Median Rent
Zillow Observed Rent Index for all home types.
3.9kUSD/mo
Trend YoY growth is +6.2%, accelerating by 2.8 pp/year over the last 1Y. Latest: +4.0%, 2.2 pp below trend, a 2.6σ deviation. The latest YoY reading is depressed by 60 bps due to an tough comparison base from Feb 1.
Level
YoY %
y = 3.6% + 2.8 pp/yr · t
Deviation from trend
Forecast
Projected value by forecast vintage (USD/mo)
Projected value (USD/mo)
| Forecast made in | Mar '25 | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 | Nov '26 | Dec '26 | Jan '27 | Feb '27 | Mar '27 | MAPE |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar '25 | 3.7k | 3.8k | 3.8k | 3.8k | 3.8k | 3.9k | 3.9k | 3.9k | 3.8k | 3.7k | 3.7k | 3.7k | 3.7k | 3.8k | 3.8k | 3.9k | 3.9k | 3.9k | 3.9k | 3.9k | 3.9k | 3.9k | 3.8k | 3.7k | 3.6k | 62% |
| Apr '25 | 3.8k | 3.8k | 3.8k | 3.8k | 3.9k | 3.9k | 3.9k | 3.8k | 3.8k | 3.7k | 3.7k | 3.7k | 3.8k | 3.8k | 3.9k | 3.9k | 3.9k | 3.9k | 3.9k | 3.9k | 3.9k | 3.8k | 3.7k | 3.6k | 65% | |
| May '25 | 3.8k | 3.8k | 3.9k | 3.9k | 3.9k | 3.9k | 3.8k | 3.8k | 3.7k | 3.8k | 3.8k | 3.8k | 3.8k | 3.9k | 3.9k | 4.0k | 4.0k | 4.0k | 3.9k | 3.9k | 3.9k | 3.8k | 3.7k | 62% | ||
| Jun '25 | 3.9k | 3.9k | 3.9k | 3.9k | 3.9k | 3.9k | 3.8k | 3.8k | 3.8k | 3.8k | 3.8k | 3.9k | 3.9k | 4.0k | 4.0k | 4.0k | 4.0k | 4.0k | 4.0k | 3.9k | 3.9k | 3.8k | 53% | |||
| Jul '25 | 3.9k | 3.9k | 3.9k | 3.9k | 3.9k | 3.8k | 3.8k | 3.8k | 3.8k | 3.9k | 3.9k | 4.0k | 4.0k | 4.1k | 4.1k | 4.1k | 4.1k | 4.0k | 4.0k | 3.9k | 3.9k | 42% | ||||
| Aug '25 | 4.0k | 3.9k | 4.0k | 3.9k | 3.9k | 3.8k | 3.9k | 3.9k | 3.9k | 4.0k | 4.0k | 4.1k | 4.1k | 4.1k | 4.1k | 4.1k | 4.1k | 4.0k | 4.0k | 4.0k | 32% | |||||
| Sep '25 | 4.0k | 4.0k | 3.9k | 3.9k | 3.9k | 3.9k | 3.9k | 4.0k | 4.0k | 4.1k | 4.1k | 4.2k | 4.2k | 4.2k | 4.2k | 4.2k | 4.1k | 4.1k | 4.1k | 24% | ||||||
| Oct '25 | 4.0k | 4.0k | 3.9k | 3.9k | 3.9k | 3.9k | 4.0k | 4.0k | 4.1k | 4.2k | 4.2k | 4.2k | 4.2k | 4.2k | 4.2k | 4.2k | 4.1k | 4.2k | 25% | |||||||
| Nov '25 | 4.0k | 3.9k | 3.9k | 4.0k | 4.0k | 4.0k | 4.1k | 4.2k | 4.2k | 4.3k | 4.3k | 4.3k | 4.3k | 4.3k | 4.3k | 4.2k | 4.3k | 27% | ||||||||
| Dec '25 | 4.0k | 3.9k | 4.0k | 4.0k | 4.1k | 4.1k | 4.2k | 4.3k | 4.3k | 4.4k | 4.4k | 4.4k | 4.4k | 4.3k | 4.3k | 4.4k | 36% | |||||||||
| Jan '26 | 3.9k | 4.0k | 4.0k | 4.1k | 4.1k | 4.2k | 4.3k | 4.3k | 4.4k | 4.4k | 4.4k | 4.4k | 4.3k | 4.3k | 4.4k | 73% | ||||||||||
| Feb '26 | 3.9k | 4.0k | 4.0k | 4.1k | 4.2k | 4.2k | 4.3k | 4.3k | 4.3k | 4.3k | 4.3k | 4.3k | 4.2k | 4.3k | ||||||||||||
| Mar '26 | 4.0k | 4.0k | 4.1k | 4.2k | 4.2k | 4.3k | 4.3k | 4.3k | 4.3k | 4.3k | 4.3k | 4.2k | 4.3k |
YoY change forecast
| Forecast made in | Mar '25 | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 | Nov '26 | Dec '26 | Jan '27 | Feb '27 | Mar '27 | MAPE |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar '25 | +3.1% | +3.2% | +2.9% | +2.6% | +2.3% | +2.0% | +1.7% | +1.4% | +1.1% | +0.8% | +0.5% | +0.2% | -0.1% | -0.4% | -0.7% | -1.0% | -1.3% | -1.6% | -1.9% | -2.2% | -2.5% | -2.7% | -3.0% | -3.3% | -3.6% | 62% |
| Apr '25 | +3.7% | +3.0% | +2.7% | +2.4% | +2.1% | +1.8% | +1.5% | +1.2% | +0.9% | +0.6% | +0.3% | +0.0% | -0.2% | -0.5% | -0.8% | -1.1% | -1.4% | -1.7% | -2.0% | -2.3% | -2.6% | -2.9% | -3.2% | -3.5% | 65% | |
| May '25 | +3.6% | +3.0% | +2.7% | +2.5% | +2.2% | +1.9% | +1.7% | +1.4% | +1.2% | +0.9% | +0.7% | +0.4% | +0.2% | -0.1% | -0.3% | -0.6% | -0.9% | -1.1% | -1.4% | -1.6% | -1.9% | -2.1% | -2.4% | 62% | ||
| Jun '25 | +4.3% | +3.2% | +3.0% | +2.8% | +2.6% | +2.4% | +2.2% | +2.0% | +1.8% | +1.6% | +1.4% | +1.3% | +1.1% | +0.9% | +0.7% | +0.5% | +0.3% | +0.1% | -0.1% | -0.3% | -0.5% | -0.7% | 53% | |||
| Jul '25 | +5.0% | +3.5% | +3.4% | +3.3% | +3.1% | +3.0% | +2.8% | +2.7% | +2.6% | +2.4% | +2.3% | +2.2% | +2.0% | +1.9% | +1.7% | +1.6% | +1.5% | +1.3% | +1.2% | +1.1% | +0.9% | 42% | ||||
| Aug '25 | +5.0% | +3.9% | +3.8% | +3.7% | +3.7% | +3.6% | +3.5% | +3.4% | +3.4% | +3.3% | +3.2% | +3.1% | +3.0% | +3.0% | +2.9% | +2.8% | +2.7% | +2.7% | +2.6% | +2.5% | 32% | |||||
| Sep '25 | +5.2% | +4.4% | +4.5% | +4.5% | +4.5% | +4.5% | +4.5% | +4.5% | +4.5% | +4.5% | +4.6% | +4.6% | +4.6% | +4.6% | +4.6% | +4.6% | +4.6% | +4.7% | +4.7% | 24% | ||||||
| Oct '25 | +5.0% | +4.9% | +5.0% | +5.1% | +5.2% | +5.3% | +5.4% | +5.5% | +5.6% | +5.7% | +5.8% | +5.8% | +5.9% | +6.0% | +6.1% | +6.2% | +6.3% | +6.4% | 25% | |||||||
| Nov '25 | +6.2% | +5.7% | +5.9% | +6.1% | +6.3% | +6.5% | +6.7% | +6.9% | +7.1% | +7.3% | +7.5% | +7.7% | +7.9% | +8.1% | +8.3% | +8.5% | +8.7% | 27% | ||||||||
| Dec '25 | +7.1% | +6.5% | +6.8% | +7.1% | +7.4% | +7.7% | +8.0% | +8.3% | +8.6% | +8.9% | +9.2% | +9.5% | +9.7% | +10.0% | +10.3% | +10.6% | 36% | |||||||||
| Jan '26 | +6.4% | +6.9% | +7.2% | +7.5% | +7.8% | +8.1% | +8.5% | +8.8% | +9.1% | +9.4% | +9.7% | +10.0% | +10.3% | +10.7% | +10.9% | 73% | ||||||||||
| Feb '26 | +4.0% | +6.4% | +6.6% | +6.9% | +7.1% | +7.3% | +7.6% | +7.8% | +8.0% | +8.3% | +8.5% | +8.8% | +9.0% | +9.2% | ||||||||||||
| Mar '26 | +6.4% | +6.6% | +6.9% | +7.1% | +7.3% | +7.6% | +7.8% | +8.0% | +8.3% | +8.5% | +8.8% | +9.0% | +9.2% |