Measured FHFA data · through 2025
Home appreciation in San Luis Obispo, CA
Home prices in the San Luis Obispo-Paso Robles, CA area rose +8.0% a year over the five years ending 2025, by the FHFA all-transactions index, against +7.2% a year for California as a whole. That is 0.8 points a year ahead of the state index.
The pace, three windows
1-year
+2.9%
2025 over 2024. California: +1.9%.
5-year, per year
+8.0%
Compound annual pace, 2020 to 2025. California: +7.2%.
10-year, per year
+6.3%
+84.6% in total since 2015. California: +6.4%.
20 years against California
Among the 409 metros with enough history to measure, that places San Luis Obispo, CA 301st nationally and 11th of the 28 measured metros in California. The last five years ran faster than the decade: +6.3% a year over ten years, +84.6% in total. Within the window shown, the index peaked in 2006, fell 33.7% to its 2011 low, and regained the 2006 level in 2018. The strongest single year in the window was 2022 at +15.7%, and the weakest was 2008 at -10.8%. In 2025 alone the index moved +2.9%, against +1.9% for the state.
Year by year
| 2005 | 100.0 | — | 100.0 |
|---|---|---|---|
| 2006 | 104.7 | +4.7% | 110.2 |
| 2007 | 98.9 | -5.6% | 104.3 |
| 2008 | 88.2 | -10.8% | 83.4 |
| 2009 | 79.1 | -10.3% | 72.2 |
| 2010 | 74.1 | -6.4% | 70.0 |
| 2011 | 69.5 | -6.3% | 66.4 |
| 2012 | 70.3 | +1.3% | 66.6 |
| 2013 | 77.5 | +10.3% | 74.7 |
| 2014 | 85.4 | +10.1% | 83.6 |
| 2015 | 90.7 | +6.2% | 89.5 |
| 2016 | 97.1 | +7.1% | 95.9 |
| 2017 | 102.5 | +5.6% | 102.1 |
| 2018 | 107.7 | +5.0% | 108.8 |
| 2019 | 110.4 | +2.6% | 112.3 |
| 2020 | 114.1 | +3.3% | 117.1 |
| 2021 | 128.3 | +12.5% | 133.5 |
| 2022 | 148.5 | +15.7% | 153.8 |
| 2023 | 155.4 | +4.7% | 155.4 |
| 2024 | 162.7 | +4.7% | 162.7 |
| 2025 | 167.3 | +2.9% | 165.8 |
The 28 measured metros in California
| # | ||||
|---|---|---|---|---|
| 1 | El Centro, CA | +7.4% | +10.0% | +7.8% |
| 2 | Santa Maria-Santa Barbara, CA | +3.0% | +9.3% | +6.6% |
| 3 | San Diego-Chula Vista-Carlsbad, CA | +2.0% | +9.2% | +7.3% |
| 4 | Anaheim-Santa Ana-Irvine, CA (metropolitan division) | +4.1% | +9.1% | +6.7% |
| 5 | Riverside-San Bernardino-Ontario, CA | +2.3% | +9.1% | +7.6% |
| 6 | Visalia, CA | +4.4% | +9.1% | +7.4% |
| 7 | Bakersfield-Delano, CA | +3.4% | +8.9% | +6.7% |
| 8 | Hanford-Corcoran, CA | +4.9% | +8.6% | +7.2% |
| 9 | Fresno, CA | +0.9% | +8.4% | +7.2% |
| 10 | Merced, CA | +1.4% | +8.0% | +7.5% |
| 11 | San Luis Obispo-Paso Robles, CA | +2.9% | +8.0% | +6.3% |
| 12 | Oxnard-Thousand Oaks-Ventura, CA | +3.0% | +7.7% | +6.0% |
| 13 | Los Angeles-Long Beach-Glendale, CA (metropolitan division) | +2.9% | +7.6% | +6.6% |
| 14 | Salinas, CA | +2.5% | +7.6% | +6.9% |
| 15 | Modesto, CA | +2.2% | +7.2% | +7.2% |
| 16 | Stockton-Lodi, CA | +0.4% | +7.0% | +7.0% |
| 17 | Yuba City, CA | +1.0% | +6.6% | +7.2% |
| 18 | Sacramento-Roseville-Folsom, CA | +1.1% | +6.5% | +6.5% |
| 19 | San Jose-Sunnyvale-Santa Clara, CA | +0.5% | +6.1% | +5.1% |
| 20 | Redding, CA | +0.6% | +5.7% | +5.5% |
| 21 | Santa Cruz-Watsonville, CA | +0.4% | +5.4% | +4.9% |
| 22 | Vallejo, CA | +0.2% | +5.4% | +5.9% |
| 23 | Napa, CA | +0.9% | +5.3% | +5.2% |
| 24 | Oakland-Fremont-Berkeley, CA (metropolitan division) | -0.3% | +4.8% | +5.2% |
| 25 | Chico, CA | +1.7% | +4.5% | +6.0% |
| 26 | Santa Rosa-Petaluma, CA | +0.7% | +4.5% | +4.9% |
| 27 | San Rafael, CA (metropolitan division) | +0.4% | +4.4% | +3.6% |
| 28 | San Francisco-San Mateo-Redwood City, CA (metropolitan division) | +0.9% | +3.6% | +3.7% |
Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-09-07. Educational data, not investment advice.
See the California row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.
Frequently asked questions
How fast have home prices risen in San Luis Obispo, CA?
+8.0% a year over the five years ending 2025, and +6.3% a year over ten, by the FHFA all-transactions index for the San Luis Obispo-Paso Robles, CA area. Over ten years that is +84.6% in total. These are measured, nominal changes, not forecasts.
Is San Luis Obispo, CA appreciating faster than California?
Over the five years ending 2025, yes: +8.0% a year for the metro against +7.2% for the state, 0.8 points a year ahead. Over ten years the gap is -0.1 points a year.
Does a metro average tell me what a specific home in San Luis Obispo, CA will do?
No. This page reports the measured index for the whole metro. Neighborhoods and individual homes inside it followed different paths, and a metro average conceals that spread. Use it for context, then evaluate the specific property within its own local market.
Averages end where the decision starts
These are area averages from measured history. Individual homes inside the same area follow meaningfully different paths. Good Investment ranks a specific property within its own market, with context and a confidence flag.