93442
Morro Bay, California.
Morro Bay, San Luis Obispo County, CA · San Luis Obispo-Paso Robles, CA metro · population 11,571
to buy the typical home at today's mortgage rate — +$2,361 (+93%) since Jan 2020.
- 1 year
- Up $12,778 +1%
- $921,737$934,515 since Sep 2025
- 5 years
- Up $99,231 +12%
- $835,284$934,515 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 93442$4,905
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 31 years.
Typical home values in zip 93442 rose 1.4% over the past year — in step with the nation.
Asking rents in zip 93442 rose 11.5% over the past year — faster than the nation's +2.7%.
Owning the typical home in zip 93442 runs $3,329/mo more than renting one. The gap peaked at $3,834 in Jan 2025.
That is $6,328 a month against $2,998 rent: a $4,798 mortgage payment, plus $531 property tax and $999 insurance & upkeep.
Owning vs renting — zip 93442
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$6,328
- Renting$2,998
- Mortgage only$4,798
Property tax · $531/mo 0.68% of value a year — the ACS 2020-2024 median bill over the median home value for San Luis Obispo County, CA
Insurance & upkeep · $999/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Zillow also publishes an index for the city itself: Morro Bay, CA — measured over the city limits, which is a different area from this zip.
Asking rent — 93442
Against the San Luis Obispo-Paso Robles, CA metro and the national benchmark.
- 93442$2,998
- San Luis Obispo$2,777
- United States$1,930
Typical home value — 93442
Mid-tier homes, smoothed and seasonally adjusted.
- 93442$934,515
- San Luis Obispo$897,657
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 7.8 | 93402 | Los Osos | 14,197 | $2,869 | $866,705 |
| 7.8 | 93422 | Atascadero | 33,002 | $2,445 | $784,527 |
| 8.4 | 93405 | San Luis Obispo | 25,002 | $3,395 | $1,080,749 |
| 9.3 | 93430 | Cayucos | 3,125 | — | $1,315,507 |
| 10.6 | 93465 | Templeton | 11,039 | $3,175 | $975,683 |
| 13.8 | 93424 | Avila Beach | 962 | — | $1,540,140 |
| 15.5 | 93401 | San Luis Obispo | 29,202 | $2,828 | $1,081,644 |
| 18.2 | 93428 | Cambria | 6,399 | — | $998,243 |
| 18.5 | 93446 | Paso Robles | 45,554 | $2,763 | $766,924 |
| 18.9 | 93449 | Pismo Beach | 8,014 | $3,242 | $1,097,211 |
| 19.5 | 93432 | Creston | 1,142 | — | $971,640 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.