How much do homeowners pay a month in Morro Bay, CA?
Homeowners with a mortgage in Morro Bay, CA pay a median of $3,015 (±$477) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $834 (±$41).
59.0% of owned homes carry a mortgage.
In Morro Bay, the median monthly cost with a mortgage went from $2,228 in 2015–2019 to $3,015 in 2020–2024 (+35.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $3,015 (±$477)
- Without a mortgage
- $834 (±$41)
- Owned with a mortgage
- 59.0%
Monthly owner costs in Morro Bay
| Morro Bay | San Luis Obispo County | California | United States | |
|---|---|---|---|---|
| With a mortgage | $3,015 (±$477) | $2,887 (±$45) | $2,946 (±$5) | $1,963 |
| Without a mortgage | $834 (±$41) | $849 (±$24) | $829 (±$3) | $638 |
| Owned homes with a mortgage | 59.0% (±5.7 points) | 63.8% (±1.5 points) | 67.4% (±0.1 points) | 60.6% |
| Median real estate taxes (a year) | $5,999 (±$776) | $5,636 (±$132) | $5,124 (±$17) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Morro Bay, the median cost with a mortgage is not measurably different from San Luis Obispo County ($2,887).
It is not measurably different from California ($2,946).
It is higher than the national figure ($1,963).
In San Luis Obispo County, Morro Bay ranks 10 of 22 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 379 of 1,051.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Morro Bay have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $2,228 (±$127) | $3,015 (±$477) | +35.3% | No measurable change after inflation |
| Median real estate taxes | $3,310 (±$380) | $5,999 (±$776) | +81.2% | Up after inflation |
| Median home value | $607,300 (±$26,335) | $918,200 (±$49,208) | +51.2% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Morro Bay
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Morro Bay | — | $3,015 (±$477) | — |
| Los Osos | 4.8 mi | $2,490 (±$195) | Lower |
| Cayucos | 5.2 mi | $3,613 (±$673) | Not measurably different |
| California Polytechnic State University | 12 mi | $2,417 (±$1,344) | Not measurably different |
| Atascadero | 13 mi | $2,823 (±$127) | Not measurably different |
| San Luis Obispo | 13 mi | $3,110 (±$164) | Not measurably different |
| Avila Beach | 14 mi | $4,000 or more | — |
| Santa Margarita | 15 mi | $3,105 (±$617) | Not measurably different |
| Templeton | 16 mi | $3,033 (±$295) | Not measurably different |
Nearby places with a measurably lower figure: Los Osos, CA ($2,490).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across San Luis Obispo County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 4 | Callender | $3,542 (±$1,426) |
| 5 | Los Ranchos | $3,452 (±$1,464) |
| 6 | Pismo Beach | $3,120 (±$458) |
| 7 | San Luis Obispo | $3,110 (±$164) |
| 8 | Santa Margarita | $3,105 (±$617) |
| 9 | Templeton | $3,033 (±$295) |
| 10 | Morro Bay | $3,015 (±$477) |
| 11 | Cambria | $2,905 (±$193) |
| 12 | Atascadero | $2,823 (±$127) |
| 13 | Nipomo | $2,742 (±$203) |
| 14 | Lake Nacimiento | $2,687 (±$305) |
| 15 | El Paso de Robles (Paso Robles) | $2,667 (±$105) |
| 16 | Arroyo Grande | $2,631 (±$133) |
Showing 13 of 22 places in San Luis Obispo County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Morro Bay
What is the average mortgage payment in Morro Bay?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Morro Bay, CA is $3,015 (±$477) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Morro Bay?
Owners without a mortgage in Morro Bay pay a median of $834 (±$41) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Morro Bay gone up?
In Morro Bay, the median monthly cost with a mortgage went from $2,228 in 2015–2019 to $3,015 in 2020–2024 (+35.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Morro Bay city, California
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Morro Bay city, California
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Morro Bay city, California
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Morro Bay city, California
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Morro Bay city, California
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Morro Bay city, California (place:49362, in state:06).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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