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San Luis Obispo city, CA

ZIP 93405 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 93405

Median Home Value
$897,800
Median Rent
$1,896
Affordability Snapshot
$247,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,767/mo PITI).

43%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

17.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

39.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 93405 in San Luis Obispo city, CA, a household would need roughly $247,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,767. That is about 371% above the local median household income ($52,481), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
32.7%-50% vs US avg
x
Vacancy Rate
11.7%+13% vs US avg
x
Broadband Access
92.1%+6% vs US avg
x
4+ Bedrooms
4.8%-68% vs US avg
x
Built Pre-1939
3.3%-74% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
61.6%+24% vs US avg
x
Mortgage-Free
40.5%+6% vs US avg
x
$897,800
Home Value
$1,896
Rent
1976
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached46.2%
  • 1-unit attached7.3%
  • 2-9 units22.4%
  • 10+ units20.8%
  • Mobile home & other3.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$897,800
Median rent$1,896
Owner-occupied32.7%
Vacant11.7%
Price-to-income17.1x
Est. income to buy$247,000