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Arroyo Grande

Learn about the people, housing, costs and businesses in Arroyo Grande, California

Median Home$796,175
Median Rent$2,218/month
Population18,560
Leading IndustriesHealthcare · Arts, Food & Hospitality16% healthcare
Home Value Growth⬆⬆+12.5% over 2 years
Retirees28% of residentswell above average
Homeowners62% of occupied units
NotableHighly Educated29% bachelor's · 13% graduate · top 10% nationally
NotableHigh Incomes$92k/year · top 23% nationally
Arroyo Grande
CA

Frequently Asked Questions

What are today's mortgage rates in Arroyo Grande?

As of today, the 30-year fixed mortgage rate for Arroyo Grande is approximately 6.795% (6.827% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Arroyo Grande?

The median home value in Arroyo Grande is $796k. The median monthly rent is $2,218. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Arroyo Grande?

Home values in Arroyo Grande have increased 12.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Arroyo Grande?

Based on a typical all-in ownership cost of $1,980/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $85k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Arroyo Grande is $92k/year.

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What industries drive the economy in Arroyo Grande?

The largest employment sectors in Arroyo Grande are public administration (25%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.