Arroyo Grande, CA—93420
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Arroyo Grande, CA
As of Oct '25, the median home price in Arroyo Grande, CA is $1,031,000, with a year-over-year change of 0.5%. This indicates that home prices in Arroyo Grande, CA are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,031,000 | 0.5% |
| Single Family | $1,061,000 | 0.5% |
| Condos | $557,000 | -0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $615,000 | 1.3% |
2 Bed | $660,000 | -0.5% |
3 Bed | $971,000 | 0.2% |
4 Bed | $1,367,000 | 1.9% |
| 5 Bed | $1,743,000 | 1.6% |
% of Housing Stock
Rental Trends — Arroyo Grande, CA
As of July '25, Rentcast reports the average rent in Arroyo Grande, CA is $3,200, with a year-over-year rent change of 14.3%. Per bedroom, the median rent as of July '25 in Arroyo Grande, CA is studios: $1,650, 1-bedrooms: $2,100, 2-bedrooms: $2,890, 3-bedrooms: $4,060, 4-bedrooms: $3,920. The most common rental property sizes in Arroyo Grande, CA are 2-bedroom and 3-bedroom, accounting for 33.8% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,950 | $3,200 |
| Studio Rent | $1,500 | $1,650 |
| 1 Bed Rent | $2,100 | $2,100 |
| 2 Bed Rent | $2,850 | $2,890 |
| 3 Bed Rent | $3,800 | $4,060 |
| 4 Bed Rent | $3,600 | $3,920 |
% of Rental Stock
Property Listings — Arroyo Grande, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Arroyo Grande, CA is 62. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,360,000 | 2.0% |
Listing Count | 80 | 11.0% |
| Listings as % of Homes | 0.3% | 11.0% |
Days on Market | 62 | 17.0% |
Demographics — Arroyo Grande, CA
As of the latest ACS Survey released in 2023, Arroyo Grande, CA has a population of 32,000, which has increased by 6.2% over the past 5 years. Arroyo Grande, CA is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 43.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,000 | 6.2% |
% Under 18 | 21.2% | 9.8% |
% Seniors | 26.2% | 12.0% |
% WFH | 13.7% | 57.5% |
% w/ College Degree | 43.7% | 18.4% |
As of the latest ACS Survey released in 2023, Arroyo Grande, CA is a predominantly white area, with 70.8% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Arroyo Grande, CA is hispanic, making up 17.4% of the population. Foreign-born residents account for 6.2% of the population in Arroyo Grande, CA, and this percentage has decreased by 21.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.8% | -4.3% |
% Black | 0.7% | 0.0% |
% Hispanic | 17.4% | 2.4% |
% Asian | 3.4% | -19.0% |
% Foreign Born | 6.2% | -21.5% |
Mortgage and Risk — Arroyo Grande, CA
According to HUD data as of 2023, there were 358 mortgage originations in Arroyo Grande, CA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 40.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Arroyo Grande, CA. Investor activity is low, as 2.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 358 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Arroyo Grande, CA
As of 2024, the percent of homes in Arroyo Grande, CA under the Section 8 program is 7.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Arroyo Grande, CA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 324 |
Total Units Section 8 | 324 |
% Rentals under Section 8 | 7.4% |
% Occupied Section 8 | 90.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $2,100 | $2,000 |
| 2 Bedroom | -$220 | $2,850 | $2,630 |
| 3 Bedroom | -$290 | $3,800 | $3,510 |
| 4 Bedroom | $380 | $3,600 | $3,980 |
Affordability — Arroyo Grande, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.8 |
| Median Home Price | $1,031,000 |
| Median Household Income | $107,000 |