Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$897,657+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$194,593About 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-Paso Robles, CA is worth $897,657, up 2.0% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $857,331, 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 $194,593 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
$897,657
Change in 1 year
+2.0%
Overvalued %
+4.7%
Show 7 more
Fair home value
$857,331
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
$194,593
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-Paso Robles, CA overvalued?
Home prices in San Luis Obispo-Paso Robles, CA are slightly above what local incomes have historically supported: fair value is about $857,331, so the area is 4.7% overvalued.
Is San Luis Obispo-Paso Robles, CA a buyer's or seller's market?
San Luis Obispo-Paso Robles, 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-Paso Robles, CA?
Home values in San Luis Obispo-Paso Robles, 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-Paso Robles, CA?
A household needs about $194,593 a year to afford the typical home in San Luis Obispo-Paso Robles, CA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $99,646.