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Affordable housing in SLO?

San Luis Obispo Housing Statistics - 2019

Fewer than 14% of homes on the market in San Luis Obispo are affordable for a median income family (Source: National Association of Home Builders). According to reliable sources such as ATTOM Data Solutions and the US Department of Housing and Urban Development; San Luis Obispo County has a population of 272,177, median home price of $589K, unemployment of 2.6%, average annual wage of $44,700, median household income of $59,628, 2019 rental affordability of 60.3% and 2018 home affordability of 107.1%.

Pictured below, see the population and median home prices of Paso Robles, Morro Bay, San Luis Obispo, Grover Beach, Atascadero, Pismo Beach and Arroyo Grande

Graph of area median home prices

Less than 25% of San Luis Obispo County residents can afford a median-priced home.

With all this in mind, our market in San Luis Obispo remains robust. We are seeing more homes for sale, but also very quick absorption of new listings and the market appears to be heating up since the early part of February 2019. The buying season for student rental properties begins NOW, so it is a very good time to list a home. 

Please consider Monique to give you a progressive market plan to list and get top dollar for your home, or contact her to find a home for yourself, investment home property (while your student goes to college), land, lot or commercial property in our very popular central coast area. Our area affordability may be low, but the desire to live here, remains very high!

San Luis Obispo top college town

SLO ranked as "Best College Town"

Not only is San Luis Obispo the “happiest city in America” — at least according to “The Oprah Winfrey Show” when it was still on the air — it’s also now the best town in the nation for students to spend their college years. That’s according to website College Rank, which says it helps prospective students choose a college based on various criteria, including general lifestyle categories and academics.

Author Kara Mayer Robinson researched hundreds of college towns based on factors such as outdoor space, the number of boutiques and cafes, pedestrian friendliness, culture, nightlife and “the general vibe” when creating the list that included communities in 33 states.

When it came to San Luis Obispo, Robinson wrote that the “stress you endured while applying to colleges will instantly melt away.”

“This collegiate town on California’s scenic Central Coast has a contagious kick-back-and-relax vibe,” she wrote. “It’s not just college students who love the SLO life. Many people settle in here because of its culture, entertainment and surroundings.” Search San Luis Obispo Housing HERE!

Other California college towns that made the list include Santa Cruz, which ranked ninth, and Berkeley at 11.

“These top 50 cities offer college youth and energy while also providing a wonderful place to call home for life,” College Rank wrote about the assessment.

Molly Kern, San Luis Obispo Chamber of Commerce’s director of communications and business education, cited San Luis Obispo’s attractive “rolling hillsides, breathtaking ocean views and spectacular beaches” in the article.

Kern said Thursday that it’s great to see the city so highly touted, adding she believes the accolade was chosen from a combination of offerings: culture, arts, athletics, the outdoors, the Cal Poly campus and more.

“Whether you’re a resident, a student or a visitor, San Luis Obispo is not only a place to go to college but the best town with a university to enjoy everything it has to offer,” .

If you are looking to buy a home, apartment complex, condo or rent an apartment or home, please consider contacting Monique. Let your investment in popular San Luis Obispo real estate pay off your student's debt or invest in your own home or retirement home in one of the best places on Earth! Monique is fortunate to have bought and sold real estate in San Luis Obispo County for several decades.

Read more in the Tribune Sept. 2, 2016.

Monique Carlton - REALTOR®

Top San Luis Obispo Real Estate Agency on the Central Coast!
441 Marsh Street
San Luis Obispo, CA 93401
Phone: (805) 471-6921
Email: moniquecarlton@gmail.com
BRE # 00184228

My web sites: www.SellingSanLuis.com 
www.CentralCoastListings.com
Company web site: www.San-Luis-Obispo-Realty.com

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Monique Carlton - REALTOR ® | Better Homes and Gardens Real Estate, Haven Properties | 441 Marsh Street San Luis Obispo, CA 93401 | Your number ONE resource for buying and selling San Luis Obispo Real Estate and Homes on the Central Coast of California!

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