Zip Code: 37923 (Knoxville, Tennessee) - 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 37923 Zip Code (Knoxville, Tennessee) in January 2026 was $1,699.591. The month over month percentage change (MoM) was 0.38%, and the year over year percentage change (YoY) was -0.90%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 37923 zip code (Knoxville, Tennessee). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 37923 zip code (Knoxville, Tennessee).

You can see similar information for other Tennessee 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: 37923 (Knoxville, Tennessee) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 37923 (Knoxville, Tennessee) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
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Month ZORI ($) 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 1191.3154612145481 Infinity Infinity
Apr 2021 1213.859202396477 1.89 Infinity
May 2021 1260.842335830451 3.87 Infinity
Jun 2021 1313.9222354870476 4.21 Infinity
Jul 2021 1372.7593808797462 4.48 Infinity
Aug 2021 1399.311872795452 1.93 Infinity
Sep 2021 1445.9383758753627 3.33 Infinity
Oct 2021 1475.5924431900885 2.05 Infinity
Nov 2021 1503.168260888226 1.87 Infinity
Dec 2021 1485.2063616411706 -1.19 Infinity
Jan 2022 1487.474200153384 0.15 Infinity
Feb 2022 1529.8786825448224 2.85 Infinity
Mar 2022 1558.4731941440675 1.87 30.82
Apr 2022 1600.652959857961 2.71 31.87
May 2022 1602.806853639966 0.14 27.12
Jun 2022 1626.7232098073978 1.49 23.81
Jul 2022 1627.537675983573 0.05 18.56
Aug 2022 1626.409463581009 -0.07 16.23
Sep 2022 1596.5746326459387 -1.83 10.42
Oct 2022 1588.1014859604861 -0.53 7.63
Nov 2022 1589.7998438323225 0.11 5.76
Dec 2022 1619.838212015427 1.89 9.07
Jan 2023 1636.7467996138603 1.04 10.04
Feb 2023 1651.9979966648866 0.93 7.98
Mar 2023 1670.9778573193087 1.15 7.22
Apr 2023 1663.274347192705 -0.46 3.91
May 2023 1659.092768515394 -0.25 3.51
Jun 2023 1637.5133690091159 -1.30 0.66
Jul 2023 1652.6323312902389 0.92 1.54
Aug 2023 1676.6329680775857 1.45 3.09
Sep 2023 1696.0421657534155 1.16 6.23
Oct 2023 1679.4778386906082 -0.98 5.75
Nov 2023 1676.6399711177617 -0.17 5.46
Dec 2023 1679.576876470307 0.18 3.69
Jan 2024 1700.203260568863 1.23 3.88
Feb 2024 1697.4250241565464 -0.16 2.75
Mar 2024 1696.7022341315164 -0.04 1.54
Apr 2024 1698.6955327237697 0.12 2.13
May 2024 1699.8023992958956 0.07 2.45
Jun 2024 1691.3779640676998 -0.50 3.29
Jul 2024 1671.4104442064104 -1.18 1.14
Aug 2024 1674.1750053723827 0.17 -0.15
Sep 2024 1699.827063710372 1.53 0.22
Oct 2024 1731.101371600183 1.84 3.07
Nov 2024 1742.3137122916482 0.65 3.92
Dec 2024 1742.1967772030114 -0.01 3.73
Jan 2025 1715.086583805751 -1.56 0.88
Feb 2025 1712.7410846133441 -0.14 0.90
Mar 2025 1708.156240807848 -0.27 0.68
Apr 2025 1710.422010586513 0.13 0.69
May 2025 1718.1652483530213 0.45 1.08
Jun 2025 1736.049626189063 1.04 2.64
Jul 2025 1748.439709868061 0.71 4.61
Aug 2025 1739.1788409647813 -0.53 3.88
Sep 2025 1718.278590268909 -1.20 1.09
Oct 2025 1705.9766236524729 -0.72 -1.45
Nov 2025 1699.4367071057213 -0.38 -2.46
Dec 2025 1693.2446865423171 -0.36 -2.81
Jan 2026 1699.59126984127 0.38 -0.90