Paso Robles, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Paso Robles, CA Real Estate Data

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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Paso Robles Housing Market Information

With 31,918 people, 11,440 houses or apartments, and a median cost of homes of $515,943, 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 68.17% of the city's housing units. Other types of housing that are prevalent in Paso Robles include large apartment complexes or high rise apartments ( 12.13%), duplexes, homes converted to apartments or other small apartment buildings ( 10.64%), and a few row houses and other attached homes ( 6.09%).

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 57.69% owning and 42.31% 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 ( 26.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.36%). There's also some housing in Paso Robles built before 1939 ( 3.59%).

Paso Robles Home Appreciation Rates

Appreciation rates for homes in Paso Robles have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 26.95%, which ranks in the top 30% nationwide. This equates to an annual average Paso Robles house appreciation rate of 2.42%.

NeighborhoodScout's data show that during the latest twelve months, Paso Robles's appreciation rate, at 6.57%, has been at or slightly above the national average. In the latest quarter, Paso Robles's appreciation rate has been 1.50%, which annualizes to a rate of 6.14%.

Relative to California, our data show that Paso Robles'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 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.

Average Home Values

 

Median Home Value:
$515,943

Paso Robles, CA HOME PRICES

Value Range
> $1,334,000 1.0
$1,001,001 - $1,334,000 2.6
$667,001 - $1,001,000 18.1
$534,001 - $667,000 24.6
$401,001 - $534,000 27.1
$267,001 - $401,000 17.7
$133,001 - $267,000 4.6
$66,001 - $133,000 0.3
$0 - $66,000 4.0

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
6.77372262773723 45.0851900393185

Number Of Homes And Apartments:
11,440

Paso Robles Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
111.62% 4.08%
5
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,782 / per month

Homeownership Rate

Homeownership
Owners 57.69
Renters 42.31
Vacant 4.56

Housing Market Details

 

Age of Homes

AGE OF Paso Robles HOMES
2000 or Newer 26.3
1970 - 1999 55.8
1940 - 1969 14.4
1939 or Older 3.6

Types of Homes

TYPE OF Paso Robles HOMES
Single-Family 68.2
Townhomes 6.1
Small Apt. Buildings 10.6
Apt. Complexes 12.1
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Paso Robles HOMES
No Bedroom 1.60
1 Bedroom 6.14
2 Bedrooms 33.03
3 Bedrooms 41.84
4 Bedrooms 14.93
5 or more bedrooms 2.46