Paso Robles, CA housing market
Typical home value
$771K
▲ 1.9% 1 yr
Typical rent
$2,763/mo
▲ 3.9% 1 yr
Gross rent yield
4.3%
U.S. 6.3%
5-year home value change
+22%
U.S. +20%
Key takeaways
- 1The typical home in Paso Robles is worth $770,504, up 1.9% over the past year and up 22% over five years.
- 2Typical rent is $2,763 a month (+3.9% YoY), a gross rent yield of 4.3% (above the San Luis Obispo, CA metro's 3.7%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $4,234/mo, $1,471 more than typical rent.
- 4Zillow forecasts the San Luis Obispo, CA metro's home values to change +1.5% over the next 12 months.
Market temperature (San Luis Obispo, CA metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 37/100, #330 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Paso Robles compares
| Measure | Paso Robles | San Luis Obispo, CA metro | United States |
|---|---|---|---|
| Typical home value | $770,504 | $897,657 | $366,157 |
| Home value, 1-yr change | +1.9% | +2.0% | +1.2% |
| Typical rent | $2,763 | $2,802 | $1,932 |
| Rent, 1-yr change | +3.9% | +2.9% | +2.7% |
| Gross rent yield | 4.3% | 3.7% | 6.3% |
| Price-to-rent ratio | 23.2 | 26.7 | 15.8 |
| Mortgage P&I, typical home | $4,234 | $4,933 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Paso Robles rental, pre-filled.
Rent vs buy in Paso Robles
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $771K home.
Landlord in California? See California deposit, late fee and notice rules.
Other cities in the San Luis Obispo, CA metro
San Luis Obispo, CA
$1.08M home$2,968 rent
▲ 2.0% 1 yr
Atascadero, CA
$783K home$2,445 rent
▲ 2.2% 1 yr
Pismo Beach, CA
$1.09M home$3,242 rent
▲ 2.2% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.