9153432705111 -1.48 2.23
Jun 2023 1712.8652682128488 -2.78 -1.28
Jul 2023 1693.728939081841 -1.12 -2.88
Aug 2023 1669.0630228637992 -1.46 -6.23
Sep 2023 1667.9171672047112 -0.07 -6.35
Oct 2023 1665.714415528047 -0.13 -6.74
Nov 2023 1657.6729816351246 -0.48 -6.62
Dec 2023 1659.2441788918068 0.10 -6.05
Jan 2024 1669.796270306201 0.64 -4.50
Feb 2024 1701.6658083822567 1.91 -3.60
Mar 2024 1705.4346397609474 0.22 -4.68
Apr 2024 1695.5720746575637 -0.58 -5.19
May 2024 1688.8389907682079 -0.40 -4.15
Jun 2024 1699.9660385669333 0.66 -0.75
Jul 2024 1700.2602888988117 0.02 0.39
Aug 2024 1680.096091845981 -1.19 0.66
Sep 2024 1672.4192420992222 -0.46 0.27
Oct 2024 1676.1201086066437 0.22 0.63
Nov 2024 1680.98066446549 0.29 1.41
Dec 2024 1687.9902545718585 0.42 1.73
Jan 2025 1684.9764203292941 -0.18 0.91
Feb 2025 1676.7375471059122 -0.49 -1.46
Mar 2025 1666.0129412212177 -0.64 -2.31
Apr 2025 1671.4870693124199 0.33 -1.42
May 2025 1688.0833662773152 0.99 -0.04
Jun 2025 1700.552906610035 0.74 0.04
Jul 2025 1709.3638000240546 0.52 0.54
Aug 2025 1731.3656789508084 1.29 3.05
Sep 2025 1739.4253987235084 0.47 4.01
Oct 2025 1738.436623230147 -0.06 3.72
Nov 2025 1742.3430556618316 0.23 3.65
Dec 2025 1740.567814036911 -0.10 3.12
Jan 2026 1745.0390559670002 0.26 3.57
Feb 2026 1738.486064659978 -0.38 3.68