2023 E-Insights Report

Zillow Observed Rent Index

Zillow Observed Rent Index

Zillow Observed Rent Index Trend

Zillow Observed Rent Index Trend

Competitive Position Trend

Competitive Position Trend

About: Zillow Observed Rent index is dollar-denominated by computing the mean of listed rents that fall into the 40th to 60th percentile range for all homes and apartments in a given region.
Source: Zillow Research.

  • The Zillow Observed Rent Index for Tampa Bay has registered steep increase since 2020.
  • The Tampa Bay MSA has experienced a significant decline in terms of competitive position since 2019.
  • San Diego has been the worst performing MSA with highest Zillow Observed Rent Index over the years.
  • St. Louis has been the best performing MSA with the lowest Zillow Observed Rent Index over the years.