Grover Beach, CA—93433
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grover Beach, CA
As of Oct '25, the median home price in Grover Beach, CA is $763,000, with a year-over-year change of -0.9%. This indicates that home prices in Grover Beach, CA are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $763,000 | -0.9% |
| Single Family | $784,000 | -0.4% |
| Condos | $556,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $524,000 | 0.0% |
2 Bed | $619,000 | 0.2% |
3 Bed | $809,000 | 0.4% |
4 Bed | $960,000 | 0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Grover Beach, CA
As of July '25, Rentcast reports the average rent in Grover Beach, CA is $2,600, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Grover Beach, CA is studios: $1,880, 1-bedrooms: $1,900, 2-bedrooms: $2,530, 3-bedrooms: $3,100, 4-bedrooms: $4,500. The most common rental property sizes in Grover Beach, CA are 2-bedroom and 3-bedroom, accounting for 63.7% and 18.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,600 |
| Studio Rent | $1,600 | $1,880 |
| 1 Bed Rent | $1,800 | $1,900 |
| 2 Bed Rent | $2,450 | $2,530 |
| 3 Bed Rent | $3,100 | $3,100 |
| 4 Bed Rent | $4,500 | $4,500 |
% of Rental Stock
Property Listings — Grover Beach, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Grover Beach, CA is 33. This is a decrease of -16.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $922,000 | 2.0% |
Listing Count | 34 | 17.0% |
| Listings as % of Homes | 0.4% | 17.0% |
Days on Market | 33 | -16.0% |
Demographics — Grover Beach, CA
As of the latest ACS Survey released in 2023, Grover Beach, CA has a population of 12,700, which has decreased by -6.3% over the past 5 years. Grover Beach, CA is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 26.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,700 | -6.3% |
% Under 18 | 20.1% | -21.2% |
% Seniors | 17.8% | 22.8% |
% WFH | 13.3% | 160.8% |
% w/ College Degree | 26.9% | -5.6% |
As of the latest ACS Survey released in 2023, Grover Beach, CA is a predominantly white area, with 55.1% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Grover Beach, CA is hispanic, making up 37.9% of the population. Foreign-born residents account for 12.2% of the population in Grover Beach, CA, and this percentage has increased by 19.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 55.1% | -6.0% |
% Black | 1.0% | -64.3% |
% Hispanic | 37.9% | 20.3% |
% Asian | 2.1% | -50.0% |
% Foreign Born | 12.2% | 19.6% |
Mortgage and Risk — Grover Beach, CA
According to HUD data as of 2023, there were 141 mortgage originations in Grover Beach, CA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Grover Beach, CA. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 141 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Grover Beach, CA
As of 2024, the percent of homes in Grover Beach, CA under the Section 8 program is 6.1%. 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. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Grover Beach, CA, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 132 |
Total Units Section 8 | 132 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,800 | $1,840 |
| 2 Bedroom | -$40 | $2,450 | $2,410 |
| 3 Bedroom | $120 | $3,100 | $3,220 |
| 4 Bedroom | -$850 | $4,500 | $3,650 |
Affordability — Grover Beach, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.6 |
| Median Home Price | $763,000 |
| Median Household Income | $82,500 |