Nipomo, CA—93444
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nipomo, CA
As of Oct '25, the median home price in Nipomo, CA is $929,000, with a year-over-year change of 3.6%. This indicates that home prices in Nipomo, 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 | $929,000 | 3.6% |
| Single Family | $951,000 | 4.2% |
| Condos | $543,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $965,000 | 2.4% |
3 Bed | $836,000 | 3.7% |
4 Bed | $1,041,000 | 5.6% |
| 5 Bed | $1,313,000 | 6.2% |
% of Housing Stock
Rental Trends — Nipomo, CA
As of July '25, Rentcast reports the average rent in Nipomo, CA is $3,420, with a year-over-year rent change of 4.9%. Per bedroom, the median rent as of July '25 in Nipomo, CA is 1-bedrooms: $1,000, 2-bedrooms: $2,620, 3-bedrooms: $3,610, 4-bedrooms: $3,970. The most common rental property sizes in Nipomo, CA are 3-bedroom and 2-bedroom, accounting for 51.2% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,420 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,000 |
| 2 Bed Rent | $2,400 | $2,620 |
| 3 Bed Rent | $3,200 | $3,610 |
| 4 Bed Rent | $4,200 | $3,970 |
% of Rental Stock
Property Listings — Nipomo, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Nipomo, CA is 55. 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,340,000 | 18.0% |
Listing Count | 64 | -7.0% |
| Listings as % of Homes | 0.4% | -7.0% |
Days on Market | 55 | 22.0% |
Demographics — Nipomo, CA
As of the latest ACS Survey released in 2023, Nipomo, CA has a population of 21,500, which has increased by 3.5% over the past 5 years. Nipomo, CA is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 34.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,500 | 3.5% |
% Under 18 | 20.7% | 1.5% |
% Seniors | 25.2% | 16.1% |
% WFH | 10.1% | 77.2% |
% w/ College Degree | 34.3% | 19.1% |
As of the latest ACS Survey released in 2023, Nipomo, CA is a predominantly white area, with 48.0% of the population identifying as white. The white population has shrunk by 16.7% in the last 5 years. The second most common race or ethnicity in Nipomo, CA is hispanic, making up 44.1% of the population. Foreign-born residents account for 13.9% of the population in Nipomo, CA, and this percentage has decreased by 13.7% 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 | 48.0% | -16.7% |
% Black | 1.3% | 0.0% |
% Hispanic | 44.1% | 21.2% |
% Asian | 3.2% | -3.0% |
% Foreign Born | 13.9% | -13.7% |
Mortgage and Risk — Nipomo, CA
According to HUD data as of 2023, there were 257 mortgage originations in Nipomo, CA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Nipomo, CA. Investor activity is low, as 1.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 257 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Nipomo, CA
As of 2024, the percent of homes in Nipomo, CA under the Section 8 program is 8.5%. 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 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Nipomo, CA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 165 |
Total Units Section 8 | 165 |
% Rentals under Section 8 | 8.5% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $940 | $1,000 | $1,940 |
| 2 Bedroom | $140 | $2,400 | $2,540 |
| 3 Bedroom | $190 | $3,200 | $3,390 |
| 4 Bedroom | -$360 | $4,200 | $3,840 |
Affordability — Nipomo, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.8 |
| Median Home Price | $929,000 |
| Median Household Income | $106,000 |