Zip Code: 32534 (Pensacola, 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 32534 Zip Code (Pensacola, Florida) in January 2026 was $1,644.282. The month over month percentage change (MoM) was 1.71%, and the year over year percentage change (YoY) was 4.77%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 32534 zip code (Pensacola, Florida). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 32534 zip code (Pensacola, 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: 32534 (Pensacola, Florida) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 32534 (Pensacola, Florida) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
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Month ZORI ($) 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 1356.8724600789815 Infinity Infinity
Oct 2021 1377.2509226028603 1.50 Infinity
Nov 2021 1430.848172371302 3.89 Infinity
Dec 2021 1450.3336224802097 1.36 Infinity
Jan 2022 1487.4375493040625 2.56 Infinity
Feb 2022 1487.3955253235417 0.00 Infinity
Mar 2022 1482.6743442938612 -0.32 Infinity
Apr 2022 1484.2069310161603 0.10 Infinity
May 2022 1498.9776828765434 1.00 Infinity
Jun 2022 1517.5607641375516 1.24 Infinity
Jul 2022 1512.4989767491593 -0.33 Infinity
Aug 2022 1523.738582737854 0.74 Infinity
Sep 2022 1505.4598585786587 -1.20 10.95
Oct 2022 1487.949926686279 -1.16 8.04
Nov 2022 1475.4425989859658 -0.84 3.12
Dec 2022 1490.9631723420841 1.05 2.80
Jan 2023 1493.919643953195 0.20 0.44
Feb 2023 1486.3120338049566 -0.51 -0.07
Mar 2023 1497.9155190055826 0.78 1.03
Apr 2023 1509.174070301972 0.75 1.68
May 2023 1514.7431090919831 0.37 1.05
Jun 2023 1505.05752737723 -0.64 -0.82
Jul 2023 1502.272260375243 -0.18 -0.68
Aug 2023 1483.244230805467 -1.27 -2.66
Sep 2023 1487.391638418002 0.28 -1.20
Oct 2023 1524.9033552167932 2.52 2.48
Nov 2023 1541.9320263268617 1.12 4.51
Dec 2023 1545.1629007731042 0.21 3.64
Jan 2024 1519.8495220052869 -1.64 1.74
Feb 2024 1527.9991877602395 0.54 2.81
Mar 2024 1531.731658195906 0.24 2.26
Apr 2024 1538.952077240405 0.47 1.97
May 2024 1537.6864047497036 -0.08 1.52
Jun 2024 1545.5700508678046 0.51 2.69
Jul 2024 1561.5033030663753 1.03 3.94
Aug 2024 1587.841244218729 1.69 7.05
Sep 2024 1600.3149645490591 0.79 7.59
Oct 2024 1604.4255376669278 0.26 5.22
Nov 2024 1578.9549288034975 -1.59 2.40
Dec 2024 1570.6159481036268 -0.53 1.65
Jan 2025 1569.4678414101477 -0.07 3.27
Feb 2025 1575.2178365428392 0.37 3.09
Mar 2025 1576.0940208186225 0.06 2.90
Apr 2025 1574.0554680425385 -0.13 2.28
May 2025 1578.1603251796103 0.26 2.63
Jun 2025 1582.2879274629024 0.26 2.38
Jul 2025 1581.325570775605 -0.06 1.27
Aug 2025 1579.0407511034275 -0.14 -0.55
Sep 2025 1581.4565761127328 0.15 -1.18
Oct 2025 1575.4584865100717 -0.38 -1.80
Nov 2025 1600.5567561826736 1.59 1.37
Dec 2025 1616.6107719937843 1.00 2.93
Jan 2026 1644.2815656565656 1.71 4.77