ZIP Code Market Report
93401 — San Luis Obispo, CA
Data through February 2026 · Updated monthly
Avg Home Value
$1,074,498
▲ 1.7% year-over-year
Month-over-Month
-0.4%
▼ 0.4%
Single Family
$1,180,520
Condo / Co-op
$685,768
The average home value in the 93401 ZIP code (San Luis Obispo, California) is $1,074,498 as of February 2026. Home prices are rising, up 1.7% compared to last year.
A 3-bedroom home in 93401 is valued at $1,112,771. 1-bedroom units start around $581,100. Single-family homes average $1,180,520, while condos average $685,768.
The market in 93401 has a $787,888 spread between bottom-tier homes at $754,635 and top-tier homes at $1,542,523. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 93401 ZIP code will decrease 0.3% over the next 12 months, bringing the projected average to approximately $1,071,275. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the San Luis Obispo County market area in California. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full San Luis Obispo County report.
Free Home Value Estimate
What's your home worth in 93401 (San Luis Obispo)?
Get a free estimate based on recent sales and market data in your neighborhood. See how your home compares.
Free · Takes 30 seconds · Based on real sale data
Market Snapshot
93401 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $1,081,699 | $1,079,061 | $1,074,498 | ▼ 0.7% |
| Single Family Value | $1,178,222 | $1,180,054 | $1,180,520 | ▲ 0.2% |
Home Values
93401 Home Value Trend
Historical home values for ZIP code 93401. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 93401
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $581,100 |
| 2 Bedrooms | $750,579 |
| 3 Bedrooms | $1,112,771 |
| 4 Bedrooms | $1,445,223 |
Property Types
Home Values by Property Type in 93401
How different property types compare in this ZIP code.
All Homes
$1,074,498
Single Family
$1,180,520
Condo / Co-op
$685,768
Bottom Tier
$754,635
Top Tier
$1,542,523
Forecast
12-Month Home Value Forecast for 93401
Zillow projects home values in 93401 will decrease 0.3% over the next year, reaching approximately $1,071,275.
Current Value
$1,074,498
Projected Change
-0.3%
▼ 0.3%
Projected Value
$1,071,275
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 93401 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
Investing in San Luis Obispo?
Run your ARV and MAO instantly with live market data