The median home in Morro Bay, California is valued at $926,764, down 2.0% year over year. Typical monthly rent is $2,406, producing a price-to-rent ratio of 32.1x — well above the national average of 18x. Morro Bay is part of the San Luis Obispo-Paso Robles, CA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.
See the full metro analysis: San Luis Obispo-Paso Robles, CA stress score, crash risk, and 12-month forecast →
Home Value$926,764
-2.0%
Rent$2,406/mo
AFFORDABILITYRenting $2,979/mo cheaper ($2,406 rent)6.50% 30yr, 20% down, county tax + CA ins. 28% per HUD.
Enter your income for Morro Bay.
$185,353 on $926,764
Out of reach — 86.2% of income
Need $230,786/yr to afford.
PITI$5,385
P/I86.2%
Afford$301K
Gap-$626K
P&I $4,686Tax $548Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in California
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Full San Luis Obispo-Paso Robles, CA analysis
Stress scores, crash risk, early warning signals, and 12-month price forecasts for the San Luis Obispo-Paso Robles, CA metro.
View San Luis Obispo-Paso Robles, CA metro →