Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$897,661+2.0% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$194,594About 2.0× the local median income ($99,646): hard to afford
Days on market73 daysAbout the same pace as a year ago
Next 12 months+1.5%Zillow expects prices to rise slightly
The typical home in San Luis Obispo County, CA is worth $897,661, up 2.0% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $857,256, so the area is 4.7% overvalued. It is a balanced market: homes take about 73 days to sell, listings are up 8% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 1.5% over the next year. A household needs about $194,594 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $99,646. Typical rent is $2,802 a month, or $3,462 for a house. In the latest IRS figures, 147 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$897,661
Change in 1 year
+2.0%
Overvalued %
+4.7%
Show 7 more
Fair home value
$857,256
Change in 5 years
+22.6%
Zillow forecast, next 12 months
+1.5%
Home value to income
9.0×
Monthly mortgage payment (20% down)
$4,865
Income needed to afford it
$194,594
Property tax rate
0.68%
Rent and investing
Typical rent
$2,802
Typical rent for houses
$3,462
Price-to-rent ratio
26.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$2,720
Gross rental yield
3.75%
Cap rate (estimate)
2.43%
Market activity
Listings vs a year ago
+8.3%
Days on market
73
Listings with a price cut
19.0%
Show 3 more
Homes for sale
705
Pending sales per 100 listings
32
Asking price per sq ft
$569
People and jobs
Median household income
$99,646
Population change (1 year)
+0.1%
Unemployment rate
5.5%
Show 4 more
Population
282,367
Income adjusted for cost of living
$91,755
Net moves in (IRS)
+147
Cost of living (US = 100)
108.6
Schools, risk and environment
School rating (1 to 10)
6.7
FEMA hazard risk score (0 to 100)
95.9
Unhealthy air days a year
7
Show 4 more
Flood risk score
96.7
Wildfire risk score
98.3
Walkability (1 to 20)
10.4
Road, rail and air noise
54 dB
Questions people ask
Is San Luis Obispo County, CA overvalued?
Home prices in San Luis Obispo County, CA are slightly above what local incomes have historically supported: fair value is about $857,256, so the area is 4.7% overvalued.
Is San Luis Obispo County, CA a buyer's or seller's market?
San Luis Obispo County, CA is a balanced market: homes take about 73 days to sell, listings are up 8% from a year ago, 19% of listings have had a price cut.
Are home prices going down in San Luis Obispo County, CA?
Home values in San Luis Obispo County, CA are up 2.0% over the last year. Zillow's forecast for the next 12 months is +1.5%.
How much do you need to earn to buy a home in San Luis Obispo County, CA?
A household needs about $194,594 a year to afford the typical home in San Luis Obispo County, CA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $99,646.