Similar to its nearby areas, it is a lot more expensive compared to the US as a whole. However compared to the city of Santa Barbara, it's significantly less expensive.
Home prices
San Luis Obispo's median home value is $643,200. Compared to its nearby areas this is about $31,520 (4%) lower.In comparison to the nation as a whole it is about $425,700 (195%) higher, and compared to the city of Santa Barbara it is about $408,300 (38%) lower.
Rents
The median rent in San Luis Obispo is $1,575 per month. It is roughly $123 (8%) higher in comparison to nearby areas.Compared to the country as a whole it is roughly $513 (48%) higher, and in comparison to the city of Santa Barbara it is about $211 (11%) lower.
Nearby places
Avila Beach
Avila Beach is approximately 5 miles southwest from San Luis Obispo. Housing prices there are significantly more expensive. Avila Beach's median home price is $1,034,500, which works out to $391,300 (37%) higher than San Luis Obispo. Its rents are similar. The median rent in Avila Beach is $1,507 a month, which works out to $68 (4%) lower than San Luis Obispo.
Los Osos
Los Osos is about 8 miles west of San Luis Obispo. Housing prices there are a bit less expensive. The median home in Los Osos costs $551,500, which is $91,700 (16%) lower than San Luis Obispo. The rent there is similar. The median monthly rent in Los Osos is $1,520, which works out to $55 (3%) lower than San Luis Obispo.
Pismo Beach
Pismo Beach is about 8 miles south from San Luis Obispo. Its real estate prices are a bit more expensive. The median home in Pismo Beach is valued at $768,600, which comes out to $125,400 (16%) higher than San Luis Obispo. Rent there is somewhat more expensive. The median monthly rent in Pismo Beach is $1,774, which works out to $199 (11%) higher than San Luis Obispo.
Santa Margarita
Santa Margarita is about 9 miles north from San Luis Obispo. Real estate prices there are a little less expensive. The price of the median home in Santa Margarita is $525,300, which works out to $117,900 (22%) lower than San Luis Obispo. The rent there is a lot less expensive. Santa Margarita's median rent is $978 a month, which comes out to $597 (61%) lower than San Luis Obispo.
Grover Beach
Grover Beach is roughly 10 miles south from San Luis Obispo. Real estate prices there are a bit less expensive. The median home in Grover Beach costs $493,700, which comes out to $149,500 (30%) lower than San Luis Obispo. Rents there are somewhat less expensive. The median monthly rent in Grover Beach is $1,481, which comes out to $94 (6%) lower than San Luis Obispo.
