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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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 a population of 31,544, 12,005 total housing units (homes and apartments), and a median house value of $877,311, 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 71.57% of the city's housing units. Other types of housing that are prevalent in Paso Robles include large apartment complexes or high rise apartments ( 12.81%), duplexes, homes converted to apartments or other small apartment buildings ( 7.95%), and a few row houses and other attached homes ( 6.53%).

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 60.78% owning and 39.22% 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 ( 29.15%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.69%). There's also some housing in Paso Robles built before 1939 ( 4.01%).

Paso Robles Home Appreciation Rates

Appreciation rates for homes in Paso Robles have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.52%, which ranks in the top 30% nationwide. This equates to an annual average Paso Robles house appreciation rate of 7.52%.

NeighborhoodScout's data show that during the latest twelve months, Paso Robles's appreciation rate, at 5.18%, has been at or slightly above the national average. In the latest quarter, Paso Robles's appreciation rate has been 2.49%, which annualizes to a rate of 10.34%.

Importantly, this makes Paso Robles one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Paso Robles's latest annual appreciation rate is higher than 90% 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

$877,311

Paso Robles, CA Home Prices
> $1,331,000
$998,001 - $1,331,000
$666,001 - $998,000
$532,001 - $666,000
$399,001 - $532,000
$266,001 - $399,000
$133,001 - $266,000
$67,001 - $133,000
$0 - $67,000
6.4%
6.4%
19.8%
19.8%
46.7%
46.7%
12.4%
12.4%
10.1%
10.1%
2.5%
2.5%
0.3%
0.3%
0.9%
0.9%
0.9%
0.9%
0% 100.0%
% of Homes
High

for California

Very High

for nation

Number of Homes And Apartments:

12,005

Paso Robles Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,748 / per month

Homeownership Rate

Owners
Renters
60.8%
60.8%
39.2%
39.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.6%
6.6%
93.4%
93.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
29.1%
29.1%
51.2%
51.2%
15.7%
15.7%
4.0%
4.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.6%
71.6%
6.5%
6.5%
7.9%
7.9%
12.8%
12.8%
1.1%
1.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.4%
2.4%
7.6%
7.6%
26.6%
26.6%
45.3%
45.3%
16.9%
16.9%
1.3%
1.3%
0% 100.0%
% of Homes

Popular Communities Near Paso Robles, CA

Zip Codes in Paso Robles, CA