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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 32,212 people, 11,802 houses or apartments, and a median cost of homes of $489,407, real estate costs in Paso Robles 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 Paso Robles, accounting for 68.61% of the city's housing units. Other types of housing that are prevalent in Paso Robles include duplexes, homes converted to apartments or other small apartment buildings ( 11.36%), large apartment complexes or high rise apartments ( 10.76%), and a few row houses and other attached homes ( 6.32%).
The most prevalent building size and type in Paso Robles are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.29% owning and 41.71% renting.
There is a lot of housing in Paso Robles 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 Paso Robles built between 2000 and later ( 25.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.24%). There's also some housing in Paso Robles built before 1939 ( 4.21%).
In the last 10 years, Paso Robles has experienced some of the highest home appreciation rates of any community in the nation. Paso Robles real estate appreciated 47.07% over the last ten years, which is an average annual home appreciation rate of 3.93%, putting Paso Robles in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Paso Robles 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, Paso Robles appreciation rates have trailed the rest of the nation. In the last twelve months, Paso Robles's appreciation rate has been 2.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Paso Robles were at 2.92%, which equates to an annual appreciation rate of 12.18%.
Importantly, this makes Paso Robles one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that Paso Robles's latest annual appreciation rate is lower than 50% 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 Paso Robles differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Paso Robles - 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 Paso Robles real estate investment or home purchase decisions.
|$939,001 - $1,252,000||2.5|
|$626,001 - $939,000||22.0|
|$501,001 - $626,000||24.5|
|$375,001 - $501,000||27.6|
|$250,001 - $375,000||13.8|
|$125,001 - $250,000||3.6|
|$62,001 - $125,000||0.5|
|$0 - $62,000||4.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Paso Robles HOMES|
|2000 or Newer||26.0|
|1970 - 1999||54.6|
|1940 - 1969||15.2|
|1939 or Older||4.2|
|TYPE OF Paso Robles HOMES|
|Small Apt. Buildings||11.4|
|SIZE OF Paso Robles HOMES|
|5 or more bedrooms||1.85|