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San Luis Obispo County, CA

RANK #639 / 996  ·  POP 281,712  ·  CA

PROJECTED GROWTH: +0.3%

San Luis Obispo County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why San Luis Obispo County?

The iconic Morro Rock, a volcanic plug rising from the Pacific, marks a distinctive feature of San Luis Obispo County, situated on California's Central Coast. The county lies roughly halfway between Los Angeles and San Francisco, offering a slower pace of life compared to these major cities. Commuting within the county is facilitated by regional transit options and major highways, with travel between vineyards and beaches possible in under an hour. The region boasts a Mediterranean climate with abundant sunshine, supporting a wide array of outdoor recreation including hiking trails at Montaña de Oro State Park, kayaking in Morro Bay, and exploring numerous beaches like Pismo Beach and Avila Beach.

Life in San Luis Obispo County often appeals to those seeking a balance of natural beauty and community engagement. The area is home to California Polytechnic State University (Cal Poly) and Cuesta College, contributing to a vibrant academic environment and drawing students and professionals. Public schools in the county are highly rated. The economy is diverse, with significant contributions from agriculture, particularly wine production, and a growing tourism sector. Recent economic developments also show investment in sectors such as clean technology and renewable energy, alongside ongoing efforts to support local businesses and address regional planning for housing and transportation.

[02] Market Snapshot

Housing Ratio
10.8x

Overvalued relative to economy

GDP Growth
+4.6%

Well above national median

Home Prices
+1.2%

Below national median

Climate & Terrain
7.9

Favorable climate & terrain

Price/Rent
20x

Above national median (13x)

Housing looks overvalued at 10.8x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

San Luis Obispo County U.S. National

The Numbers

DEMOGRAPHICS
Population
281,712
-0.37% YoY
Median Household Income
$90,158
Median Home Value
$726,700
+1.16% 12mo
Median Rent
$1,800
Average Annual Pay
$61,334
+2.7% YoY
Employment
121,958
+1.3% YoY
Income-to-Home-Value
0.1241
Less affordable than average
Migration Inflow
6.41%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$960,000
Days on Market
57
Moderate pace
Months of Supply
3.5
Balanced market
Sale-to-List Ratio
98.2%
Near asking price
Sold Above List
27.1%
Listings w/ Price Drops
21.8%
Building Permits (2024)
1,104
Single-Family Permits
821

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$3,565M
TOTAL
PROJECT AMOUNT STATUS
Topaz Solar Farm
BHE Renewables (Berkshire Hathaway Energy), First Solar
$2,440M Operating
Vistra Morro Bay Battery Energy Storage System (BESS)
Vistra
$600M Proposed
Offshore Wind Farms (Morro Bay Wind Energy Area)
Atlas Wind (Equinor), Golden State Wind (Ocean Winds), Even Keel Wind (Invenergy)
$425M Planned
Caballero Battery Energy Storage System (BESS)
Alpha Omega Power (AOP), Fengate Asset Management
$100M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +4.6% 80 percentile
Population Growth -0.4% 14 percentile
Income Growth +9.3% 68 percentile
Vacancy Rate 1.4% 24 percentile
Home Price Change +1.2% 48 percentile
Rent Growth +3.1% 53 percentile
Price/Rent 20x 8 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is San Luis Obispo County, CA a good place to move to?

San Luis Obispo County has a Boom Town Index score of 36/100, ranking #639 among 996 U.S. counties. With job growth at +1.3% and a median household income of $90,158, it faces some economic headwinds compared to faster-growing counties.

Is San Luis Obispo County affordable?

The median home value in San Luis Obispo County is $726,700 with median rent at $1,800/month. The income-to-home-value ratio is 0.1241, which is less affordable than the national average.

Is San Luis Obispo County growing or shrinking?

Population growth: -0.4% year-over-year. Job growth: +1.3%. Home values changed +1.2% in the past 12 months.

Are people moving to San Luis Obispo County?

Yes — 6.41% of San Luis Obispo County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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