ZIP Code Market Report
93405 — San Luis Obispo, CA
Data through February 2026 · Updated monthly
Avg Home Value
$1,064,494
▲ 3.4% year-over-year
Month-over-Month
-0.4%
▼ 0.4%
Single Family
$1,124,864
Condo / Co-op
$662,271
The average home value in the 93405 ZIP code (San Luis Obispo, California) is $1,064,494 as of February 2026. Home prices are rising, up 3.4% compared to last year.
A 3-bedroom home in 93405 is valued at $1,049,971. Single-family homes average $1,124,864, while condos average $662,271.
The market in 93405 has a $688,387 spread between bottom-tier homes at $813,401 and top-tier homes at $1,501,788. 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 93405 ZIP code will decrease 0.4% over the next 12 months, bringing the projected average to approximately $1,060,236. 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 93405 (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
93405 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 | $1,071,160 | $1,068,314 | $1,064,494 | ▼ 0.6% |
| Single Family Value | $1,119,295 | $1,123,215 | $1,124,864 | ▲ 0.5% |
Home Values
93405 Home Value Trend
Historical home values for ZIP code 93405. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 93405
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $777,607 |
| 3 Bedrooms | $1,049,971 |
| 4 Bedrooms | $1,250,027 |
Property Types
Home Values by Property Type in 93405
How different property types compare in this ZIP code.
All Homes
$1,064,494
Single Family
$1,124,864
Condo / Co-op
$662,271
Bottom Tier
$813,401
Top Tier
$1,501,788
Forecast
12-Month Home Value Forecast for 93405
Zillow projects home values in 93405 will decrease 0.4% over the next year, reaching approximately $1,060,236.
Current Value
$1,064,494
Projected Change
-0.4%
▼ 0.4%
Projected Value
$1,060,236
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 93405 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