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Morro Bay city, CA

ZIP 93442 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 93442

Median Home Value
$870,600
Median Rent
$1,670
Affordability Snapshot
$240,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,593/mo PITI).

22%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

9.4x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

43.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 93442 in Morro Bay city, CA, a household would need roughly $240,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,593. That is about 160% above the local median household income ($92,163), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 20% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
61.0%-7% vs US avg
x
Vacancy Rate
20.0%+95% vs US avg
x
Broadband Access
93.3%+7% vs US avg
x
4+ Bedrooms
1.1%-93% vs US avg
x
Built Pre-1939
7.3%-43% vs US avg
x
Built Post-2014
1.6%-76% vs US avg
x
Rent Burden >30%
19.2%-61% vs US avg
x
Mortgage-Free
43.3%+13% vs US avg
x
$870,600
Home Value
$1,670
Rent
1974
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached71.2%
  • 1-unit attached5.2%
  • 2-9 units12.4%
  • 10+ units2.4%
  • Mobile home & other8.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$870,600
Median rent$1,670
Owner-occupied61.0%
Vacant20.0%
Price-to-income9.4x
Est. income to buy$240,000