Zip Code: 98004 (Bellevue, Washington) - 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 98004 Zip Code (Bellevue, Washington) in February 2026 was $2,790.278. The month over month percentage change (MoM) was -0.07%, and the year over year percentage change (YoY) was -1.53%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 98004 zip code (Bellevue, Washington). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 98004 zip code (Bellevue, Washington).

You can see similar information for other Washington 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: 98004 (Bellevue, Washington) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 98004 (Bellevue, Washington) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 2022.491773095034 Infinity Infinity
Jun 2016 2037.2948190693464 0.73 Infinity
Jul 2016 2048.15013219495 0.53 Infinity
Aug 2016 2058.141098921422 0.49 Infinity
Sep 2016 2048.7940175647045 -0.45 Infinity
Oct 2016 2058.323589691253 0.47 Infinity
Nov 2016 2066.8207975606642 0.41 Infinity
Dec 2016 2110.1341612233814 2.10 Infinity
Jan 2017 2111.53553287076 0.07 Infinity
Feb 2017 2117.779063067585 0.30 Infinity
Mar 2017 2127.2238043796624 0.45 Infinity
Apr 2017 2147.832137029647 0.97 Infinity
May 2017 2178.9040584961444 1.45 7.73
Jun 2017 2173.9072024235616 -0.23 6.71
Jul 2017 2182.7369589458563 0.41 6.57
Aug 2017 2178.0432957500143 -0.21 5.83
Sep 2017 2202.1490705894184 1.11 7.49
Oct 2017 2202.183197750823 0.00 6.99
Nov 2017 2188.91185782321 -0.60 5.91
Dec 2017 2186.635690175873 -0.10 3.63
Jan 2018 2184.574333269231 -0.09 3.46
Feb 2018 2218.94398873315 1.57 4.78
Mar 2018 2220.7040964054872 0.08 4.39
Apr 2018 2214.41520479031 -0.28 3.10
May 2018 2206.86527730954 -0.34 1.28
Jun 2018 2211.283949537124 0.20 1.72
Jul 2018 2227.386296917938 0.73 2.05
Aug 2018 2223.375805233424 -0.18 2.08
Sep 2018 2212.2260709749207 -0.50 0.46
Oct 2018 2209.638734675223 -0.12 0.34
Nov 2018 2227.114108727099 0.79 1.75
Dec 2018 2232.068733320007 0.22 2.08
Jan 2019 2241.953728952517 0.44 2.63
Feb 2019 2236.529117999597 -0.24 0.79
Mar 2019 2242.280537798149 0.26 0.97
Apr 2019 2257.045959501897 0.66 1.93
May 2019 2265.0774257345697 0.36 2.64
Jun 2019 2278.092306382278 0.57 3.02
Jul 2019 2275.8718161956895 -0.10 2.18
Aug 2019 2296.5268132000324 0.91 3.29
Sep 2019 2312.6369254915558 0.70 4.54
Oct 2019 2330.1160836963513 0.76 5.45
Nov 2019 2339.4878157581943 0.40 5.05
Dec 2019 2347.018367907145 0.32 5.15
Jan 2020 2358.877673713362 0.51 5.22
Feb 2020 2365.04579860046 0.26 5.75
Mar 2020 2354.1215846242612 -0.46 4.99
Apr 2020 2334.886426460557 -0.82 3.45
May 2020 2301.878206995451 -1.41 1.63
Jun 2020 2258.3842863706823 -1.89 -0.86
Jul 2020 2230.222487860631 -1.25 -2.01
Aug 2020 2215.055388909444 -0.68 -3.55
Sep 2020 2215.466786878681 0.02 -4.20
Oct 2020 2204.934310517797 -0.47 -5.37
Nov 2020 2210.065904763736 0.23 -5.53
Dec 2020 2205.6226453476515 -0.20 -6.02
Jan 2021 2219.196706108235 0.62 -5.92
Feb 2021 2226.5826458061965 0.33 -5.85
Mar 2021 2241.9767509674843 0.69 -4.76
Apr 2021 2260.418800202233 0.82 -3.19
May 2021 2289.8845704232417 1.30 -0.52
Jun 2021 2342.3701182190644 2.29 3.72
Jul 2021 2400.2585993971506 2.47 7.62
Aug 2021 2462.486830850676 2.59 11.17
Sep 2021 2492.2411911897243 1.21 12.49
Oct 2021 2516.4924342700115 0.97 14.13
Nov 2021 2523.829571964058 0.29 14.20
Dec 2021 2545.040479044644 0.84 15.39
Jan 2022 2562.8289861923554 0.70 15.49
Feb 2022 2592.7374890610413 1.17 16.45
Mar 2022 2601.9066086993043 0.35 16.05
Apr 2022 2622.525255060332 0.79 16.02
May 2022 2640.066576521077 0.67 15.29
Jun 2022 2655.1703261627126 0.57 13.35
Jul 2022 2656.887135894328 0.07 10.69
Aug 2022 2644.9820529933277 -0.45 7.41
Sep 2022 2655.249061012962 0.39 6.54
Oct 2022 2644.159103525182 -0.42 5.07
Nov 2022 2639.5078894344033 -0.18 4.58
Dec 2022 2618.7147757135635 -0.79 2.90
Jan 2023 2603.9821388127048 -0.56 1.61
Feb 2023 2586.154007591487 -0.68 -0.25
Mar 2023 2602.4972669559056 0.63 0.02
Apr 2023 2604.9109485508634 0.09 -0.67
May 2023 2616.2148464501515 0.43 -0.90
Jun 2023 2600.289777298102 -0.61 -2.07
Jul 2023 2600.82635042257 0.02 -2.11
Aug 2023 2602.362611810198 0.06 -1.61
Sep 2023 2607.823826760081 0.21 -1.79
Oct 2023 2638.319910727014 1.17 -0.22
Nov 2023 2658.8383748936453 0.78 0.73
Dec 2023 2690.159870589787 1.18 2.73
Jan 2024 2713.250980738448 0.86 4.20
Feb 2024 2741.2263616152313 1.03 6.00
Mar 2024 2755.556629478018 0.52 5.88
Apr 2024 2770.141822862361 0.53 6.34
May 2024 2776.639362204603 0.24 6.13
Jun 2024 2796.9274191060103 0.73 7.56
Jul 2024 2802.2104547366816 0.19 7.74
Aug 2024 2795.5304665356157 -0.24 7.42
Sep 2024 2788.8297444264613 -0.24 6.94
Oct 2024 2790.6798532320854 0.07 5.78
Nov 2024 2814.5206717566875 0.85 5.86
Dec 2024 2831.297193276012 0.60 5.25
Jan 2025 2845.9572409966763 0.52 4.89
Feb 2025 2833.5756119482344 -0.43 3.37
Mar 2025 2830.792741097786 -0.10 2.73
Apr 2025 2830.872380900587 0.00 2.19
May 2025 2831.4038902999923 0.02 1.97
Jun 2025 2833.2859556071694 0.07 1.30
Jul 2025 2839.4155153055553 0.22 1.33
Aug 2025 2855.016613904507 0.55 2.13
Sep 2025 2863.398958649172 0.29 2.67
Oct 2025 2854.9145182609473 -0.30 2.30
Nov 2025 2832.1039139116706 -0.80 0.63
Dec 2025 2810.606737668077 -0.76 -0.73
Jan 2026 2792.297571738926 -0.65 -1.88
Feb 2026 2790.2778963033197 -0.07 -1.53