Rental numbers for the San Luis Obispo, CA metro
The typical home here runs -$3,778 a month at 7.78% with 25% down. 0 of 10 ZIP codes with full Zillow data in this metro 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
- -$3,778/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 the metro
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 | $730,020 | $2,154 |
| Aug 2022 | $836,591 | $2,420 |
| Aug 2023 | $842,956 | $2,545 |
| Aug 2024 | $873,807 | $2,655 |
| Aug 2025 | $881,773 | $2,784 |
| Aug 2026 | $897,760 | $2,837 |
Counties
- San Luis Obispo County, CA3.9% median yield
Tools
Test a listing in the San Luis Obispo, CA area against today's rate.
Open the calculatorQuestions
- Is the San Luis Obispo, CA metro good for rental property?
- The typical home here runs -$3,778 a month at 7.78% with 25% down. 0 of 10 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 3.9%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the San Luis Obispo, CA metro have the highest rental yield?
- 93446 (Paso Robles) at 4.4%, 93445 (Oceano) at 4.3%, 93465 (Templeton) at 3.9%, on Zillow value and rent. The full table above sorts by any column.
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.
- 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.
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.