Paso Robles, California.
Typical home $770,504 (+1.9% in a year), asking rent $2,763 (+3.9%). San Luis Obispo-Paso Robles, CA metro.
to buy the typical home at today's mortgage rate — +$2,142 (+113%) since Jan 2020.
- 1 year
- Up $14,298 +2%
- $756,207$770,504 since Sep 2025
- 5 years
- Up $137,307 +22%
- $633,197$770,504 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.
- Paso Robles$4,044
- California$3,997
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 18 years.
Typical home values in Paso Robles, CA rose 1.9% over the past year — faster than the nation's +1.2%.
Asking rents in Paso Robles, CA rose 3.9% over the past year — faster than the nation's +2.7%.
Owning the typical home in Paso Robles runs $2,545/mo more than renting one. The gap peaked at $2,755 in Oct 2023.
That is $5,308 a month against $2,763 rent: a $4,044 mortgage payment, plus $439 property tax and $825 insurance & upkeep.
Owning vs renting — Paso Robles
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$5,308
- Renting$2,763
- Mortgage only$4,044
Property tax · $439/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 · $825/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.
Living in Paso Robles, San Luis Obispo County, California
Paso Robles is a city of 31,490 people in San Luis Obispo County. Half its households earn more than $92,228 a year and half less, against $97,446 across San Luis Obispo County; 13% of its people live below the poverty line. 61% of its homes are lived in by their owners and 39% are rented. Unemployment in Paso Robles was 5.0% in August 2026, and San Luis Obispo County had 0.3% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Paso Robles sits in San Luis Obispo County on California's central coast, where most homes are lived in by their owners more than across the county's renters. The town has cool winters and hot summers, with little or no snow and a modest amount of rain through the year. Home values and rents are a real consideration for anyone thinking of moving here.
Work. Unemployment across the county has eased over the past year, though the number of jobs has dipped slightly. Many residents work in schools, hospitals and social care, or in restaurants, hotels and entertainment, with professional services and retail also large employers. A sizeable share of adults hold a four-year degree, commutes are fairly short, and only a small share work from home.
Things to do. Hearst Castle, a protected area a longer drive away, is one of the best known sights in the region. Closer by is Mission San Miguel Arcángel, a museum a short drive from town.
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- 11,979households
- 30%of adults have a degree
- 13%below the poverty line
- 26 mintypical commute
- 11%work from home
What residents work in
Employed residents by industry, from the Census survey. San Luis Obispo County had 121,634 jobs in 2025, 0.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 61° and lows near 33°; warmest in August, with highs near 92° and lows near 53°. About 15 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Paso Robles weather station, 3 miles away (NOAA).
Largest workplaces in Paso Robles
- Pearce ServicesElectric contracting2,648
- Firestone Walker Inc. -- Paso RoblesBreweries419
- WalmartDiscount department stores277
- Paso Robles Tank (Field)Reservoir construction259
- TargetDiscount department stores189
- AlbertsonsSupermarkets and other grocery stores175
- Trelleborg Sealing Solutions USManufacturer of medical devices158
- Applied Technologies CenterChristmas tree assemblies, oil and gas field-type, manufacturing142
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 31 workplaces with 20 or more staff, 5,406 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- EarthquakesRelatively high
- Inland floodingRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Paso Robles’ census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on San Luis Obispo County and the San Luis Obispo-Paso Robles, CA metro.
Paso Robles home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Paso Robles$770,504
- California$761,538
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Paso Robles listings, and the typical home goes pending in 28 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Paso Robles28.29%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Paso Robles28
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Paso Robles202
New listings per month
Sellers arriving at the market.
- Paso Robles53
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Paso Robles$771,703
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Paso Robles99.14%
Zip codes with a Paso Robles address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Paso Robles — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.