Zip Code: 97222 (Milwaukie, Oregon) - 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 97222 Zip Code (Milwaukie, Oregon) in January 2026 was $1,735.023. The month over month percentage change (MoM) was -0.78%, and the year over year percentage change (YoY) was 0.15%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 97222 zip code (Milwaukie, Oregon). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 97222 zip code (Milwaukie, Oregon).

You can see similar information for other Oregon 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: 97222 (Milwaukie, Oregon) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 97222 (Milwaukie, Oregon) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
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Month ZORI ($) 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 1181.0366134759308 Infinity Infinity
Jun 2017 1189.8402456686201 0.75 Infinity
Jul 2017 1176.2325405942252 -1.14 Infinity
Aug 2017 1195.263747894017 1.62 Infinity
Sep 2017 1202.475134281921 0.60 Infinity
Oct 2017 1221.988566674939 1.62 Infinity
Nov 2017 1199.2863260672991 -1.86 Infinity
Dec 2017 1205.3226395127733 0.50 Infinity
Jan 2018 1205.5144598629136 0.02 Infinity
Feb 2018 1216.9546641979246 0.95 Infinity
Mar 2018 1233.2098704453394 1.34 Infinity
Apr 2018 1231.52116574227 -0.14 Infinity
May 2018 1234.2410916987226 0.22 4.51
Jun 2018 1218.7489427761864 -1.25 2.43
Jul 2018 1235.1982458430505 1.35 5.01
Aug 2018 1248.8208117937027 1.10 4.48
Sep 2018 1270.3538170145289 1.72 5.65
Oct 2018 1259.9158787994356 -0.82 3.10
Nov 2018 1280.779132250801 1.66 6.80
Dec 2018 1284.1416208579167 0.26 6.54
Jan 2019 1278.1452611006573 -0.47 6.03
Feb 2019 1267.4051547281704 -0.84 4.15
Mar 2019 1275.6756279902206 0.65 3.44
Apr 2019 1279.8568582243179 0.33 3.93
May 2019 1288.0837823467912 0.64 4.36
Jun 2019 1305.3124200973089 1.34 7.10
Jul 2019 1309.2766224076797 0.30 6.00
Aug 2019 1304.0790710615208 -0.40 4.43
Sep 2019 1295.9416820054132 -0.62 2.01
Oct 2019 1308.9347649130164 1.00 3.89
Nov 2019 1315.5440318900191 0.51 2.71
Dec 2019 1320.5699617146108 0.38 2.84
Jan 2020 1338.7567080695494 1.38 4.74
Feb 2020 1357.1841851973345 1.38 7.08
Mar 2020 1376.5958333944775 1.43 7.91
Apr 2020 1354.2706853770233 -1.62 5.81
May 2020 1341.307082623731 -0.96 4.13
Jun 2020 1337.3837079844182 -0.29 2.46
Jul 2020 1362.0249864785462 1.84 4.03
Aug 2020 1372.3462703364244 0.76 5.24
Sep 2020 1377.5559984556621 0.38 6.30
Oct 2020 1384.4831840724958 0.50 5.77
Nov 2020 1391.0322655443183 0.47 5.74
Dec 2020 1399.2392253744022 0.59 5.96
Jan 2021 1403.5679122241975 0.31 4.84
Feb 2021 1406.0805316406575 0.18 3.60
Mar 2021 1403.409624830919 -0.19 1.95
Apr 2021 1418.124783814537 1.05 4.72
May 2021 1439.2236934034415 1.49 7.30
Jun 2021 1460.7071996586617 1.49 9.22
Jul 2021 1479.697977139499 1.30 8.64
Aug 2021 1515.212035315707 2.40 10.41
Sep 2021 1546.4835065822274 2.06 12.26
Oct 2021 1560.8705863997225 0.93 12.74
Nov 2021 1551.7764948084841 -0.58 11.56
Dec 2021 1562.0408226167974 0.66 11.64
Jan 2022 1559.930600322192 -0.13 11.14
Feb 2022 1577.8718492539679 1.15 12.22
Mar 2022 1582.6220504412279 0.30 12.77
Apr 2022 1598.7584182360088 1.02 12.74
May 2022 1606.2273265044903 0.47 11.60
Jun 2022 1613.134292728406 0.43 10.44
Jul 2022 1618.9121563452682 0.36 9.41
Aug 2022 1625.823491592193 0.43 7.30
Sep 2022 1627.244530439205 0.09 5.22
Oct 2022 1633.2339391851901 0.37 4.64
Nov 2022 1652.233217816573 1.16 6.47
Dec 2022 1661.726764433456 0.57 6.38
Jan 2023 1677.3670202374083 0.94 7.53
Feb 2023 1671.3115003179091 -0.36 5.92
Mar 2023 1674.6929312756313 0.20 5.82
Apr 2023 1674.6807532994035 0.00 4.75
May 2023 1672.8045600478524 -0.11 4.14
Jun 2023 1678.9171925822545 0.37 4.08
Jul 2023 1674.330926604869 -0.27 3.42
Aug 2023 1660.3757870399459 -0.83 2.13
Sep 2023 1652.2655144090202 -0.49 1.54
Oct 2023 1649.5595052869216 -0.16 1.00
Nov 2023 1670.3436677977104 1.26 1.10
Dec 2023 1681.1021474371346 0.64 1.17
Jan 2024 1688.3571365773494 0.43 0.66
Feb 2024 1685.5308327268908 -0.17 0.85
Mar 2024 1687.8312909797844 0.14 0.79
Apr 2024 1714.0931932635192 1.56 2.35
May 2024 1726.1925308714644 0.71 3.19
Jun 2024 1728.227471345234 0.12 2.94
Jul 2024 1722.6737694741903 -0.32 2.89
Aug 2024 1727.827862533046 0.30 4.06
Sep 2024 1729.2264200990448 0.08 4.66
Oct 2024 1729.991405093574 0.04 4.88
Nov 2024 1717.8215048185846 -0.70 2.84
Dec 2024 1721.0101385765968 0.19 2.37
Jan 2025 1732.4291610536318 0.66 2.61
Feb 2025 1743.3638628289805 0.63 3.43
Mar 2025 1748.4399925455673 0.29 3.59
Apr 2025 1732.7487350736715 -0.90 1.09
May 2025 1730.1101408823786 -0.15 0.23
Jun 2025 1730.722895373775 0.04 0.14
Jul 2025 1741.8880136158057 0.65 1.12
Aug 2025 1747.9503329609838 0.35 1.17
Sep 2025 1754.4332000539607 0.37 1.46
Oct 2025 1757.4860857557585 0.17 1.59
Nov 2025 1756.056817624857 -0.08 2.23
Dec 2025 1748.6256224920705 -0.42 1.61
Jan 2026 1735.0232683982686 -0.78 0.15