The typical owner-occupied home in San Luis Obispo County is worth about $824,700, 12% above the California median of $734,700 and 2.5 times the national median of $332,700. Owners pay a median $5,636 a year in property taxes, about 0.68% of their home's value, close to the California rate of 0.70%. The median household earns $97,446 a year, so the median home costs 8.5 times the median income (7.4 times for California). 62% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
San Luis Obispo County at a glance
| San Luis Obispo County | California | U.S. | |
|---|---|---|---|
| Median home value | $824,700 | $734,700 | $332,700 |
| Median property tax paid per year | $5,636 | $5,124 | $3,119 |
| Property tax as a share of value | 0.68% | 0.70% | 0.94% |
| Median household income | $97,446 | $99,122 | $80,734 |
| Homes lived in by their owners | 62% | 56% | 65% |
| Owner homes with a mortgage | 64% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,887 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 25.8% | 24.8% | 21.0% |
| Median rent | $1,992 | $2,036 | $1,413 |
| Rent as a share of renters' income | 34.1% | 32.8% | 30.6% |
| Median year homes were built | 1983 | 1976 | 1980 |
| Vacant homes | 12.9% | 7.5% | 10.1% |
| Population | 281,555 | 39,287,377 | 334,922,499 |
What a typical home costs per month in San Luis Obispo County
At this week's average 30-year rate of 7.11%, buying the median San Luis Obispo County home of $824,700 with 20% down costs about $5,249 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,756, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $224,966 for the 20%-down payment. That payment is 65% of the median San Luis Obispo County household income of $97,446; at that income and 20% down, the 28% guideline points to a home of about $357,000.
The median rent here is $1,992 a month, so owning the median home costs about $3,257 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $164,940 |
|---|---|
| Loan amount | $659,760 |
| Principal and interest | $4,438 |
| Property taxes (0.68% a year) | $467 |
| Homeowners insurance (our estimate, 0.5% a year) | $344 |
| PMI | $0 |
| Total per month | $5,249 |
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| Down payment | $28,864 |
|---|---|
| Loan amount | $809,763 |
| Principal and interest | $5,447 |
| Property taxes (0.68% a year) | $467 |
| Homeowners insurance (our estimate, 0.5% a year) | $344 |
| FHA mortgage insurance | $497 |
| Total per month | $6,756 |
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Questions about home buying in San Luis Obispo County
What is the median home value in San Luis Obispo County?
About $824,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in San Luis Obispo County?
Homeowners pay a median $5,636 a year, which is about 0.68% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in San Luis Obispo County?
For the median home with 20% down at 7.11%, the payment is about $5,249 a month. Keeping that under 28% of gross income takes about $224,966 a year.
More about San Luis Obispo County
- Mortgage Refinance in San Luis Obispo County
- Debt Relief in San Luis Obispo County
- Home Equity Loans in San Luis Obispo County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data