Paso Robles, CA—93446
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Paso Robles, CA
As of Oct '25, the median home price in Paso Robles, CA is $760,000, with a year-over-year change of 1.3%. This indicates that home prices in Paso Robles, CA are increasing. 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 | $760,000 | 1.3% |
| Single Family | $768,000 | 1.3% |
| Condos | $435,000 | 3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $420,000 | -0.9% |
2 Bed | $506,000 | 0.4% |
3 Bed | $728,000 | 1.0% |
4 Bed | $920,000 | 1.8% |
| 5 Bed | $1,239,000 | 2.8% |
% of Housing Stock
Rental Trends — Paso Robles, CA
As of July '25, Rentcast reports the average rent in Paso Robles, CA is $2,840, with a year-over-year rent change of 6.0%. Per bedroom, the median rent as of July '25 in Paso Robles, CA is 1-bedrooms: $1,850, 2-bedrooms: $2,510, 3-bedrooms: $3,120, 4-bedrooms: $3,630. The most common rental property sizes in Paso Robles, CA are 2-bedroom and 3-bedroom, accounting for 40.1% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,450 | $1,850 |
| 2 Bed Rent | $2,500 | $2,510 |
| 3 Bed Rent | $3,200 | $3,120 |
| 4 Bed Rent | $3,400 | $3,630 |
% of Rental Stock
Property Listings — Paso Robles, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Paso Robles, CA is 89. This is a increase of 22.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $899,000 | -1.0% |
Listing Count | 184 | 27.0% |
| Listings as % of Homes | 0.4% | 27.0% |
Days on Market | 89 | 22.0% |
Demographics — Paso Robles, CA
As of the latest ACS Survey released in 2023, Paso Robles, CA has a population of 45,900, which has increased by 2.5% over the past 5 years. Paso Robles, CA is a moderately popular place for families, as children make up 23.3% of the population. The area has a moderately educated workforce, with 30.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,900 | 2.5% |
% Under 18 | 23.3% | 8.9% |
% Seniors | 20.9% | 19.4% |
% WFH | 12.1% | 120.0% |
% w/ College Degree | 30.0% | 21.0% |
As of the latest ACS Survey released in 2023, Paso Robles, CA is a predominantly white area, with 60.6% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Paso Robles, CA is hispanic, making up 30.3% of the population. Foreign-born residents account for 12.9% of the population in Paso Robles, CA, and this percentage has decreased by 11.0% 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 | 60.6% | -5.2% |
% Black | 0.5% | -54.5% |
% Hispanic | 30.3% | -4.4% |
% Asian | 2.9% | 163.6% |
% Foreign Born | 12.9% | -11.0% |
Mortgage and Risk — Paso Robles, CA
According to HUD data as of 2023, there were 697 mortgage originations in Paso Robles, CA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Paso Robles, CA. Investor activity is low, as 3.0% 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 | 697 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Paso Robles, CA
As of 2024, the percent of homes in Paso Robles, CA under the Section 8 program is 10.2%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Paso Robles, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 607 |
Total Units Section 8 | 579 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 87.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,450 | $1,770 |
| 2 Bedroom | -$180 | $2,500 | $2,320 |
| 3 Bedroom | -$100 | $3,200 | $3,100 |
| 4 Bedroom | $110 | $3,400 | $3,510 |
Affordability — Paso Robles, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $760,000 |
| Median Household Income | $94,500 |