San Luis Obispo, CA housing market
Typical home value
$1.08M
▲ 2.0% 1 yr
Typical rent
$2,968/mo
▲ 1.0% 1 yr
Gross rent yield
3.3%
U.S. 6.3%
5-year home value change
+28%
U.S. +20%
Key takeaways
- 1The typical home in San Luis Obispo is worth $1,081,221, up 2.0% over the past year and up 28% over five years.
- 2Typical rent is $2,968 a month (+1.0% YoY), a gross rent yield of 3.3% (below the San Luis Obispo, CA metro's 3.7%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $5,942/mo, $2,974 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 San Luis Obispo compares
| Measure | San Luis Obispo | San Luis Obispo, CA metro | United States |
|---|---|---|---|
| Typical home value | $1,081,221 | $897,657 | $366,157 |
| Home value, 1-yr change | +2.0% | +2.0% | +1.2% |
| Typical rent | $2,968 | $2,802 | $1,932 |
| Rent, 1-yr change | +1.0% | +2.9% | +2.7% |
| Gross rent yield | 3.3% | 3.7% | 6.3% |
| Price-to-rent ratio | 30.4 | 26.7 | 15.8 |
| Mortgage P&I, typical home | $5,942 | $4,933 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical San Luis Obispo rental, pre-filled.
Rent vs buy in San Luis Obispo
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $1.08M home.
Landlord in California? See California deposit, late fee and notice rules.
Other cities in the San Luis Obispo, CA metro
Paso Robles, CA
$771K home$2,763 rent
▲ 1.9% 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.