Rental numbers for San Luis Obispo County, CA
The typical home here runs -$3,783 a month at 7.78% with 25% down. 0 of 10 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 3.9%.
- Gross yield
- 3.8%
- typical home, Zillow
- Median ZIP yield
- 3.9%
- 10 ZIPs with full data
- Cash flow
- -$3,783/mo
- at 7.78%, 25% down
- Typical price
- $898,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,837/mo
- Zillow ZORI, Aug 2026
ZIP codes in San Luis Obispo County
19 with published figures
| 93461Shandon | $515,000 | $2,380* | 5.5% | 2.8% | -$1,577 | n/a |
| 93452San Simeon | $596,000 | $2,200* | 4.4% | 1.9% | -$2,289 | n/a |
| 93446Paso Robles | $765,000 | $2,803 | 4.4% | 1.9% | -$2,897 | +1.9% |
| 93445Oceano | $678,000 | $2,400 | 4.3% | 1.9% | -$2,579 | n/a |
| 93465Templeton | $977,000 | $3,175 | 3.9% | 1.4% | -$4,140 | n/a |
| 93453Creston | $754,000 | $2,440* | 3.9% | 1.4% | -$3,214 | n/a |
| 93433Grover Beach | $774,000 | $2,500* | 3.9% | 1.5% | -$3,187 | n/a |
| 93449Pismo Beach | $1,096,000 | $3,539 | 3.9% | 1.5% | -$4,522 | n/a |
| 93442Morro Bay | $933,000 | $2,999 | 3.9% | 1.5% | -$3,853 | +11.5% |
| 93402Los Osos | $868,000 | $2,786 | 3.9% | 1.4% | -$3,697 | n/a |
| 93405San Luis Obispo | $1,084,000 | $3,316 | 3.7% | 1.4% | -$4,537 | +4.1% |
| 93422Atascadero | $782,000 | $2,386 | 3.7% | 1.2% | -$3,425 | +2.9% |
| 93420Arroyo Grande | $1,040,000 | $2,940 | 3.4% | 1.1% | -$4,615 | n/a |
| 93444Nipomo | $940,000 | $2,630* | 3.4% | 1.0% | -$4,266 | n/a |
| 93432Creston | $963,000 | $2,590* | 3.2% | 0.8% | -$4,538 | n/a |
| 93401San Luis Obispo | $1,087,000 | $2,829 | 3.1% | 0.9% | -$5,049 | +0.9% |
| 93428Cambria | $1,007,000 | $2,430* | 2.9% | 0.6% | -$4,887 | n/a |
| 93424Avila Beach | $1,500,000 | $2,760* | 2.2% | -0.1% | -$8,139 | n/a |
| 93430Cayucos | $1,319,000 | $2,200* | 2.0% | 0.1% | -$7,055 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.8%
- Rent, 12 months
- +1.9%
- Rent minus price growth
- +0.1 pts
- Property tax
- 0.68%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $729,978 | $2,154 |
| Aug 2022 | $836,593 | $2,420 |
| Aug 2023 | $842,931 | $2,545 |
| Aug 2024 | $873,821 | $2,655 |
| Aug 2025 | $881,783 | $2,784 |
| Aug 2026 | $897,783 | $2,837 |
HUD Fair Market Rent
FY2027, San Luis Obispo-Paso Robles, CA MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,894 | $2,079 | $2,720 | $3,634 | $4,208 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 7.9
- 865 units, last 12 months
- National percentile
- 63th
- among US counties
Tools
Test a listing in San Luis Obispo County against today's rate.
Open the calculatorPart of the San Luis Obispo, CA metro.
Questions
- Is San Luis Obispo County good for rental property?
- The typical home here runs -$3,783 a month at 7.78% with 25% down. 0 of 10 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 3.9%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in San Luis Obispo County?
- About 0.68% of value, from Census ACS median taxes paid over median home value. On a $898,000 home that is about $6,132 a year.
- What is Fair Market Rent in San Luis Obispo County?
- HUD's FY2027 Fair Market Rent here is $2,079 for a 1-bedroom, $2,720 for a 2-bedroom and $3,634 for a 3-bedroom. Typical cash flow at today's rate is -$3,783 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.