San Luis Obispo, CA

Population: 45,947
Average annual home appreciation rate: 15.61%
Total of homes for sale in this market:
Median home price: $569,787
Median Rent: $1,370 per room
Home price range: 39.96% of homes are between $525,001 – $787,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 47.34% of homes are single family detached
Number of vacant homes: 5.92%
Number of renters: 62.43%
Number of owner occupied: 37.58%
Number people living below poverty level: 30.51%
Unemployment rate: 6.60%
Is this area perfect for real estate deals going on right now? The overall cost of homes in S.L.O. are higher than most real estate investors are interested in. The interesting thing is this, there are troubled properties on the market that can bring great opportunities for savvy cash buyers (due to their being owned by motivated sellers). High poverty rates in S.L.O. mean more renters, and the renter are much more plentiful than home owners in this market. Rent is very high in this market, and for the savvy buy and hold investor, this could mean a great ROI, not only with the rent, but with the home appreciating almost daily.

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