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Morro Bay, CA
Full City Profile · California · San Luis Obispo County County
2.9
/5.0
C+
Fair
10,717
Population
2,007/sq mi density
$92,553
Median Income
$59,411 per capita
$864,900
Home Value
$937,491 Zillow
$1,820
Median Rent
30.7% income on rent
60°F
Avg Temperature
330 sunny days/yr
198
Violent Crime/100K
1,195 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$92,553 median income, 4.7% unemployment
F
Affordability
1.4 / 5.0
$864,900 home value, $1,820/mo rent
F
Safety
1.0 / 5.0
198 violent crimes/100K
A+
Education
4.7 / 5.0
46.4% bachelor's degree or higher
Housing Overview
Median Home Value
$864,900
207% above
US avg: $281,900
Median Rent
$1,820/mo
56% above
US avg: $1,163/mo
Homeownership Rate
60.5%
7% below US avg (65.4%)
Total Housing Units
6,086
Median year built: 1971
Home Value by Source
Census Median
$864,900
Zillow (ZHVI)
$937,491
Median Sale Price
$960,000
Median List Price
$822,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
60.5%
Owner-Occupied
39.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,513/mo
1 Bedroom
$1,647/mo
2 Bedroom
$2,053/mo
3 Bedroom
$2,752/mo
4 Bedroom
$3,165/mo
Census median rent:
$1,820/mo
· Zillow rent:
$2,502/mo
Market Indicators (Redfin)
Median Days on Market
83 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
18
Price Drops
23.8%
of listings with price reduction
Price Per Sq Ft
$677
Active Inventory
21
homes for sale
Affordability & Housing Stock
Rent Burden
30.7%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
60.5%
Complete Housing Data
Home Values
| Census Median Value | $864,900 |
| Zillow Home Value (ZHVI) | $937,491 |
| Median Sale Price | $960,000 |
| Median List Price | $822,450 |
| Price Per Sq Ft | $677 |
Rent
| Census Median Rent | $1,820 |
| Zillow Rent (ZORI) | $2,502 |
| FMR Studio | $1,513 |
| FMR 1-Bedroom | $1,647 |
| FMR 2-Bedroom | $2,053 |
| FMR 3-Bedroom | $2,752 |
| FMR 4-Bedroom | $3,165 |
Market
| Days on Market | 83 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 23.8% |
| Homes Sold | 18 |
| Active Inventory | 21 |
| Price Per Sq Ft | $677 |
Ownership & Stock
| Owner-Occupied | 60.5% |
| Renter-Occupied | 39.5% |
| Homeownership Rate | 60.5% |
| Total Housing Units | 6,086 |
| Median Year Built | 1971 |
| Rent Burden | 30.7% |