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 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

San Luis Obispo Housing Market Information

With a population of 47,541, 18,555 total housing units (homes and apartments), and a median house value of $797,243, 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 46.48% 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 ( 24.55%), duplexes, homes converted to apartments or other small apartment buildings ( 13.75%), and a few mobile homes or trailers ( 7.53%).

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 ( 28.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.91%). There's also some housing in San Luis Obispo built before 1939 ( 9.27%).

San Luis Obispo Home Appreciation Rates

In the last 10 years, San Luis Obispo has experienced some of the highest home appreciation rates of any community in the nation. San Luis Obispo real estate appreciated 29.21% over the last ten years, which is an average annual home appreciation rate of 2.60%, putting San Luis Obispo in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, San Luis Obispo 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, San Luis Obispo's appreciation rate, at 6.02%, has been at or slightly above the national average. In the latest quarter, San Luis Obispo's appreciation rate has been 1.50%, which annualizes to a rate of 6.14%.

Relative to California, our data show that San Luis Obispo's latest annual appreciation rate is lower than 90% 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:
$797,243

San Luis Obispo, CA HOME PRICES

Value Range
> $1,276,000 6.1
$957,001 - $1,276,000 18.2
$638,001 - $957,000 38.0
$510,001 - $638,000 11.3
$383,001 - $510,000 10.0
$255,001 - $383,000 4.4
$128,001 - $255,000 4.5
$64,001 - $128,000 3.7
$0 - $64,000 3.7

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.45255474452555 23.4600262123198

Number Of Homes And Apartments:
18,555

San Luis Obispo 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
118.93% 4.27%
6
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,945 / per month

Homeownership Rate

Homeownership
Owners 35.55
Renters 64.45
Vacant 6.79

Housing Market Details

 

Age of Homes

AGE OF San Luis Obispo HOMES
2000 or Newer 11.9
1970 - 1999 50.4
1940 - 1969 28.5
1939 or Older 9.3

Types of Homes

TYPE OF San Luis Obispo HOMES
Single-Family 46.5
Townhomes 7.4
Small Apt. Buildings 13.7
Apt. Complexes 24.5
Mobile Homes 7.5
Other 0.3

Home Size

SIZE OF San Luis Obispo HOMES
No Bedroom 6.31
1 Bedroom 16.78
2 Bedrooms 33.14
3 Bedrooms 29.50
4 Bedrooms 11.08
5 or more bedrooms 3.19