Paso Robles, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Paso Robles, CA Housing Market Trends

With 32,153 people, 12,123 houses or apartments, and a median cost of homes of $498,139, real estate costs in Paso Robles are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Paso Robles, accounting for 67.06% of the city's housing units. Other types of housing that are prevalent in Paso Robles include duplexes, homes converted to apartments or other small apartment buildings ( 11.87%), large apartment complexes or high rise apartments ( 11.86%), and a few row houses and other attached homes ( 6.33%).

The most prevalent building size and type in Paso Robles are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.03% owning and 42.97% renting.

There is a lot of housing in Paso Robles built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Paso Robles built between 2000 and later ( 26.68%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.59%). There's also some housing in Paso Robles built before 1939 ( 3.31%).

Paso Robles Home Appreciation Rates

In the last 10 years, Paso Robles has experienced some of the highest home appreciation rates of any community in the nation. Paso Robles real estate appreciated 80.84% over the last ten years, which is an average annual home appreciation rate of 6.10%, putting Paso Robles in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Paso Robles definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Paso Robles appreciation rates have trailed the rest of the nation. In the last twelve months, Paso Robles's appreciation rate has been 6.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Paso Robles were at 2.84%, which equates to an annual appreciation rate of 11.86%.

Relative to California, our data show that Paso Robles's latest annual appreciation rate is lower than 70% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Paso Robles differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Paso Robles - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Paso Robles real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$498,139

Paso Robles, CA HOME PRICES

> $1,200,000
1.3%
1.3%
$900,001 - $1,200,000
2.6%
2.6%
$600,001 - $900,000
34.1%
34.1%
$480,001 - $600,000
23.7%
23.7%
$360,001 - $480,000
22.8%
22.8%
$240,001 - $360,000
8.2%
8.2%
$120,001 - $240,000
3.8%
3.8%
$60,001 - $120,000
0.5%
0.5%
$0 - $60,000
2.9%
2.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CA

Value Relative To Nation

Number Of Homes And Apartments:
12,123

Paso Robles Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
129.51% 3.94%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,131 / per month

Homeownership Rate

Owners
57.0%
57.0%
Renters
43.0%
43.0%
Vacant
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
26.7%
26.7%
1970 - 1999
52.4%
52.4%
1940 - 1969
17.6%
17.6%
1939 or Older
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.1%
67.1%
Townhomes
6.3%
6.3%
Small Apt. Buildings
11.9%
11.9%
Apt. Complexes
11.9%
11.9%
Mobile Homes
2.7%
2.7%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.0%
2.0%
1 Bedroom
7.1%
7.1%
2 Bedrooms
30.5%
30.5%
3 Bedrooms
43.4%
43.4%
4 Bedrooms
15.7%
15.7%
5 or more bedrooms
1.3%
1.3%
0.0% 100.0%
% OF HOMES

Popular Communities Near Paso Robles, CA

Zip Codes in Paso Robles, CA