Housing in Morro Bay, CA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$773,000
Median List Price
$1,297,500
Price Per Sq Ft
$676
Days on Market
150
Active Inventory
28
Months of Supply
3.1
Seller's market
Zillow Home Value
$926,764
ZHVI — January 2026
Zillow Rent Index
$2,406
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
11.1%
Off Market in 2 Weeks
29.4%
Sale-to-List Ratio
96.5%
Buyer's market
Market Activity
Source: RedfinHomes Sold
9
New Listings
10
Pending Sales
17
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$676
Median List $/SF
$701
Morro Bay vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Morro Bay is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$864,900
Median Rent
$1,820
Total Housing Units
6,271
Vacancy Rate
20.4%
Owner Occupied
60.5%
Renter Occupied
39.5%
Median Property Tax
$5,415
per year
Monthly Cost (w/ Mortgage)
$1,869
Housing Types
The current median sale price in Morro Bay, CA is $773,000 according to Redfin data. Homes spend a median of 150 days on the market. 11.1% of homes sold above asking price. The market has 3.1 months of supply. The median price per square foot is $676. Zillow's observed rent index is $2,406/month. About 60.5% of housing units are owner-occupied. The median year homes were built is 1974. There are 6,271 total housing units.