San Luis Obispo, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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San Luis Obispo, 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 Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

San Luis Obispo Housing Market Information

With 47,541 people, 18,728 houses or apartments, and a median cost of homes of $759,088, real estate costs in San Luis Obispo 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 San Luis Obispo, accounting for 45.97% of the city's housing units. Other types of housing that are prevalent in San Luis Obispo include large apartment complexes or high rise apartments ( 25.66%), duplexes, homes converted to apartments or other small apartment buildings ( 12.76%), and a few mobile homes or trailers ( 7.73%).

People in San Luis Obispo primarily live in small (one, two or no bedroom) single-family detached homes. San Luis Obispo has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in San Luis Obispo 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 San Luis Obispo built between 1940-1969 ( 28.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.97%). There's also some housing in San Luis Obispo built before 1939 ( 9.71%).

San Luis Obispo Home Appreciation Rates

Appreciation rates for homes in San Luis Obispo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 29.83%, which ranks in the top 30% nationwide. This equates to an annual average San Luis Obispo house appreciation rate of 2.65%.

Over the last year, San Luis Obispo appreciation rates have trailed the rest of the nation. In the last twelve months, San Luis Obispo's appreciation rate has been 1.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in San Luis Obispo were at 0.11%, which equates to an annual appreciation rate of 0.44%.

Relative to California, our data show that San Luis Obispo's latest annual appreciation rate is lower than 70% 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 San Luis Obispo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Luis Obispo - 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 San Luis Obispo real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$759,088

San Luis Obispo, CA HOME PRICES

Value Range
> $1,183,000 5.3
$887,001 - $1,183,000 20.0
$591,001 - $887,000 38.8
$473,001 - $591,000 10.0
$355,001 - $473,000 7.7
$236,001 - $355,000 3.6
$118,001 - $236,000 5.6
$59,001 - $118,000 4.6
$0 - $59,000 4.5

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.57518248175182 23.1979030144168

Number Of Homes And Apartments:
18,728

San Luis Obispo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
113.16% 4.01%
6
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,185 / per month

Homeownership Rate

Homeownership
Owners 37.27
Renters 62.73
Vacant 7.89

Housing Market Details

 

Age of Homes

AGE OF San Luis Obispo HOMES
2000 or Newer 11.0
1970 - 1999 51.0
1940 - 1969 28.4
1939 or Older 9.7

Types of Homes

TYPE OF San Luis Obispo HOMES
Single-Family 46.0
Townhomes 7.6
Small Apt. Buildings 12.8
Apt. Complexes 25.7
Mobile Homes 7.7
Other 0.3

Home Size

SIZE OF San Luis Obispo HOMES
No Bedroom 6.54
1 Bedroom 15.51
2 Bedrooms 34.87
3 Bedrooms 28.79
4 Bedrooms 11.18
5 or more bedrooms 3.12