The Most Affordable Neighborhoods in San Luis Obispo, CA by Home Value

 

San Luis Obispo, CA Map of Most Affordable Neighborhoods
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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.


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