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Zillow forecasts 3.0% rent inflation and 3.3% OER inflation
Zillow expects the forecasts to reflect how shelter costs enter the CPI, with rent inflation at 3.0% and OER inflation at 3.3% on an annual basis for June 2026.
Zillow Research forecasts 3.0% rent inflation and 3.3% inflation for owners equivalent rent, or OER, annually in June 2026, using the Consumer Price Index measure.
The forecasts are part of Zillow’s CPI shelter outlook for June 2026, as described by Zillow Research.
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Sources
Zillow ResearchZillow: CPI Shelter Forecast, June 2026
Zillow ResearchZillow: CPI Shelter Forecast, May 2026