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 Q4 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Paso Robles Housing Market Information

With a population of 31,918, 11,802 total housing units (homes and apartments), and a median house value of $487,338, 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%).

Paso Robles Home Appreciation Rates

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 32.72% over the last ten years, which is an average annual home appreciation rate of 2.87%, 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.

NeighborhoodScout's data show that during the latest twelve months, Paso Robles's appreciation rate, at 6.71%, has been at or slightly above the national average. In the latest quarter, Paso Robles's appreciation rate has been 0.93%, which annualizes to a rate of 3.78%.

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:
$487,338

Paso Robles, CA HOME PRICES

Value Range
> $1,245,000 1.4
$933,001 - $1,245,000 2.5
$622,001 - $933,000 22.0
$498,001 - $622,000 24.5
$374,001 - $498,000 27.6
$249,001 - $374,000 13.8
$124,001 - $249,000 3.6
$62,001 - $124,000 0.5
$0 - $62,000 4.1

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
7.6963503649635 48.0996068152031

Number Of Homes And Apartments:
11,802

Paso Robles Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
Since 2000:
2000 Q1 - 2018 Q4
111.88% 3.98%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,817 / per month

Homeownership Rate

Homeownership
Owners 58.29
Renters 41.71
Vacant 4.75

Housing Market Details

 

Age of Homes

AGE OF Paso Robles HOMES
2000 or Newer 26.0
1970 - 1999 54.6
1940 - 1969 15.2
1939 or Older 4.2

Types of Homes

TYPE OF Paso Robles HOMES
Single-Family 68.6
Townhomes 6.3
Small Apt. Buildings 11.4
Apt. Complexes 10.8
Mobile Homes 2.8
Other 0.2

Home Size

SIZE OF Paso Robles HOMES
No Bedroom 1.52
1 Bedroom 6.11
2 Bedrooms 32.42
3 Bedrooms 42.85
4 Bedrooms 15.26
5 or more bedrooms 1.85