San Luis Obispo, CA home prices
Typical home $897,657 · +2.0% in a year · income needed $248,200
The San Luis Obispo, CA metro area ranks 18 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.0% in a year and +22.6% over five years. With 20% down at 7.11%, the typical home costs about $5,791 a month including 0.68% property tax (San Luis Obispo County rate).
Mortgage on the typical San Luis Obispo home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $179,531 | $718,126 | $4,831 | $0 | $960 | $5,791 | $248,200 |
| 10% down | $89,766 | $807,891 | $5,435 | $337 | $960 | $6,731 | $288,500 |
| 5% down | $44,883 | $852,774 | $5,737 | $355 | $960 | $7,052 | $302,200 |
| 3.5% down (FHA) | $31,418 | $881,398 | $5,929 | $397 | $960 | $7,286 | $312,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.68% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the San Luis Obispo area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| San Luis Obispo County, CA | $897,661 | +2.0% | 0.68% |
What can you afford in California on your salary? · California home prices · Salaries in California
Frequently asked questions
How much is a house in San Luis Obispo?
The typical home in the San Luis Obispo, CA metro area is worth $897,657 (Zillow, September 2026).
What salary do you need to buy a house in San Luis Obispo?
About $248,200 a year for the typical home with 20% down at 7.11%.