Madison, WI (Metro) - 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 Madison, WI Metro in February 2026 was $1,658.692. The month over month percentage change (MoM) was 0.23%, and the year over year percentage change (YoY) was 2.42%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the Madison, WI metro. The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the Madison, WI metro.

You can see similar information for other US metros, and for the United States.

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.
Madison, WI (Metro) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Madison, WI (Metro) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 1033.2685961108634 NaN NaN
Feb 2015 1043.581687358729 1.00 NaN
Mar 2015 1049.7417070939762 0.59 NaN
Apr 2015 1056.9134210700684 0.68 NaN
May 2015 1058.6803594962155 0.17 NaN
Jun 2015 1058.388385307924 -0.03 NaN
Jul 2015 1056.0849676781609 -0.22 NaN
Aug 2015 1062.4038964799001 0.60 NaN
Sep 2015 1064.3226199476878 0.18 NaN
Oct 2015 1066.1326492751011 0.17 NaN
Nov 2015 1069.6355842172657 0.33 NaN
Dec 2015 1073.1850939521173 0.33 NaN
Jan 2016 1077.2885652179714 0.38 4.26
Feb 2016 1078.1627392482085 0.08 3.31
Mar 2016 1079.511244680837 0.13 2.84
Apr 2016 1080.6694345977016 0.11 2.25
May 2016 1079.2678739199698 -0.13 1.95
Jun 2016 1078.364367802554 -0.08 1.89
Jul 2016 1080.2203878648018 0.17 2.29
Aug 2016 1083.8798392281678 0.34 2.02
Sep 2016 1082.7765920616237 -0.10 1.73
Oct 2016 1083.5669307057935 0.07 1.64
Nov 2016 1088.3440708222815 0.44 1.75
Dec 2016 1095.59177685746 0.67 2.09
Jan 2017 1099.9853195493447 0.40 2.11
Feb 2017 1099.7537466740446 -0.02 2.00
Mar 2017 1106.435171046896 0.61 2.49
Apr 2017 1109.0203591201162 0.23 2.62
May 2017 1116.7960273146068 0.70 3.48
Jun 2017 1118.7023510235126 0.17 3.74
Jul 2017 1122.857973024236 0.37 3.95
Aug 2017 1122.9400262012905 0.01 3.60
Sep 2017 1127.9436277880318 0.45 4.17
Oct 2017 1134.522149753718 0.58 4.70
Nov 2017 1132.419351484402 -0.18 4.05
Dec 2017 1131.1072009945435 -0.12 3.24
Jan 2018 1126.9614569090197 -0.37 2.45
Feb 2018 1132.1840905852314 0.46 2.95
Mar 2018 1134.1695880785699 0.18 2.51
Apr 2018 1138.2323195773088 0.36 2.63
May 2018 1140.466284605776 0.20 2.12
Jun 2018 1145.2087741112937 0.42 2.37
Jul 2018 1148.6840151231252 0.30 2.30
Aug 2018 1151.8622487455582 0.28 2.58
Sep 2018 1152.3646758428974 0.04 2.17
Oct 2018 1154.2986069440428 0.17 1.74
Nov 2018 1163.3926593344188 0.79 2.74
Dec 2018 1164.699370249537 0.11 2.97
Jan 2019 1169.4990333796004 0.41 3.78
Feb 2019 1171.139392021552 0.14 3.44
Mar 2019 1172.7405870812206 0.14 3.40
Apr 2019 1175.006490963654 0.19 3.23
May 2019 1177.0385109560543 0.17 3.21
Jun 2019 1180.1328539366914 0.26 3.05
Jul 2019 1182.820176764972 0.23 2.97
Aug 2019 1187.2581100005577 0.38 3.07
Sep 2019 1192.7124777625515 0.46 3.50
Oct 2019 1196.049214492666 0.28 3.62
Nov 2019 1197.3579579385184 0.11 2.92
Dec 2019 1204.019741468385 0.56 3.38
Jan 2020 1210.2384804222856 0.52 3.48
Feb 2020 1215.6020682769881 0.44 3.80
Mar 2020 1217.1820656016444 0.13 3.79
Apr 2020 1217.5876184506221 0.03 3.62
May 2020 1216.7743555795737 -0.07 3.38
Jun 2020 1216.0579496464072 -0.06 3.04
Jul 2020 1217.1035851071176 0.09 2.90
Aug 2020 1221.390560923506 0.35 2.88
Sep 2020 1221.2127819791463 -0.01 2.39
Oct 2020 1223.6085905272428 0.20 2.30
Nov 2020 1228.3245683557857 0.39 2.59
Dec 2020 1232.3284873608363 0.33 2.35
Jan 2021 1234.7679918484835 0.20 2.03
Feb 2021 1234.8783887097848 0.01 1.59
Mar 2021 1245.9585138701698 0.90 2.36
Apr 2021 1255.6160718977178 0.78 3.12
May 2021 1262.4758070240941 0.55 3.76
Jun 2021 1264.693858987414 0.18 4.00
Jul 2021 1272.7734126627072 0.64 4.57
Aug 2021 1282.6852441285496 0.78 5.02
Sep 2021 1296.5498709105934 1.08 6.17
Oct 2021 1305.5420630525684 0.69 6.70
Nov 2021 1309.6860960688805 0.32 6.62
Dec 2021 1315.8293713903784 0.47 6.78
Jan 2022 1320.5919269149842 0.36 6.95
Feb 2022 1327.5190220859727 0.53 7.50
Mar 2022 1328.346999686494 0.06 6.61
Apr 2022 1336.0241875153683 0.58 6.40
May 2022 1350.3052955187616 1.07 6.96
Jun 2022 1367.2438955751886 1.25 8.11
Jul 2022 1380.38823980996 0.96 8.46
Aug 2022 1389.9901945301176 0.70 8.37
Sep 2022 1397.9580323995442 0.57 7.82
Oct 2022 1401.2750257167763 0.24 7.33
Nov 2022 1409.738527701011 0.60 7.64
Dec 2022 1420.014689311121 0.73 7.92
Jan 2023 1439.8807581384503 1.40 9.03
Feb 2023 1457.2792577949401 1.21 9.78
Mar 2023 1472.8469379307599 1.07 10.88
Apr 2023 1483.4198359501113 0.72 11.03
May 2023 1494.584113086799 0.75 10.69
Jun 2023 1506.625440169774 0.81 10.19
Jul 2023 1517.4005874477903 0.72 9.93
Aug 2023 1526.9109678691493 0.63 9.85
Sep 2023 1527.812340672943 0.06 9.29
Oct 2023 1530.3585100162486 0.17 9.21
Nov 2023 1534.3165753154392 0.26 8.84
Dec 2023 1542.4991868559819 0.53 8.63
Jan 2024 1550.0406668191083 0.49 7.65
Feb 2024 1555.1490738724458 0.33 6.72
Mar 2024 1564.135396878339 0.58 6.20
Apr 2024 1569.1589879035357 0.32 5.78
May 2024 1572.26752320057 0.20 5.20
Jun 2024 1575.3143673083343 0.19 4.56
Jul 2024 1577.890499425932 0.16 3.99
Aug 2024 1582.4186115981402 0.29 3.64
Sep 2024 1585.5915195522462 0.20 3.78
Oct 2024 1596.9384134004558 0.72 4.35
Nov 2024 1606.7342770214937 0.61 4.72
Dec 2024 1619.8664814946494 0.82 5.02
Jan 2025 1618.4829941023822 -0.08 4.42
Feb 2025 1619.5100041829114 0.06 4.14
Mar 2025 1620.8365238198692 0.08 3.63
Apr 2025 1625.9272587657722 0.31 3.62
May 2025 1630.4501799206646 0.28 3.70
Jun 2025 1633.8006404740095 0.21 3.71
Jul 2025 1638.4611533416867 0.28 3.84
Aug 2025 1642.485522295803 0.25 3.80
Sep 2025 1651.4310155238963 0.55 4.15
Oct 2025 1653.7195818218404 0.14 3.56
Nov 2025 1654.9256766115348 0.07 3.00
Dec 2025 1650.4374994142079 -0.27 1.89
Jan 2026 1654.8751388651497 0.27 2.25
Feb 2026 1658.6920443859183 0.23 2.42