Zip Code: 85033 (Phoenix, Arizona) - 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 85033 Zip Code (Phoenix, Arizona) in January 2026 was $1,353.565. The month over month percentage change (MoM) was 0.47%, and the year over year percentage change (YoY) was -0.43%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 85033 zip code (Phoenix, Arizona). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 85033 zip code (Phoenix, Arizona).

You can see similar information for other Arizona 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: 85033 (Phoenix, Arizona) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 85033 (Phoenix, Arizona) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
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Month ZORI ($) 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 0 NaN NaN
Oct 2021 0 NaN NaN
Nov 2021 0 NaN NaN
Dec 2021 0 NaN NaN
Jan 2022 0 NaN NaN
Feb 2022 0 NaN NaN
Mar 2022 0 NaN NaN
Apr 2022 0 NaN NaN
May 2022 0 NaN NaN
Jun 2022 1331.8155887930175 Infinity Infinity
Jul 2022 1314.7800474272406 -1.28 Infinity
Aug 2022 1331.311565588822 1.26 Infinity
Sep 2022 1322.8845837623476 -0.63 Infinity
Oct 2022 1317.821463344005 -0.38 Infinity
Nov 2022 1310.0681982503027 -0.59 Infinity
Dec 2022 1307.8714786900864 -0.17 Infinity
Jan 2023 1321.845418692055 1.07 Infinity
Feb 2023 1351.4144450397096 2.24 Infinity
Mar 2023 1355.13040430128 0.28 Infinity
Apr 2023 1356.1408628516026 0.08 Infinity
May 2023 1358.2964984785463 0.16 Infinity
Jun 2023 1370.5521794775084 0.90 2.91
Jul 2023 1357.8674849357828 -0.93 3.28
Aug 2023 1348.7103944439443 -0.67 1.31
Sep 2023 1334.7780264532437 -1.03 0.90
Oct 2023 1336.127823940312 0.10 1.39
Nov 2023 1335.7397410255983 -0.03 1.96
Dec 2023 1340.682638946316 0.37 2.51
Jan 2024 1354.6013618551942 1.04 2.48
Feb 2024 1359.1502834836049 0.34 0.57
Mar 2024 1344.7577502192244 -1.06 -0.76
Apr 2024 1326.4910179888018 -1.36 -2.19
May 2024 1335.6265073442764 0.69 -1.67
Jun 2024 1347.9901878915493 0.93 -1.65
Jul 2024 1364.8311307120277 1.25 0.51
Aug 2024 1367.8401146735373 0.22 1.42
Sep 2024 1386.237600480273 1.35 3.86
Oct 2024 1404.2144175076805 1.30 5.10
Nov 2024 1406.247099887379 0.14 5.28
Dec 2024 1377.186766246842 -2.07 2.72
Jan 2025 1359.4145792030397 -1.29 0.36
Feb 2025 1345.3359834127066 -1.04 -1.02
Mar 2025 1353.2003681376345 0.59 0.63
Apr 2025 1364.4508942410146 0.83 2.86
May 2025 1361.1396405646585 -0.24 1.91
Jun 2025 1346.6565937900898 -1.06 -0.10
Jul 2025 1343.835690767076 -0.21 -1.54
Aug 2025 1342.9065441188538 -0.07 -1.82
Sep 2025 1337.9060686153973 -0.37 -3.49
Oct 2025 1325.721048801719 -0.91 -5.59
Nov 2025 1327.2824668536962 0.12 -5.61
Dec 2025 1347.2552910783363 1.51 -2.17
Jan 2026 1353.5645114942529 0.47 -0.43