Zip Code: 95132 (San Jose, California) - 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 95132 Zip Code (San Jose, California) in January 2026 was $3,714.889. The month over month percentage change (MoM) was -1.71%, and the year over year percentage change (YoY) was 4.35%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 95132 zip code (San Jose, California). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 95132 zip code (San Jose, California).

You can see similar information for other California 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: 95132 (San Jose, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 95132 (San Jose, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
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Month ZORI ($) 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 2975.958752726438 Infinity Infinity
Dec 2019 2977.792871897532 0.06 Infinity
Jan 2020 2986.958825264916 0.31 Infinity
Feb 2020 2997.3048893111686 0.35 Infinity
Mar 2020 3042.395865729166 1.50 Infinity
Apr 2020 3012.63800130337 -0.98 Infinity
May 2020 2967.397297722849 -1.50 Infinity
Jun 2020 2937.6522510388677 -1.00 Infinity
Jul 2020 2955.9618693084676 0.62 Infinity
Aug 2020 2964.384410998366 0.28 Infinity
Sep 2020 2983.8257305082384 0.66 Infinity
Oct 2020 2942.5309464069323 -1.38 Infinity
Nov 2020 2925.7432842228595 -0.57 -1.69
Dec 2020 2899.5408063249993 -0.90 -2.63
Jan 2021 2892.655760162252 -0.24 -3.16
Feb 2021 2887.358287194688 -0.18 -3.67
Mar 2021 2867.5024258272956 -0.69 -5.75
Apr 2021 2912.270575107662 1.56 -3.33
May 2021 2966.3415625148527 1.86 -0.04
Jun 2021 3026.9445354187437 2.04 3.04
Jul 2021 3037.7044206227783 0.36 2.77
Aug 2021 3032.165755672238 -0.18 2.29
Sep 2021 3007.6000531043032 -0.81 0.80
Oct 2021 3056.6654126093995 1.63 3.88
Nov 2021 3075.8086332864 0.63 5.13
Dec 2021 3135.8533207933556 1.95 8.15
Jan 2022 3134.0780360952926 -0.06 8.35
Feb 2022 3143.191908100339 0.29 8.86
Mar 2022 3107.5264973222243 -1.13 8.37
Apr 2022 3141.9368582318966 1.11 7.89
May 2022 3143.014058454421 0.03 5.96
Jun 2022 3181.5315492272925 1.23 5.11
Jul 2022 3168.8704417219883 -0.40 4.32
Aug 2022 3218.1199889768627 1.55 6.13
Sep 2022 3258.648558941684 1.26 8.35
Oct 2022 3256.4469552062606 -0.07 6.54
Nov 2022 3288.731502419543 0.99 6.92
Dec 2022 3298.847892133836 0.31 5.20
Jan 2023 3304.4545046252238 0.17 5.44
Feb 2023 3297.023763130568 -0.22 4.89
Mar 2023 3319.561618475483 0.68 6.82
Apr 2023 3310.6210581767764 -0.27 5.37
May 2023 3323.7094557718688 0.40 5.75
Jun 2023 3293.0783124026393 -0.92 3.51
Jul 2023 3330.150630421321 1.13 5.09
Aug 2023 3339.138765332783 0.27 3.76
Sep 2023 3343.391599482241 0.13 2.60
Oct 2023 3360.595984498593 0.52 3.20
Nov 2023 3314.6903976990047 -1.37 0.79
Dec 2023 3327.314785859244 0.38 0.86
Jan 2024 3348.212124189155 0.63 1.32
Feb 2024 3426.527787206356 2.34 3.93
Mar 2024 3459.719971351879 0.97 4.22
Apr 2024 3476.3042246353825 0.48 5.01
May 2024 3476.97556520153 0.02 4.61
Jun 2024 3490.778008505737 0.40 6.00
Jul 2024 3507.6763441258304 0.48 5.33
Aug 2024 3519.1850206570716 0.33 5.39
Sep 2024 3540.092196757024 0.59 5.88
Oct 2024 3476.8273414381983 -1.79 3.46
Nov 2024 3477.1236875720424 0.01 4.90
Dec 2024 3450.8857001894557 -0.75 3.71
Jan 2025 3560.0941203265384 3.17 6.33
Feb 2025 3528.892080629306 -0.88 2.99
Mar 2025 3530.363187111568 0.04 2.04
Apr 2025 3543.87169741267 0.38 1.94
May 2025 3565.669913736892 0.62 2.55
Jun 2025 3591.712974748295 0.73 2.89
Jul 2025 3594.6155090252355 0.08 2.48
Aug 2025 3603.840077399724 0.26 2.41
Sep 2025 3611.2465747511765 0.21 2.01
Oct 2025 3683.3539124673084 2.00 5.94
Nov 2025 3733.544095268147 1.36 7.37
Dec 2025 3779.7182080844323 1.24 9.53
Jan 2026 3714.8888888888887 -1.71 4.35