Zip Code: 32405 (Panama City, Florida) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted (Zillow)
Updated on March 2, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily in the 32405 Zip Code (Panama City, Florida) in January 2026 was $1,609.556. The month over month percentage change (MoM) was 0.74%, and the year over year percentage change (YoY) was 2.27%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 32405 zip code (Panama City, Florida). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 32405 zip code (Panama City, Florida).

You can see similar information for other Florida 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: 32405 (Panama City, Florida) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 32405 (Panama City, Florida) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
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Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 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 0 NaN NaN
Jun 2021 0 NaN NaN
Jul 2021 0 NaN NaN
Aug 2021 0 NaN NaN
Sep 2021 0 NaN NaN
Oct 2021 0 NaN NaN
Nov 2021 0 NaN NaN
Dec 2021 0 NaN NaN
Jan 2022 1340.320610548641 Infinity Infinity
Feb 2022 1359.5245684046347 1.43 Infinity
Mar 2022 1378.1865316918959 1.37 Infinity
Apr 2022 1388.597591825685 0.76 Infinity
May 2022 1398.6416821061232 0.72 Infinity
Jun 2022 1432.2139857043078 2.40 Infinity
Jul 2022 1446.007180412784 0.96 Infinity
Aug 2022 1451.9295537907558 0.41 Infinity
Sep 2022 1452.2362577360727 0.02 Infinity
Oct 2022 1455.9791132720868 0.26 Infinity
Nov 2022 1463.9482334177387 0.55 Infinity
Dec 2022 1482.7389193261504 1.28 Infinity
Jan 2023 1507.4132084863227 1.66 12.47
Feb 2023 1534.9362408239158 1.83 12.90
Mar 2023 1532.4708778649194 -0.16 11.20
Apr 2023 1552.2961938896585 1.29 11.79
May 2023 1544.3712303024204 -0.51 10.42
Jun 2023 1536.6877670733531 -0.50 7.30
Jul 2023 1520.338927694506 -1.06 5.14
Aug 2023 1508.5897779350169 -0.77 3.90
Sep 2023 1521.5564513293 0.86 4.77
Oct 2023 1519.602495813445 -0.13 4.37
Nov 2023 1524.4933844787001 0.32 4.14
Dec 2023 1515.3453606657863 -0.60 2.20
Jan 2024 1514.2178758591779 -0.07 0.45
Feb 2024 1520.0723189762887 0.39 -0.97
Mar 2024 1534.044445964102 0.92 0.10
Apr 2024 1530.6483235793155 -0.22 -1.39
May 2024 1527.7386056032276 -0.19 -1.08
Jun 2024 1531.5157875480998 0.25 -0.34
Jul 2024 1550.4622661973094 1.24 1.98
Aug 2024 1568.8736877016536 1.19 4.00
Sep 2024 1566.247679256746 -0.17 2.94
Oct 2024 1580.0435885151835 0.88 3.98
Nov 2024 1563.771712946765 -1.03 2.58
Dec 2024 1582.003768234285 1.17 4.40
Jan 2025 1573.8939463134736 -0.51 3.94
Feb 2025 1562.4161227978525 -0.73 2.79
Mar 2025 1558.8336103102079 -0.23 1.62
Apr 2025 1560.3698458163174 0.10 1.94
May 2025 1573.9739156505048 0.87 3.03
Jun 2025 1578.8701808388291 0.31 3.09
Jul 2025 1579.392292002165 0.03 1.87
Aug 2025 1580.2303184174773 0.05 0.72
Sep 2025 1585.6186865505472 0.34 1.24
Oct 2025 1584.4315434439814 -0.07 0.28
Nov 2025 1601.587230377913 1.08 2.42
Dec 2025 1597.7806816149166 -0.24 1.00
Jan 2026 1609.5555555555557 0.74 2.27