Zip Code: 97236 (Portland, 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 97236 Zip Code (Portland, Oregon) in January 2026 was $1,580.479. The month over month percentage change (MoM) was 1.30%, and the year over year percentage change (YoY) was 3.52%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 97236 zip code (Portland, Oregon). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 97236 zip code (Portland, 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: 97236 (Portland, Oregon) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 97236 (Portland, Oregon) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
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Month ZORI ($) 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 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 1198.7356767754109 Infinity Infinity
Jan 2021 1215.5827798797354 1.41 Infinity
Feb 2021 1256.3135891136174 3.35 Infinity
Mar 2021 1247.4435018545116 -0.71 Infinity
Apr 2021 1258.9798821439315 0.93 Infinity
May 2021 1259.8431543676534 0.07 Infinity
Jun 2021 1292.188199036549 2.57 Infinity
Jul 2021 1303.2625029025935 0.86 Infinity
Aug 2021 1340.6889670965618 2.87 Infinity
Sep 2021 1339.3085794793537 -0.10 Infinity
Oct 2021 1337.6929201029657 -0.12 Infinity
Nov 2021 1346.2070979486987 0.64 Infinity
Dec 2021 1351.5432314542688 0.40 12.75
Jan 2022 1376.0385798117256 1.81 13.20
Feb 2022 1369.2896227393253 -0.49 8.99
Mar 2022 1412.4646613755538 3.15 13.23
Apr 2022 1421.8891656588046 0.67 12.94
May 2022 1449.2910927019525 1.93 15.04
Jun 2022 1453.5671244994062 0.30 12.49
Jul 2022 1467.263073281425 0.94 12.58
Aug 2022 1454.7197403300347 -0.85 8.51
Sep 2022 0 -100.00 -100.00
Oct 2022 1481.1875362907547 Infinity 10.73
Nov 2022 1500.8201475398555 1.33 11.49
Dec 2022 1508.7024604623527 0.53 11.63
Jan 2023 1500.592423606461 -0.54 9.05
Feb 2023 1505.7502020304673 0.34 9.97
Mar 2023 1487.1182528327386 -1.24 5.29
Apr 2023 1483.653348256006 -0.23 4.34
May 2023 1491.9898923608257 0.56 2.95
Jun 2023 1494.368223645426 0.16 2.81
Jul 2023 1496.6080102316982 0.15 2.00
Aug 2023 1491.0635757875125 -0.37 2.50
Sep 2023 1493.4900223294271 0.16 Infinity
Oct 2023 1497.121104984071 0.24 1.08
Nov 2023 1500.7053329216972 0.24 -0.01
Dec 2023 1513.3650510637544 0.84 0.31
Jan 2024 1519.0172077803188 0.37 1.23
Feb 2024 1522.5745432818521 0.23 1.12
Mar 2024 1523.9002560179974 0.09 2.47
Apr 2024 1517.7302516149553 -0.40 2.30
May 2024 1508.7327248008744 -0.59 1.12
Jun 2024 1505.5456949762038 -0.21 0.75
Jul 2024 1517.2925153404274 0.78 1.38
Aug 2024 1521.8371897060003 0.30 2.06
Sep 2024 1529.559391269958 0.51 2.42
Oct 2024 1535.69049604103 0.40 2.58
Nov 2024 1547.8554027170753 0.79 3.14
Dec 2024 1544.6104561046955 -0.21 2.07
Jan 2025 1526.7246183990612 -1.16 0.51
Feb 2025 1530.9018768239985 0.27 0.55
Mar 2025 1538.758403889904 0.51 0.98
Apr 2025 1551.4447198094258 0.82 2.22
May 2025 1557.0082841172712 0.36 3.20
Jun 2025 1564.6292390048486 0.49 3.92
Jul 2025 1559.2639456958045 -0.34 2.77
Aug 2025 1567.6747731273388 0.54 3.01
Sep 2025 1566.8808075166403 -0.05 2.44
Oct 2025 1564.665796866967 -0.14 1.89
Nov 2025 1557.4098773909436 -0.46 0.62
Dec 2025 1560.26789240995 0.18 1.01
Jan 2026 1580.4790394790396 1.30 3.52