Arroyo Grande, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Arroyo Grande, CA Housing Market Trends

With a population of 17,976, 7,026 total housing units (homes and apartments), and a median house value of $629,648, real estate costs in Arroyo Grande are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Arroyo Grande, accounting for 69.72% of the city's housing units. Other types of housing that are prevalent in Arroyo Grande include large apartment complexes or high rise apartments ( 10.60%), row houses and other attached homes ( 8.07%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.87%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Arroyo Grande. Owner-occupied housing accounts for 66.63% of Arroyo Grande's homes, and 60.72% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Arroyo Grande built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Arroyo Grande built between 1940-1969 ( 29.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.84%). There's also some housing in Arroyo Grande built before 1939 ( 3.27%).

Arroyo Grande Home Appreciation Rates

In the last 10 years, Arroyo Grande has experienced some of the highest home appreciation rates of any community in the nation. Arroyo Grande real estate appreciated 63.36% over the last ten years, which is an average annual home appreciation rate of 5.03%, putting Arroyo Grande in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Arroyo Grande definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Arroyo Grande appreciation rates have trailed the rest of the nation. In the last twelve months, Arroyo Grande's appreciation rate has been 3.51%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Arroyo Grande were at 1.39%, which equates to an annual appreciation rate of 5.69%.

Notably, Arroyo Grande's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Arroyo Grande's latest annual appreciation rate is lower than 80% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Arroyo Grande differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Arroyo Grande - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Arroyo Grande real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$629,648

Arroyo Grande, CA HOME PRICES

> $1,145,000
7.6%
7.6%
$859,001 - $1,145,000
17.1%
17.1%
$572,001 - $859,000
40.2%
40.2%
$458,001 - $572,000
15.4%
15.4%
$343,001 - $458,000
10.2%
10.2%
$229,001 - $343,000
3.1%
3.1%
$114,001 - $229,000
1.2%
1.2%
$57,001 - $114,000
1.9%
1.9%
$0 - $57,000
3.4%
3.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CA

Value Relative To Nation

Number Of Homes And Apartments:
7,026

Arroyo Grande Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
130.34% 4.05%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,249 / per month

Homeownership Rate

Owners
66.6%
66.6%
Renters
33.4%
33.4%
Vacant
9.2%
9.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
19.8%
19.8%
1970 - 1999
47.6%
47.6%
1940 - 1969
29.3%
29.3%
1939 or Older
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.7%
69.7%
Townhomes
8.1%
8.1%
Small Apt. Buildings
5.9%
5.9%
Apt. Complexes
10.6%
10.6%
Mobile Homes
5.5%
5.5%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.4%
1.4%
1 Bedroom
12.3%
12.3%
2 Bedrooms
23.5%
23.5%
3 Bedrooms
46.7%
46.7%
4 Bedrooms
14.0%
14.0%
5 or more bedrooms
2.1%
2.1%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Arroyo Grande

Popular Communities Near Arroyo Grande, CA

Zip Codes in Arroyo Grande, CA