Zip Code: 40223 (Louisville, Kentucky) - 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 40223 Zip Code (Louisville, Kentucky) in January 2026 was $1,551.5. The month over month percentage change (MoM) was -0.06%, and the year over year percentage change (YoY) was 6.26%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 40223 zip code (Louisville, Kentucky). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 40223 zip code (Louisville, Kentucky).

You can see similar information for other Kentucky 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: 40223 (Louisville, Kentucky) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 40223 (Louisville, Kentucky) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
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Month ZORI ($) 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 1110.0905190372143 Infinity Infinity
Mar 2021 1118.1956568753387 0.73 Infinity
Apr 2021 1125.318905394295 0.64 Infinity
May 2021 1131.2014498308029 0.52 Infinity
Jun 2021 1133.204777288551 0.18 Infinity
Jul 2021 1138.3419241513832 0.45 Infinity
Aug 2021 1146.522654839653 0.72 Infinity
Sep 2021 1161.8417278875759 1.34 Infinity
Oct 2021 1174.8141328345475 1.12 Infinity
Nov 2021 1184.723142667237 0.84 Infinity
Dec 2021 1192.9841093000837 0.70 Infinity
Jan 2022 1200.655601615373 0.64 Infinity
Feb 2022 1212.7444455294092 1.01 9.25
Mar 2022 1223.6459213952014 0.90 9.43
Apr 2022 1233.359256224983 0.79 9.60
May 2022 1246.157151072239 1.04 10.16
Jun 2022 1269.9387851646716 1.91 12.07
Jul 2022 1280.4616484356707 0.83 12.49
Aug 2022 1293.44530285775 1.01 12.82
Sep 2022 1295.740739743541 0.18 11.53
Oct 2022 1306.562819844067 0.84 11.21
Nov 2022 1321.013559688188 1.11 11.50
Dec 2022 1342.6439825789143 1.64 12.55
Jan 2023 1364.5930520677946 1.64 13.65
Feb 2023 1370.8645521708356 0.46 13.04
Mar 2023 1372.846507375886 0.14 12.19
Apr 2023 1368.575902573519 -0.31 10.96
May 2023 1375.3722786766111 0.50 10.37
Jun 2023 1359.219629933873 -1.17 7.03
Jul 2023 1364.289274835789 0.37 6.55
Aug 2023 1364.5168025371067 0.02 5.50
Sep 2023 1376.0823100893956 0.85 6.20
Oct 2023 1365.7504657433064 -0.75 4.53
Nov 2023 1371.0844516392597 0.39 3.79
Dec 2023 1376.9572299872111 0.43 2.56
Jan 2024 1404.7900056841872 2.02 2.95
Feb 2024 1413.6848570292395 0.63 3.12
Mar 2024 1433.8279005736842 1.43 4.44
Apr 2024 1425.1772702233345 -0.60 4.14
May 2024 1422.7518581991098 -0.17 3.45
Jun 2024 1440.7776725226852 1.27 6.00
Jul 2024 1449.1458749420435 0.58 6.22
Aug 2024 1460.9940468715101 0.82 7.07
Sep 2024 1459.99861217306 -0.07 6.10
Oct 2024 1465.1900382837925 0.36 7.28
Nov 2024 1442.3626416914824 -1.56 5.20
Dec 2024 1462.2884311782552 1.38 6.20
Jan 2025 1460.1191262850239 -0.15 3.94
Feb 2025 1463.7761219204438 0.25 3.54
Mar 2025 1460.9523450681963 -0.19 1.89
Apr 2025 1483.8580970508922 1.57 4.12
May 2025 1495.7930199446691 0.80 5.13
Jun 2025 1500.7706112389285 0.33 4.16
Jul 2025 1505.3692058795752 0.31 3.88
Aug 2025 1508.8323090469974 0.23 3.27
Sep 2025 1518.4787468786972 0.64 4.01
Oct 2025 1532.6505500065978 0.93 4.60
Nov 2025 1560.3058714260455 1.80 8.18
Dec 2025 1552.4505016537303 -0.50 6.17
Jan 2026 1551.5 -0.06 6.26