Zip Code: 98512 (Olympia, 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 98512 Zip Code (Olympia, Washington) in February 2026 was $1,889.53. The month over month percentage change (MoM) was -0.47%, and the year over year percentage change (YoY) was 0.96%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 98512 zip code (Olympia, Washington). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 98512 zip code (Olympia, 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: 98512 (Olympia, Washington) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 98512 (Olympia, Washington) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 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 0 NaN NaN
Feb 2019 0 NaN NaN
Mar 2019 0 NaN NaN
Apr 2019 0 NaN NaN
May 2019 0 NaN NaN
Jun 2019 0 NaN NaN
Jul 2019 0 NaN NaN
Aug 2019 0 NaN NaN
Sep 2019 0 NaN NaN
Oct 2019 0 NaN NaN
Nov 2019 0 NaN NaN
Dec 2019 0 NaN NaN
Jan 2020 0 NaN NaN
Feb 2020 0 NaN NaN
Mar 2020 0 NaN NaN
Apr 2020 0 NaN NaN
May 2020 0 NaN NaN
Jun 2020 0 NaN NaN
Jul 2020 0 NaN NaN
Aug 2020 0 NaN NaN
Sep 2020 0 NaN NaN
Oct 2020 0 NaN NaN
Nov 2020 0 NaN NaN
Dec 2020 0 NaN NaN
Jan 2021 0 NaN NaN
Feb 2021 0 NaN NaN
Mar 2021 0 NaN NaN
Apr 2021 0 NaN NaN
May 2021 1582.4857248072394 Infinity Infinity
Jun 2021 1614.1073007170166 2.00 Infinity
Jul 2021 1623.904191120765 0.61 Infinity
Aug 2021 1627.5311896555445 0.22 Infinity
Sep 2021 1630.2392766641651 0.17 Infinity
Oct 2021 1658.0589998476155 1.71 Infinity
Nov 2021 1693.8849468889337 2.16 Infinity
Dec 2021 1727.6749772780638 2.00 Infinity
Jan 2022 1752.2342760723932 1.42 Infinity
Feb 2022 1750.4267104658 -0.10 Infinity
Mar 2022 1750.6748156769086 0.01 Infinity
Apr 2022 1742.6861146588972 -0.46 Infinity
May 2022 1756.2268929326547 0.78 10.98
Jun 2022 1774.426851287655 1.04 9.93
Jul 2022 1786.3485786277058 0.67 10.00
Aug 2022 1793.1589116284958 0.38 10.18
Sep 2022 1780.5028591462087 -0.71 9.22
Oct 2022 1770.2654974883103 -0.57 6.77
Nov 2022 1762.3535878009009 -0.45 4.04
Dec 2022 1757.8372012617099 -0.26 1.75
Jan 2023 1754.4663715341203 -0.19 0.13
Feb 2023 1765.301946849648 0.62 0.85
Mar 2023 1781.0197396479527 0.89 1.73
Apr 2023 1797.2350165563353 0.91 3.13
May 2023 1783.9718349968996 -0.74 1.58
Jun 2023 1772.9170302036835 -0.62 -0.08
Jul 2023 1771.362035972254 -0.09 -0.84
Aug 2023 1786.4772810638028 0.85 -0.37
Sep 2023 1815.321005370625 1.62 1.96
Oct 2023 1828.5692048274109 0.73 3.29
Nov 2023 1830.3063068583162 0.10 3.86
Dec 2023 1821.7421502246418 -0.47 3.64
Jan 2024 1816.1992477822748 -0.30 3.52
Feb 2024 1816.3951873611948 0.01 2.89
Mar 2024 1817.023127782698 0.04 2.02
Apr 2024 1810.5356686966788 -0.36 0.74
May 2024 1824.639470400925 0.78 2.28
Jun 2024 1820.9055167498975 -0.20 2.71
Jul 2024 1830.9215077646013 0.55 3.36
Aug 2024 1833.741027288854 0.15 2.65
Sep 2024 1851.5581545369273 0.97 2.00
Oct 2024 1853.5402464677627 0.11 1.37
Nov 2024 1844.754576603355 -0.47 0.79
Dec 2024 1861.6297348167598 0.92 2.19
Jan 2025 1855.6407947162531 -0.32 2.17
Feb 2025 1871.5145758952099 0.86 3.04
Mar 2025 1873.292028915563 0.10 3.10
Apr 2025 1880.942090169416 0.41 3.89
May 2025 1882.3634573270635 0.08 3.16
Jun 2025 1894.8093132780377 0.66 4.06
Jul 2025 1893.6469406023652 -0.06 3.43
Aug 2025 1890.8459548799437 -0.15 3.11
Sep 2025 1873.3068572614634 -0.93 1.18
Oct 2025 1874.1335715370121 0.04 1.11
Nov 2025 1887.4445854969179 0.71 2.31
Dec 2025 1885.1374259801444 -0.12 1.26
Jan 2026 1898.4106361394568 0.70 2.31
Feb 2026 1889.530303030303 -0.47 0.96