House Charts

San Luis Obispo, CA Housing Market: Home Prices & Rent

Updated September 2026 data · metro area
San Luis Obispo, CA home values are up 2.0% over the past year, to a typical $898k. Typical rent is $2,802 a month (+2.9% in a year).
Typical home value
$898k
+2.0% (+$17k) in 12 months
Since Dec 2019
+47%
from $612k
Typical rent
$2,802/mo
+2.9% in 12 months
Income needed to buy
$233k/yr
20% down, 30% of income
Days to go under contract
49
September 2026

San Luis Obispo, CA home values since 2000

$200k$400k$600k$800k2000200420082012201620202024Now $898k

Last few years

$600k$700k$800k$900k20192020202120222023202420252026Now $898k

Rent in San Luis Obispo, CA

$1,500$2,000$2,500201520172019202120232025Now $2,802

Owning vs renting, monthly

Buying the typical San Luis Obispo, CA home with 20% down at this week's 7.32% 30-year rate costs about $6,055/month (principal, interest plus ~1.5% a year for tax and insurance) vs $2,802/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

San Luis Obispo, CA vs California vs the U.S.

Typical home12-month changeTypical rent
This metro$898k+2.0%$2,802/mo
California$762k+0.6%-
United States$366k+1.2%$1,932/mo

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Common questions

Are home prices falling in San Luis Obispo, CA?

No - the typical San Luis Obispo, CA-area home value is up 2.0% over the past 12 months, at $898k (September 2026).

Is the San Luis Obispo, CA housing market crashing?

Home values are close to their 2020s high and up 2.0% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.

How much is rent in San Luis Obispo, CA?

Typical rent in the San Luis Obispo, CA metro is $2,802 a month (September 2026), +2.9% over 12 months.

How much income do you need to buy a home in San Luis Obispo, CA?

About $233k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).

Nearby and similar metros

Los Angeles, CA · San Francisco, CA · Riverside, CA · San Diego, CA · Sacramento, CA · San Jose, CA · Oxnard, CA · Napa, CA · Honolulu, HI · Santa Rosa, CA

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the San Luis Obispo, CA metro area. How we calculate.