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San Luis Obispo

Learn about the people, housing, costs and businesses in San Luis Obispo, California

Median Home$926,068
Median Rent$2,007/month
Population47,991
Leading IndustriesArts, Food & Hospitality · Healthcare · Public Administration13% arts, food & hospitality
Home Value Growth⬆⬆+16.2% over 2 years
Young Adults53% of residentstop 1% nationally
Renters59% of occupied units
NotableAmenity Score77/100 · highly walkable area
NotableHighly Educated30% bachelor's · 15% graduate · top 9% nationally
San Luis Obispo
CA

Frequently Asked Questions

What are today's mortgage rates in San Luis Obispo?

As of today, the 30-year fixed mortgage rate for San Luis Obispo is approximately 6.576% (6.612% 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 San Luis Obispo?

The median home value in San Luis Obispo is $926k. The median monthly rent is $2,007. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in San Luis Obispo?

Home values in San Luis Obispo have increased 16.2% 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 San Luis Obispo?

Based on a typical all-in ownership cost of $2,004/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $86k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in San Luis Obispo is $79k/year.

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What industries drive the economy in San Luis Obispo?

The largest employment sectors in San Luis Obispo are public administration (27%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.