zori

Data Point: ZORI 2025-06 (City vs. MSA)

It has been roughly six months since we last looked at the ZORI (Zillow Observed Rent Index) ๐Ÿ‘‰here๐Ÿ‘ˆ where we compared across the cities of the Midwest. Here is a chart from the current data showing the value for the City of Grand Rapids vs. the Census Bureau's "Metropolitan Statistical Area" (MSA).

Data Point: zORI In 2024 (Midwest)

2015 - 2024

How as Grand Rapids' rent changed in the last ten years?

Data Point: 2023-08, The ZORI & For-Sale

Time to check the data again.


Rents

ZORI (Observed Rents)

A 12 month increase (July 2022 - 2023), for Grand Rapids, of $91/mo (+6.24%). The observed rent for Grand Rapids in July 2023 was $1460/mo.

Data Point: 2023-01, The ZORI & For-Sale

Time to check the data again.


ZORI (Observed Rents)

A 12 month increase of $157/mo (+9.2%).

Data Point: 2022-12-19, The ZORI (Nov 2022)

Starting to see a few headlines like "Rents Slide by Largest Amount in at Least 7 Years"! So is it here? Despite all other indicators - low vacancy, high employment, etc... - is the zenith of rents behind us? Let's check the data.

Data Point: 2022-09-18, The ZORI 2015-2022

The ZORI

The ZORI is the Zillow Observed Rent Index. Zillow provides a variety of data at their Data page.

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