
Home Price Key
These days, finding an affordable place to live in the San Luis Obispo area can be challenging. Home prices in San Luis Obispo are now at a median cost of $702,241, higher than the California average of $648,235.
The average cost of rent is $1,779/mo in San Luis Obispo, primarily driven by the current value of real estate in the San Luis Obispo area. While nearly 40.13% of residents own their homes outright in San Luis Obispo, 55.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in San Luis Obispo is $5,644 per month. Households that rent pay about 31.52% of their income on rent here. San Luis Obispo's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Avila Beach, CA: higher priced homes
- Shell Beach, CA: higher priced homes
- Pismo Beach, CA: equally priced homes
- Los Osos, CA: less expensive homes
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- Halcyon, CA: higher priced homes
- Santa Margarita, CA: less expensive homes
- Arroyo Grande, CA: equally priced homes
- Morro Bay, CA: equally priced homes
- Oceano, CA: less expensive homes
Cities with Similar Populations
- Blaine, MN: less expensive homes
- Brentwood, CA: less expensive homes
- Casa Grande, AZ: less expensive homes
- Gilroy, CA: higher priced homes
- Hickory, NC: less expensive homes
- North Little Rock, AR: less expensive homes
- Wyoming, MI: less expensive homes
- North Miami, FL: less expensive homes
- North Richland Hills, TX: less expensive homes
- Northglenn, CO: less expensive homes
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