There are currently 12,970 real estate properties in San Luis Obispo, CA, with a median automated valuation model (AVM) price of $719,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in San Luis Obispo, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in San Luis Obispo, CA, is $787,480.00, with the most expensive house in San Luis Obispo, CA, topping out at $25,000,000.00 and the cheapest home in San Luis Obispo, CA, clocking in at $75,000.00. In other words, there’s something for every potential homebuyer or savvy investor in San Luis Obispo, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in San Luis Obispo, CA, is on a rollercoaster ride. The average rent price in San Luis Obispo, CA, is $2,486.00. Indeed, when looking to rent in San Luis Obispo, CA, you can expect to pay as little as $1,150.00 or as much as $4,280.00, with the average rent median estimated to be $2,460.00. The good news is that finding an affordable and desirable property to rent in San Luis Obispo, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the San Luis Obispo, CA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in San Luis Obispo, CA and much more. Save thousands at closing with home foreclosure listings in San Luis Obispo, CA — up to 75% off market value!
San Luis Obispo is located in San Luis Obispo, California, with an estimated municipal population of 47,459 residents. All of the best foreclosed homes for sale in San Luis Obispo are located in the following zip code areas on Foreclosure.com: 93401 93405 93403 93406. The estimated population per square kilometer (.62 miles) in San Luis Obispo is 1,374.
So, about how much do homes cost in San Luis Obispo? The most recent median value of resident-owned homes in San Luis Obispo is 635,735. An estimated 38.8 percent of households in San Luis Obispo own their homes, with an average family size of 2.94. The median household income in San Luis Obispo is 56,071, with28.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in San Luis Obispo, the median commute time of resident workers (in minutes) is 15.7. And last, but certainly not least, are you looking for homes to rent in San Luis Obispo? If so, the average rent price paid by renters in San Luis Obispo is 1,575, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to San Luis Obispo, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in San Luis Obispo is 26.7, split between 51.2 percent male versus 48.8 female. The percentage of residents who report being married in San Luis Obispo is 29.8, with an average family size of 2.94.
The percentage of residents who report their race in San Luis Obispo is as follows:
|Black / African American||2.1%|
|American Indian / Alaskan Native||0.5%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near San Luis Obispo? Or maybe you are searching for 55+ active adult communities in and/or near San Luis Obispo?
The percentage of residents who report their age in San Luis Obispo is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in San Luis Obispo with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in San Luis Obispo.
How do you know that living in -- or moving to -- San Luis Obispo is right where you need to be? Perhaps you grew up in San Luis Obispo or already live nearby; therefore, the decision to buy a home in San Luis Obispo is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to San Luis Obispo for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in San Luis Obispo:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like San Luis Obispo.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in San Luis Obispo can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in San Luis Obispo, meanwhile, can field multiple offers from more qualified buyers.
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