Zip Code: 19104 (Philadelphia, Pennsylvania) - 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 19104 Zip Code (Philadelphia, Pennsylvania) in February 2026 was $1,811.278. The month over month percentage change (MoM) was -0.07%, 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 19104 zip code (Philadelphia, Pennsylvania). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 19104 zip code (Philadelphia, Pennsylvania).

You can see similar information for other Pennsylvania 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.

Related Topics: Zip Code: 19104 - Zillow House Inventory Topic List

Data Source: Zillow.

Zip Code: 19104 (Philadelphia, Pennsylvania) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)

Zip Code: 19104 (Philadelphia, Pennsylvania) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted

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Month	ZORI ($)	MoM Perc. Change (%)	YoY Perc. Change (%)
Jan 2015	1255.8222924247773	NaN	NaN
Feb 2015	1225.086967118568	-2.45	NaN
Mar 2015	1257.7807488498117	2.67	NaN
Apr 2015	1260.2790349584648	0.20	NaN
May 2015	1271.2086241720974	0.87	NaN
Jun 2015	1271.752652330378	0.04	NaN
Jul 2015	1277.1685797109221	0.43	NaN
Aug 2015	1278.1722140776076	0.08	NaN
Sep 2015	1283.5153729224432	0.42	NaN
Oct 2015	1288.0927290101695	0.36	NaN
Nov 2015	1230.3944878436278	-4.48	NaN
Dec 2015	1247.5641992840688	1.40	NaN
Jan 2016	1235.8856406847062	-0.94	-1.59
Feb 2016	1312.1621619938498	6.17	7.11
Mar 2016	1306.2455029036391	-0.45	3.85
Apr 2016	1320.7556426904869	1.11	4.80
May 2016	1306.8990263150731	-1.05	2.81
Jun 2016	1310.0072824731878	0.24	3.01
Jul 2016	1313.8551889959554	0.29	2.87
Aug 2016	1327.6650177213114	1.05	3.87
Sep 2016	1326.336261906726	-0.10	3.34
Oct 2016	1340.8573896826065	1.10	4.10
Nov 2016	1363.8585881553374	1.72	10.85
Dec 2016	1371.9964358069312	0.60	9.97
Jan 2017	1372.688599383574	0.05	11.07
Feb 2017	1346.1524493602642	-1.93	2.59
Mar 2017	1344.2289292322218	-0.14	2.91
Apr 2017	1340.002959283249	-0.31	1.46
May 2017	1351.6993404565828	0.87	3.43
Jun 2017	1358.8550287794842	0.53	3.73
Jul 2017	1371.4335700392207	0.93	4.38
Aug 2017	1373.0437596238712	0.12	3.42
Sep 2017	1385.336095413999	0.90	4.45
Oct 2017	1380.6314465990638	-0.34	2.97
Nov 2017	1391.325462683046	0.78	2.01
Dec 2017	1395.1194854766818	0.27	1.69
Jan 2018	1403.7887895399354	0.62	2.27
Feb 2018	1395.1376561029633	-0.62	3.64
Mar 2018	1395.4842531635627	0.03	3.81
Apr 2018	1401.582649612261	0.44	4.60
May 2018	1414.2494453228728	0.90	4.63
Jun 2018	1419.2812323541787	0.36	4.45
Jul 2018	1419.6367037111877	0.03	3.52
Aug 2018	1422.2016124399595	0.18	3.58
Sep 2018	1415.988493113	-0.44	2.21
Oct 2018	1428.157886941212	0.86	3.44
Nov 2018	1439.3112844404504	0.78	3.45
Dec 2018	1445.310725393198	0.42	3.60
Jan 2019	1440.8328784014675	-0.31	2.64
Feb 2019	1445.8968980521543	0.35	3.64
Mar 2019	1457.0064693501638	0.77	4.41
Apr 2019	1461.2646216684734	0.29	4.26
May 2019	1458.1561754827221	-0.21	3.11
Jun 2019	1460.2857148897176	0.15	2.89
Jul 2019	1463.1696919975498	0.20	3.07
Aug 2019	1468.1831443435271	0.34	3.23
Sep 2019	1478.0620335942024	0.67	4.38
Oct 2019	1478.8658521773636	0.05	3.55
Nov 2019	1473.473001966923	-0.36	2.37
Dec 2019	1476.3449067671183	0.20	2.15
Jan 2020	1487.7757188511405	0.77	3.26
Feb 2020	1503.1897884709576	1.04	3.96
Mar 2020	1507.4078129291338	0.28	3.46
Apr 2020	1507.4726835513477	0.00	3.16
May 2020	1507.846110016909	0.03	3.41
Jun 2020	1503.9597511901911	-0.26	2.99
Jul 2020	1502.2497215754026	-0.11	2.67
Aug 2020	1503.0473533469549	0.05	2.38
Sep 2020	1498.8327470802863	-0.28	1.41
Oct 2020	1505.5301927937535	0.45	1.80
Nov 2020	1502.7663057496786	-0.18	1.99
Dec 2020	1491.740010788835	-0.73	1.04
Jan 2021	1480.998500666812	-0.72	-0.46
Feb 2021	1483.427811867094	0.16	-1.31
Mar 2021	1495.7025171909474	0.83	-0.78
Apr 2021	1506.0042507247758	0.69	-0.10
May 2021	1515.7417619489336	0.65	0.52
Jun 2021	1532.6809541197238	1.12	1.91
Jul 2021	1545.3878731122627	0.83	2.87
Aug 2021	1565.8751213652586	1.33	4.18
Sep 2021	1582.6831655071583	1.07	5.59
Oct 2021	1604.5536653400773	1.38	6.58
Nov 2021	1616.0601668111435	0.72	7.54
Dec 2021	1651.2859140914136	2.18	10.70
Jan 2022	1658.0598688257048	0.41	11.96
Feb 2022	1660.2985222559664	0.14	11.92
Mar 2022	1651.6040614306519	-0.52	10.42
Apr 2022	1657.5785836927616	0.36	10.07
May 2022	1665.6755882999598	0.49	9.89
Jun 2022	1665.9791926613161	0.02	8.70
Jul 2022	1673.6642258443214	0.46	8.30
Aug 2022	1667.6615777412333	-0.36	6.50
Sep 2022	1667.8120699104165	0.01	5.38
Oct 2022	1654.6505707308193	-0.79	3.12
Nov 2022	1669.357707028553	0.89	3.30
Dec 2022	1654.558952431327	-0.89	0.20
Jan 2023	1663.5810494946438	0.55	0.33
Feb 2023	1663.2931962663918	-0.02	0.18
Mar 2023	1684.7724721325599	1.29	2.01
Apr 2023	1696.3840673431532	0.69	2.34
May 2023	1708.0793307011093	0.69	2.55
Jun 2023	1714.6804525823559	0.39	2.92
Jul 2023	1710.914990427342	-0.22	2.23
Aug 2023	1707.857879546548	-0.18	2.41
Sep 2023	1709.0210036388705	0.07	2.47
Oct 2023	1717.503962498018	0.50	3.80
Nov 2023	1719.5440160423402	0.12	3.01
Dec 2023	1712.875116357683	-0.39	3.53
Jan 2024	1718.9714316788873	0.36	3.33
Feb 2024	1726.0605478563184	0.41	3.77
Mar 2024	1736.4760373954578	0.60	3.07
Apr 2024	1734.1349248121871	-0.13	2.23
May 2024	1733.219856633452	-0.05	1.47
Jun 2024	1736.5019503279748	0.19	1.27
Jul 2024	1736.8437191554121	0.02	1.52
Aug 2024	1749.3676328827282	0.72	2.43
Sep 2024	1750.72377417776	0.08	2.44
Oct 2024	1765.1050486193647	0.82	2.77
Nov 2024	1760.947631137153	-0.24	2.41
Dec 2024	1781.1431113471651	1.15	3.99
Jan 2025	1772.143024129807	-0.50	3.09
Feb 2025	1779.896538571251	0.44	3.12
Mar 2025	1772.5012098164252	-0.41	2.08
Apr 2025	1777.0107447499806	0.25	2.47
May 2025	1780.002507238835	0.17	2.70
Jun 2025	1783.4748307791003	0.20	2.71
Jul 2025	1792.6819794528396	0.52	3.22
Aug 2025	1794.484575604273	0.10	2.58
Sep 2025	1801.4239015506075	0.39	2.90
Oct 2025	1797.1372400197788	-0.24	1.82
Nov 2025	1804.5249354019973	0.41	2.48
Dec 2025	1802.577919259352	-0.11	1.20
Jan 2026	1812.507280661522	0.55	2.28
Feb 2026	1811.2776393510394	-0.07	1.76