Home values, rents and more in Morro Bay, CA
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open Morro Bay in ProMap- Under $850k
- $850k–$910k
- $910k–$990k
- $990k–$1.1M
- $1.1M+
- No data
How Morro Bay compares
The typical home in Morro Bay, CA is worth about $935,000, according to the Zillow Home Value Index for September 2026. Home values in Morro Bay are 4% above the typical value in the San Luis Obispo metro area ($898,000) and 2.6 times the U.S. typical value ($366,000).
Over the past year, home values in Morro Bay rose 1.4%, compared with +2.0% in the San Luis Obispo metro area and +1.2% nationally.
The median household income is $95,843, against $97,446 in the San Luis Obispo metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 10,692 people live in Morro Bay (American Community Survey 2020–24).
Morro Bay has the 9th-highest typical home value of the 17 cities in the San Luis Obispo metro area and the 235th-highest of 886 in California with Zillow figures.
Part of: San Luis Obispo County, CA · San Luis Obispo metro area · California
More for Morro Bay in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Crime rates
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby cities
ZIP codes in Morro Bay, CA
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.