Zip Code: 98103 (Seattle, 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 98103 Zip Code (Seattle, Washington) in February 2026 was $2,140.175. The month over month percentage change (MoM) was -0.23%, and the year over year percentage change (YoY) was 1.76%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 98103 zip code (Seattle, Washington). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 98103 zip code (Seattle, 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: 98103 (Seattle, Washington) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 98103 (Seattle, Washington) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 1408.713604046833 NaN NaN
Feb 2015 1412.2611622216207 0.25 NaN
Mar 2015 1412.6813754275431 0.03 NaN
Apr 2015 1415.0786169459464 0.17 NaN
May 2015 1415.0013566893508 0.00 NaN
Jun 2015 1440.0911828911867 1.77 NaN
Jul 2015 1454.6167150374963 1.01 NaN
Aug 2015 1477.7742756772489 1.59 NaN
Sep 2015 1483.4125941524148 0.38 NaN
Oct 2015 1491.9872221810288 0.58 NaN
Nov 2015 1509.479984660328 1.17 NaN
Dec 2015 1527.759059782418 1.21 NaN
Jan 2016 1555.5778126797502 1.82 10.43
Feb 2016 1555.1216319380594 -0.03 10.12
Mar 2016 1566.8946882494117 0.76 10.92
Apr 2016 1563.504572136657 -0.22 10.49
May 2016 1579.1740840370937 1.00 11.60
Jun 2016 1581.0716664210954 0.12 9.79
Jul 2016 1590.4533687569035 0.59 9.34
Aug 2016 1587.6423115622085 -0.18 7.44
Sep 2016 1593.000310629554 0.34 7.39
Oct 2016 1601.9170855683294 0.56 7.37
Nov 2016 1601.7378664195976 -0.01 6.11
Dec 2016 1594.9662981576519 -0.42 4.40
Jan 2017 1592.5673673953781 -0.15 2.38
Feb 2017 1604.2087074605377 0.73 3.16
Mar 2017 1620.869812046672 1.04 3.45
Apr 2017 1641.0896055429978 1.25 4.96
May 2017 1657.095721010154 0.98 4.93
Jun 2017 1662.3088333736664 0.32 5.14
Jul 2017 1658.1809071065184 -0.25 4.26
Aug 2017 1657.7159859308579 -0.03 4.41
Sep 2017 1659.3314897409043 0.10 4.16
Oct 2017 1666.662837564556 0.44 4.04
Nov 2017 1676.220420396063 0.57 4.65
Dec 2017 1685.94511121478 0.58 5.70
Jan 2018 1689.3943354482485 0.21 6.08
Feb 2018 1694.1572443877712 0.28 5.61
Mar 2018 1698.6385188847698 0.27 4.80
Apr 2018 1696.7543169506441 -0.11 3.39
May 2018 1693.4913154322696 -0.19 2.20
Jun 2018 1695.1323971115125 0.10 1.98
Jul 2018 1705.0947206790934 0.59 2.83
Aug 2018 1708.8447221694253 0.22 3.08
Sep 2018 1717.0159443192338 0.48 3.48
Oct 2018 1710.2922713624162 -0.39 2.62
Nov 2018 1711.363675090664 0.06 2.10
Dec 2018 1708.5144651757034 -0.17 1.34
Jan 2019 1716.492046567809 0.47 1.60
Feb 2019 1722.4915576673104 0.35 1.67
Mar 2019 1720.249688357574 -0.13 1.27
Apr 2019 1724.6506901163689 0.26 1.64
May 2019 1728.6721162574731 0.23 2.08
Jun 2019 1736.664893688623 0.46 2.45
Jul 2019 1741.9014242096532 0.30 2.16
Aug 2019 1752.649015933363 0.62 2.56
Sep 2019 1758.206190440241 0.32 2.40
Oct 2019 1771.8830706509968 0.78 3.60
Nov 2019 1780.809435855535 0.50 4.06
Dec 2019 1794.623507464316 0.78 5.04
Jan 2020 1802.7004394059213 0.45 5.02
Feb 2020 1810.2646565879197 0.42 5.10
Mar 2020 1823.6325669024068 0.74 6.01
Apr 2020 1810.4078411860096 -0.72 4.97
May 2020 1789.013211645531 -1.18 3.49
Jun 2020 1775.093594850434 -0.78 2.21
Jul 2020 1768.8633367234142 -0.35 1.55
Aug 2020 1764.6926390418619 -0.24 0.69
Sep 2020 1753.1818413652065 -0.65 -0.29
Oct 2020 1739.1924099452926 -0.80 -1.84
Nov 2020 1734.1592143853097 -0.29 -2.62
Dec 2020 1725.9182138614733 -0.47 -3.83
Jan 2021 1716.3515632146648 -0.55 -4.79
Feb 2021 1698.9910292873196 -1.01 -6.15
Mar 2021 1700.4426013129644 0.09 -6.75
Apr 2021 1724.8870231824485 1.44 -4.72
May 2021 1759.7379902987084 2.02 -1.64
Jun 2021 1785.368558285041 1.46 0.58
Jul 2021 1802.4324053691466 0.96 1.90
Aug 2021 1812.4855878974531 0.56 2.71
Sep 2021 1834.6776362960607 1.22 4.65
Oct 2021 1852.65258711229 0.98 6.52
Nov 2021 1871.0370865797806 0.99 7.89
Dec 2021 1889.721566381768 1.00 9.49
Jan 2022 1906.200690453838 0.87 11.06
Feb 2022 1927.8159122018742 1.13 13.47
Mar 2022 1943.5668743389167 0.82 14.30
Apr 2022 1954.5068706616125 0.56 13.31
May 2022 1956.035786315471 0.08 11.16
Jun 2022 1964.294238664649 0.42 10.02
Jul 2022 1967.9527876378393 0.19 9.18
Aug 2022 1979.594960575151 0.59 9.22
Sep 2022 1980.5035070942174 0.05 7.95
Oct 2022 1992.2458989700615 0.59 7.54
Nov 2022 1991.392463496864 -0.04 6.43
Dec 2022 1991.4689038756783 0.00 5.38
Jan 2023 1996.6297771101115 0.26 4.74
Feb 2023 2001.171375999586 0.23 3.81
Mar 2023 2006.7533997426212 0.28 3.25
Apr 2023 2001.8688117045767 -0.24 2.42
May 2023 2007.2800045157562 0.27 2.62
Jun 2023 2004.4661158213382 -0.14 2.05
Jul 2023 2012.6587891763277 0.41 2.27
Aug 2023 2019.6653955906834 0.35 2.02
Sep 2023 2031.7545811675275 0.60 2.59
Oct 2023 2029.5766826182262 -0.11 1.87
Nov 2023 2025.1142602074747 -0.22 1.69
Dec 2023 2027.069459496012 0.10 1.79
Jan 2024 2030.5119414334183 0.17 1.70
Feb 2024 2047.8165167208883 0.85 2.33
Mar 2024 2050.868245240749 0.15 2.20
Apr 2024 2058.81979558238 0.39 2.85
May 2024 2063.156306117637 0.21 2.78
Jun 2024 2064.770458887328 0.08 3.01
Jul 2024 2073.1177985856716 0.40 3.00
Aug 2024 2065.9102327968244 -0.35 2.29
Sep 2024 2066.755943520156 0.04 1.72
Oct 2024 2068.1575794724718 0.07 1.90
Nov 2024 2078.6864702716307 0.51 2.65
Dec 2024 2093.0900196770876 0.69 3.26
Jan 2025 2101.0795147673407 0.38 3.48
Feb 2025 2103.1418698952234 0.10 2.70
Mar 2025 2108.503139100536 0.26 2.81
Apr 2025 2114.8482983025697 0.30 2.72
May 2025 2119.9381382729716 0.24 2.75
Jun 2025 2129.5552578060306 0.45 3.14
Jul 2025 2129.3134535182326 -0.01 2.71
Aug 2025 2139.67774728671 0.49 3.57
Sep 2025 2142.553145355754 0.13 3.67
Oct 2025 2149.1642357314618 0.31 3.92
Nov 2025 2151.661932862398 0.12 3.51
Dec 2025 2147.0898544015527 -0.21 2.58
Jan 2026 2145.1377004423352 -0.09 2.10
Feb 2026 2140.1751914998763 -0.23 1.76