Zip Code: 97206 (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 97206 Zip Code (Portland, Oregon) in February 2026 was $1,841.374. The month over month percentage change (MoM) was 0.36%, and the year over year percentage change (YoY) was 4.07%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 97206 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 97206 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: 97206 (Portland, Oregon) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 97206 (Portland, Oregon) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 1211.9166981829853 Infinity Infinity
May 2016 1207.5357374853702 -0.36 Infinity
Jun 2016 1217.224688908379 0.80 Infinity
Jul 2016 1220.6211497149013 0.28 Infinity
Aug 2016 1227.6904319267533 0.58 Infinity
Sep 2016 1232.4255079053373 0.39 Infinity
Oct 2016 1229.895898416479 -0.20 Infinity
Nov 2016 1240.3494024616311 0.85 Infinity
Dec 2016 1249.206138747085 0.71 Infinity
Jan 2017 1266.2720242313533 1.37 Infinity
Feb 2017 1270.5267400644195 0.34 Infinity
Mar 2017 1284.8479070454955 1.13 Infinity
Apr 2017 1296.9987036155376 0.95 7.02
May 2017 1293.5627874669826 -0.26 7.12
Jun 2017 1299.841077658744 0.49 6.79
Jul 2017 1295.3365126524784 -0.35 6.12
Aug 2017 1308.649037379918 1.03 6.59
Sep 2017 1305.0810119746975 -0.27 5.90
Oct 2017 1313.822305135471 0.67 6.82
Nov 2017 1303.0019896929398 -0.82 5.05
Dec 2017 1307.957014825978 0.38 4.70
Jan 2018 1309.993961890579 0.16 3.45
Feb 2018 1310.0590820490256 0.01 3.11
Mar 2018 1316.784751483993 0.51 2.49
Apr 2018 1316.7427612132565 0.00 1.52
May 2018 1328.6564730988666 0.91 2.71
Jun 2018 1313.6363622532488 -1.13 1.06
Jul 2018 1314.2862425317585 0.05 1.46
Aug 2018 1323.2237752791734 0.68 1.11
Sep 2018 1337.6507274608744 1.09 2.50
Oct 2018 1340.6127042587632 0.22 2.04
Nov 2018 1341.4378212975007 0.06 2.95
Dec 2018 1343.0148719587828 0.12 2.68
Jan 2019 1349.7683638782808 0.50 3.04
Feb 2019 1360.0244439709018 0.76 3.81
Mar 2019 1359.5399257944885 -0.04 3.25
Apr 2019 1359.944127847431 0.03 3.28
May 2019 1364.649277786791 0.35 2.71
Jun 2019 1382.3827388237428 1.30 5.23
Jul 2019 1394.0128304205543 0.84 6.07
Aug 2019 1390.1724272796491 -0.28 5.06
Sep 2019 1390.8339873775465 0.05 3.98
Oct 2019 1395.967497242018 0.37 4.13
Nov 2019 1410.3696491900896 1.03 5.14
Dec 2019 1416.477781713993 0.43 5.47
Jan 2020 1419.0805482906812 0.18 5.14
Feb 2020 1421.7268368068346 0.19 4.54
Mar 2020 1418.8832143578193 -0.20 4.37
Apr 2020 1420.420057286426 0.11 4.45
May 2020 1429.8539565783774 0.66 4.78
Jun 2020 1441.4983763728953 0.81 4.28
Jul 2020 1437.9644868276803 -0.24 3.15
Aug 2020 1442.8334642890006 0.34 3.79
Sep 2020 1448.4893124113848 0.39 4.14
Oct 2020 1459.1936806993065 0.74 4.53
Nov 2020 1468.5676421788753 0.64 4.13
Dec 2020 1467.9268973055455 -0.04 3.63
Jan 2021 1462.5221400263665 -0.37 3.06
Feb 2021 1472.4630130985167 0.68 3.57
Mar 2021 1489.6376946492114 1.17 4.99
Apr 2021 1507.9045001904628 1.23 6.16
May 2021 1514.6379885919514 0.45 5.93
Jun 2021 1522.030070717252 0.49 5.59
Jul 2021 1548.8068226892576 1.76 7.71
Aug 2021 1576.978736340869 1.82 9.30
Sep 2021 1589.0138890981016 0.76 9.70
Oct 2021 1579.6649022352644 -0.59 8.26
Nov 2021 1572.6496684282463 -0.44 7.09
Dec 2021 1587.5482629447613 0.95 8.15
Jan 2022 1609.865438971999 1.41 10.07
Feb 2022 1624.8698019700776 0.93 10.35
Mar 2022 1634.8466859644273 0.61 9.75
Apr 2022 1648.1061479784203 0.81 9.30
May 2022 1655.9684669507453 0.48 9.33
Jun 2022 1665.6408091289932 0.58 9.44
Jul 2022 1670.3111355373223 0.28 7.85
Aug 2022 1674.0690632007677 0.23 6.16
Sep 2022 1679.9765740069545 0.35 5.72
Oct 2022 1693.8257632910772 0.82 7.23
Nov 2022 1706.3005683459667 0.74 8.50
Dec 2022 1708.2693435230901 0.12 7.60
Jan 2023 1716.459196736933 0.48 6.62
Feb 2023 1725.1376549401539 0.51 6.17
Mar 2023 1722.173380753268 -0.17 5.34
Apr 2023 1711.1803343583827 -0.64 3.83
May 2023 1699.6978165173973 -0.67 2.64
Jun 2023 1695.9236180772905 -0.22 1.82
Jul 2023 1690.51537242948 -0.32 1.21
Aug 2023 1682.8626568951938 -0.45 0.53
Sep 2023 1698.1315024150883 0.91 1.08
Oct 2023 1702.414985752384 0.25 0.51
Nov 2023 1716.1623907014368 0.81 0.58
Dec 2023 1717.6709820516385 0.09 0.55
Jan 2024 1724.2624864565678 0.38 0.46
Feb 2024 1729.1481593883086 0.28 0.23
Mar 2024 1731.5310282412258 0.14 0.54
Apr 2024 1735.2287390938382 0.21 1.41
May 2024 1747.8744293569932 0.73 2.83
Jun 2024 1760.1440852578428 0.70 3.79
Jul 2024 1767.7299074960888 0.43 4.57
Aug 2024 1759.1284428074036 -0.49 4.53
Sep 2024 1757.2096470725587 -0.11 3.48
Oct 2024 1767.564869499615 0.59 3.83
Nov 2024 1775.6127330576296 0.46 3.46
Dec 2024 1772.9451677752418 -0.15 3.22
Jan 2025 1768.1071198135844 -0.27 2.54
Feb 2025 1769.3022128933114 0.07 2.32
Mar 2025 1777.0030129658558 0.44 2.63
Apr 2025 1786.807596450042 0.55 2.97
May 2025 1791.371421528236 0.26 2.49
Jun 2025 1792.0462335699988 0.04 1.81
Jul 2025 1797.4632129239794 0.30 1.68
Aug 2025 1816.5711247506488 1.06 3.27
Sep 2025 1819.4042765709642 0.16 3.54
Oct 2025 1817.3950086187424 -0.11 2.82
Nov 2025 1813.0495438663818 -0.24 2.11
Dec 2025 1824.7822883799872 0.65 2.92
Jan 2026 1834.6925656863073 0.54 3.77
Feb 2026 1841.3735732866169 0.36 4.07