Zip Code: 32909 (Palm Bay, 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 32909 Zip Code (Palm Bay, Florida) in January 2026 was $1,934.8. The month over month percentage change (MoM) was 0.48%, and the year over year percentage change (YoY) was 1.42%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 32909 zip code (Palm Bay, Florida). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 32909 zip code (Palm Bay, 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: 32909 (Palm Bay, Florida) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 32909 (Palm Bay, Florida) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
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Month ZORI ($) 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 996.1125741360796 Infinity Infinity
Mar 2016 988.7249184383403 -0.74 Infinity
Apr 2016 996.1191914521978 0.75 Infinity
May 2016 1005.1112823655792 0.90 Infinity
Jun 2016 1013.5617289010946 0.84 Infinity
Jul 2016 1021.8623524626885 0.82 Infinity
Aug 2016 1029.621511598801 0.76 Infinity
Sep 2016 0 -100.00 NaN
Oct 2016 1053.7181290187439 Infinity Infinity
Nov 2016 1069.9214509923827 1.54 Infinity
Dec 2016 1055.6689185696173 -1.33 Infinity
Jan 2017 1075.133574362817 1.84 Infinity
Feb 2017 1087.1968061035514 1.12 9.14
Mar 2017 1110.397469986547 2.13 12.31
Apr 2017 1120.102815915146 0.87 12.45
May 2017 1115.795779940863 -0.38 11.01
Jun 2017 1117.869589088347 0.19 10.29
Jul 2017 1110.7800004451433 -0.63 8.70
Aug 2017 1110.5008690039149 -0.02 7.86
Sep 2017 1106.7887447912044 -0.33 Infinity
Oct 2017 1123.8297867256638 1.54 6.65
Nov 2017 1140.0338411246823 1.44 6.55
Dec 2017 1165.512593316509 2.24 10.41
Jan 2018 1164.1675158714909 -0.11 8.28
Feb 2018 1162.1235007908585 -0.18 6.89
Mar 2018 1161.8619449797523 -0.02 4.64
Apr 2018 1174.0618577304317 1.05 4.82
May 2018 1194.5072200884201 1.74 7.05
Jun 2018 1205.7928433680042 0.95 7.87
Jul 2018 1207.7470118910285 0.16 8.73
Aug 2018 1211.9062959375021 0.34 9.13
Sep 2018 1207.1023632525423 -0.40 9.06
Oct 2018 1210.631744964442 0.29 7.72
Nov 2018 1207.713551719621 -0.24 5.94
Dec 2018 1215.4722753380952 0.64 4.29
Jan 2019 1216.8909480246523 0.12 4.53
Feb 2019 1238.0950560092863 1.74 6.54
Mar 2019 1243.7916811080859 0.46 7.05
Apr 2019 1243.8017635716265 0.00 5.94
May 2019 1243.2186069458635 -0.05 4.08
Jun 2019 1246.8100152584368 0.29 3.40
Jul 2019 1261.4528772306771 1.17 4.45
Aug 2019 1271.1218112302367 0.77 4.89
Sep 2019 1285.355737447544 1.12 6.48
Oct 2019 1287.2716796564353 0.15 6.33
Nov 2019 1291.351734347119 0.32 6.93
Dec 2019 1287.8750510589782 -0.27 5.96
Jan 2020 1295.8337200982094 0.62 6.49
Feb 2020 1289.2427174747193 -0.51 4.13
Mar 2020 1293.1947314469198 0.31 3.97
Apr 2020 1285.9776924158093 -0.56 3.39
May 2020 1293.4078604241377 0.58 4.04
Jun 2020 1302.1747353974176 0.68 4.44
Jul 2020 1320.6890203081102 1.42 4.70
Aug 2020 1319.2851420968402 -0.11 3.79
Sep 2020 1300.4502045359648 -1.43 1.17
Oct 2020 1320.5086756272947 1.54 2.58
Nov 2020 1352.6044075858804 2.43 4.74
Dec 2020 1397.1424682093057 3.29 8.48
Jan 2021 1411.940645487395 1.06 8.96
Feb 2021 1423.4886682041845 0.82 10.41
Mar 2021 1430.7182718786166 0.51 10.63
Apr 2021 1439.7767841915079 0.63 11.96
May 2021 1466.541338209295 1.86 13.39
Jun 2021 1487.6394363963166 1.44 14.24
Jul 2021 1517.0016931001867 1.97 14.86
Aug 2021 1567.7745263705945 3.35 18.84
Sep 2021 1612.1177622208472 2.83 23.97
Oct 2021 1630.0636679961494 1.11 23.44
Nov 2021 1653.4015420021829 1.43 22.24
Dec 2021 1668.7320440278977 0.93 19.44
Jan 2022 1702.9399639859028 2.05 20.61
Feb 2022 1706.3092589371365 0.20 19.87
Mar 2022 1739.6429343356747 1.95 21.59
Apr 2022 1774.7984702567142 2.02 23.27
May 2022 1784.93342603492 0.57 21.71
Jun 2022 1799.943611118403 0.84 20.99
Jul 2022 1806.949750729437 0.39 19.11
Aug 2022 1812.7719377731592 0.32 15.63
Sep 2022 1828.917577497746 0.89 13.45
Oct 2022 1851.1717196593952 1.22 13.56
Nov 2022 1852.1510835886488 0.05 12.02
Dec 2022 1841.7203516375441 -0.56 10.37
Jan 2023 1825.3073294546568 -0.89 7.19
Feb 2023 1843.0135726501564 0.97 8.01
Mar 2023 1857.1915330305033 0.77 6.76
Apr 2023 1854.4341754393356 -0.15 4.49
May 2023 1856.7566925300337 0.13 4.02
Jun 2023 1858.8687440599324 0.11 3.27
Jul 2023 1861.3056179224886 0.13 3.01
Aug 2023 1852.0262796110158 -0.50 2.17
Sep 2023 1844.9383990376675 -0.38 0.88
Oct 2023 1840.1096425836681 -0.26 -0.60
Nov 2023 1845.9500536785467 0.32 -0.33
Dec 2023 1847.201062910968 0.07 0.30
Jan 2024 1858.1757864615763 0.59 1.80
Feb 2024 1858.9034527750491 0.04 0.86
Mar 2024 1865.7399899480295 0.37 0.46
Apr 2024 1865.9339345537655 0.01 0.62
May 2024 1876.524366310505 0.57 1.07
Jun 2024 1871.368772310838 -0.28 0.67
Jul 2024 1874.48057858489 0.17 0.71
Aug 2024 1873.2477746021489 -0.07 1.15
Sep 2024 1887.2740070796394 0.75 2.30
Oct 2024 1891.88498434489 0.24 2.81
Nov 2024 1898.9095755055914 0.37 2.87
Dec 2024 1914.480727831496 0.82 3.64
Jan 2025 1907.7928550344393 -0.35 2.67
Feb 2025 1909.726663676631 0.10 2.73
Mar 2025 1902.1043605138311 -0.40 1.95
Apr 2025 1906.747262993704 0.24 2.19
May 2025 1905.3425367166742 -0.07 1.54
Jun 2025 1914.8058697809638 0.50 2.32
Jul 2025 1918.8098248783801 0.21 2.37
Aug 2025 1930.7177982481387 0.62 3.07
Sep 2025 1927.404191969078 -0.17 2.13
Oct 2025 1929.7075809252062 0.12 2.00
Nov 2025 1928.674705501971 -0.05 1.57
Dec 2025 1925.5621034870614 -0.16 0.58
Jan 2026 1934.8001375988995 0.48 1.42