Zip Code: 80923 (Colorado Springs, Colorado) - 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 80923 Zip Code (Colorado Springs, Colorado) in January 2026 was $1,789.997. The month over month percentage change (MoM) was 0.17%, and the year over year percentage change (YoY) was 0.92%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 80923 zip code (Colorado Springs, Colorado). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 80923 zip code (Colorado Springs, Colorado).

You can see similar information for other Colorado 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: 80923 (Colorado Springs, Colorado) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 80923 (Colorado Springs, Colorado) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
1 – 10 of 133
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 1064.8334836340714 NaN NaN
Feb 2015 1069.16448272571 0.41 NaN
Mar 2015 1068.0319872018686 -0.11 NaN
Apr 2015 1061.8499332598344 -0.58 NaN
May 2015 1055.2414471479913 -0.62 NaN
Jun 2015 1063.752079675676 0.81 NaN
Jul 2015 1074.8757765308812 1.05 NaN
Aug 2015 1083.6880171051646 0.82 NaN
Sep 2015 1096.8152198375064 1.21 NaN
Oct 2015 1101.0308794937926 0.38 NaN
Nov 2015 1098.7797574227413 -0.20 NaN
Dec 2015 1104.2394639496042 0.50 NaN
Jan 2016 1105.0178252641792 0.07 3.77
Feb 2016 1115.9255945890777 0.99 4.37
Mar 2016 1118.7849134093276 0.26 4.75
Apr 2016 1130.2460260914113 1.02 6.44
May 2016 1138.5200184172238 0.73 7.89
Jun 2016 1144.9687212479053 0.57 7.64
Jul 2016 1143.1468406103527 -0.16 6.35
Aug 2016 1146.475053740377 0.29 5.79
Sep 2016 1145.5560814554224 -0.08 4.44
Oct 2016 1145.9511522161074 0.03 4.08
Nov 2016 1150.9544210480658 0.44 4.75
Dec 2016 1153.3524805796444 0.21 4.45
Jan 2017 1167.170946177352 1.20 5.63
Feb 2017 1173.7773394782967 0.57 5.18
Mar 2017 1191.4177047436692 1.50 6.49
Apr 2017 1193.381242647465 0.17 5.59
May 2017 1198.8663013355708 0.46 5.30
Jun 2017 1191.92151268721 -0.58 4.10
Jul 2017 1198.4152237979008 0.55 4.84
Aug 2017 1209.0027434716849 0.88 5.45
Sep 2017 1218.3509375876883 0.77 6.36
Oct 2017 1236.6745487265016 1.50 7.92
Nov 2017 1242.1886147248194 0.45 7.93
Dec 2017 1248.528381842584 0.51 8.25
Jan 2018 1239.2179345161426 -0.75 6.17
Feb 2018 1237.2110728723035 -0.16 5.40
Mar 2018 1243.8763077724498 0.54 4.40
Apr 2018 1248.794808807283 0.40 4.64
May 2018 1250.3729578599227 0.13 4.30
Jun 2018 1255.429685101844 0.40 5.33
Jul 2018 1270.5711230532668 1.21 6.02
Aug 2018 1275.5047560459175 0.39 5.50
Sep 2018 1278.6589230614004 0.25 4.95
Oct 2018 1275.490173130296 -0.25 3.14
Nov 2018 1277.2679449732811 0.14 2.82
Dec 2018 1290.7123930873486 1.05 3.38
Jan 2019 1300.447118048373 0.75 4.94
Feb 2019 1307.4875955466862 0.54 5.68
Mar 2019 1306.2845541116558 -0.09 5.02
Apr 2019 1312.9677988756694 0.51 5.14
May 2019 1321.2831284572717 0.63 5.67
Jun 2019 1333.1961810325906 0.90 6.19
Jul 2019 1332.1148256020176 -0.08 4.84
Aug 2019 1336.1383529067002 0.30 4.75
Sep 2019 1343.3382914383903 0.54 5.06
Oct 2019 1351.1906780465952 0.59 5.94
Nov 2019 1361.1793898230546 0.74 6.57
Dec 2019 1361.9731913184894 0.06 5.52
Jan 2020 1371.5485262168659 0.70 5.47
Feb 2020 1381.112699747156 0.70 5.63
Mar 2020 1393.318181120417 0.88 6.66
Apr 2020 1388.388354828052 -0.35 5.74
May 2020 1372.0168046614033 -1.18 3.84
Jun 2020 1370.9526200744576 -0.08 2.83
Jul 2020 1379.0205196643058 0.59 3.52
Aug 2020 1384.7849271228529 0.42 3.64
Sep 2020 1394.427039712727 0.70 3.80
Oct 2020 1406.0399399008597 0.83 4.06
Nov 2020 1420.0565788920019 1.00 4.33
Dec 2020 1432.4258175197315 0.87 5.17
Jan 2021 1443.2314131242285 0.75 5.23
Feb 2021 1463.5791914443969 1.41 5.97
Mar 2021 1495.5137170898943 2.18 7.34
Apr 2021 1515.959302295094 1.37 9.19
May 2021 1545.8863047701977 1.97 12.67
Jun 2021 1562.114170241055 1.05 13.94
Jul 2021 1593.450650422251 2.01 15.55
Aug 2021 1605.3666623221561 0.75 15.93
Sep 2021 1621.671588510528 1.02 16.30
Oct 2021 1627.971832492552 0.39 15.78
Nov 2021 1645.0165567309662 1.05 15.84
Dec 2021 1670.8538775870709 1.57 16.65
Jan 2022 1682.9153014320384 0.72 16.61
Feb 2022 1685.4663743839526 0.15 15.16
Mar 2022 1673.9942596328278 -0.68 11.93
Apr 2022 1683.3631986147786 0.56 11.04
May 2022 1691.5454203922557 0.49 9.42
Jun 2022 1703.492051875231 0.71 9.05
Jul 2022 1704.471874648008 0.06 6.97
Aug 2022 1714.5262700582127 0.59 6.80
Sep 2022 1721.4453986931758 0.40 6.15
Oct 2022 1723.935854959405 0.14 5.90
Nov 2022 1712.159460322218 -0.68 4.08
Dec 2022 1707.864982486931 -0.25 2.22
Jan 2023 1707.6273890227276 -0.01 1.47
Feb 2023 1713.837344372832 0.36 1.68
Mar 2023 1721.1353351453586 0.43 2.82
Apr 2023 1731.1694341955565 0.58 2.84
May 2023 1742.4410315996658 0.65 3.01
Jun 2023 1738.0636423713302 -0.25 2.03
Jul 2023 1737.0796812376568 -0.06 1.91
Aug 2023 1739.9315323874548 0.16 1.48
Sep 2023 1748.5751794322543 0.50 1.58
Oct 2023 1755.1693814501982 0.38 1.81
Nov 2023 1763.2978546486072 0.46 2.99
Dec 2023 1753.8542376543608 -0.54 2.69
Jan 2024 1755.1187275946863 0.07 2.78
Feb 2024 1756.9710094149114 0.11 2.52
Mar 2024 1769.0150649871107 0.69 2.78
Apr 2024 1767.0968729544013 -0.11 2.08
May 2024 1756.753954395662 -0.58 0.82
Jun 2024 1756.5970977739387 -0.01 1.07
Jul 2024 1772.9428625128721 0.93 2.07
Aug 2024 1790.861856309272 1.01 2.93
Sep 2024 1779.7146133069539 -0.62 1.78
Oct 2024 1769.4094377745942 -0.58 0.81
Nov 2024 1762.5296380596506 -0.39 -0.04
Dec 2024 1770.9857213351293 0.48 0.98
Jan 2025 1773.7078761778512 0.15 1.06
Feb 2025 1773.5918999908506 -0.01 0.95
Mar 2025 1767.6043468936275 -0.34 -0.08
Apr 2025 1766.9324825676188 -0.04 -0.01
May 2025 1771.8647062466612 0.28 0.86
Jun 2025 1776.2951030673878 0.25 1.12
Jul 2025 1768.5743484558373 -0.43 -0.25
Aug 2025 1756.8594467749954 -0.66 -1.90
Sep 2025 1764.6627469324696 0.44 -0.85
Oct 2025 1774.1165137370626 0.54 0.27
Nov 2025 1782.9540952237087 0.50 1.16
Dec 2025 1786.9524859506741 0.22 0.90
Jan 2026 1789.996560846561 0.17 0.92