San Luis Obispo housing market
Typical home value
$898K
▲ 2.0% 1 yr
Typical rent
$2,802/mo
▲ 2.9% 1 yr
12-month forecast
+1.5%
#349 of 546 metros
Gross rent yield
3.7%
#527 of 546 · U.S. 6.3%
Days to pending
49 days
■ 0 days 1 yr
Listings with a price cut
27%
▲ +0.5 pts 1 yr
Key takeaways
- 1The typical home is worth $897,657, up 2.0% in a year and up 23% over five years.
- 2Zillow forecasts home values rising 1.5% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $2,802/mo (+2.9% YoY), a 3.7% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $4,933/mo in principal and interest, $2,131 more than renting.
- 5Homes go under contract in 49 days (0 days vs last year); 27% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How San Luis Obispo compares
| Measure | San Luis Obispo | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.0% | +1.2% | #291 |
| Home value, 5-yr change | +22.6% | +19.7% | |
| 12-month forecast | +1.5% | +1.1% | #349 |
| Rent, 1-yr change | +2.9% | +2.7% | #316 |
| Gross rent yield | 3.7% | 6.3% | #527 |
| Price-to-rent ratio | 26.7 | 15.8 | |
| Mortgage P&I on typical home | $4,933 | $2,012 | |
| Income needed to buy | $233,033 | $100,902 | |
| Days to pending | 49 | 56 |
Cities in the San Luis Obispo metro
4 cities with home value and rent data.
| San Luis Obispo | $1.08M | ▲ 2.0% | $2,968 | ▲ 1.0% | 3.3% |
| Paso Robles | $771K | ▲ 1.9% | $2,763 | ▲ 3.9% | 4.3% |
| Atascadero | $783K | ▲ 2.2% | $2,445 | ▲ 5.8% | 3.7% |
| Pismo Beach | $1.09M | ▲ 2.2% | $3,242 | ▲ 8.8% | 3.6% |
Run the numbers
Rental property calculator
Cash flow on a typical San Luis Obispo rental ($898K, $2,802/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical San Luis Obispo home.
Rent vs buy
Is it cheaper to rent or buy in San Luis Obispo?
Renting out a property in California? See deposit limits, late fee rules and notice periods.
Other California metros
Los Angeles, CA
$950K home$2,929 rent3.7% yield
▲ 1.3% 1 yr
San Francisco, CA
$1.12M home$3,445 rent3.7% yield
▲ 3.1% 1 yr
Riverside, CA
$580K home$2,533 rent5.2% yield
▲ 0.6% 1 yr
San Diego, CA
$927K home$2,967 rent3.8% yield
▲ 0.8% 1 yr
Sacramento, CA
$573K home$2,269 rent4.8% yield
■ 0.0% 1 yr
San Jose, CA
$1.52M home$3,812 rent3.0% yield
▲ 0.2% 1 yr
Fresno, CA
$404K home$2,052 rent6.1% yield
▲ 1.1% 1 yr
Bakersfield, CA
$360K home$1,822 rent6.1% yield
■ 0.0% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.