Oceano, CA—93445
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oceano, CA
As of Oct '25, the median home price in Oceano, CA is $663,000, with a year-over-year change of -0.7%. This indicates that home prices in Oceano, CA are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $663,000 | -0.7% |
| Single Family | $707,000 | -0.4% |
| Condos | $469,000 | -1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $514,000 | -0.8% |
3 Bed | $717,000 | 0.3% |
4 Bed | $828,000 | -0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oceano, CA
As of July '25, Rentcast reports the average rent in Oceano, CA is $2,260, with a year-over-year rent change of -8.5%. Per bedroom, the median rent as of July '25 in Oceano, CA is 1-bedrooms: $1,710, 2-bedrooms: $1,900, 3-bedrooms: $4,100. The most common rental property sizes in Oceano, CA are 2-bedroom and 1-bedroom, accounting for 42.2% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,710 |
| 2 Bed Rent | $1,900 | $1,900 |
| 3 Bed Rent | $3,800 | $4,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Oceano, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Oceano, CA is 79. This is a increase of 64.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $889,000 | 34.0% |
Listing Count | 23 | 44.0% |
| Listings as % of Homes | 0.6% | 44.0% |
Days on Market | 79 | 64.0% |
Demographics — Oceano, CA
As of the latest ACS Survey released in 2023, Oceano, CA has a population of 6,810, which has decreased by -7.7% over the past 5 years. Oceano, CA is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 17.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,810 | -7.7% |
% Under 18 | 21.3% | -7.4% |
% Seniors | 26.2% | 48.9% |
% WFH | 11.9% | ∞% |
% w/ College Degree | 17.9% | 11.9% |
As of the latest ACS Survey released in 2023, Oceano, CA is a predominantly white area, with 50.7% of the population identifying as white. The white population has grown by 14.7% in the last 5 years. The second most common race or ethnicity in Oceano, CA is hispanic, making up 43.6% of the population. Foreign-born residents account for 17.1% of the population in Oceano, CA, and this percentage has decreased by 20.1% 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 | 50.7% | 14.7% |
% Black | 1.1% | ∞% |
% Hispanic | 43.6% | -4.8% |
% Asian | 0.9% | -87.0% |
% Foreign Born | 17.1% | -20.1% |
Mortgage and Risk — Oceano, CA
According to HUD data as of 2023, there were 67 mortgage originations in Oceano, CA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Oceano, CA. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 67 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Oceano, CA
Oceano, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 87 |
Total Units Section 8 | 87 |
% Rentals under Section 8 | 7.5% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,600 | $1,560 |
| 2 Bedroom | $150 | $1,900 | $2,050 |
| 3 Bedroom | -$1,050 | $3,800 | $2,750 |
| 4 Bedroom | N/A | N/A | $3,120 |
Affordability — Oceano, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.3 |
| Median Home Price | $663,000 |
| Median Household Income | $75,000 |