
San Luis Obispo Coastal REALTORS
REALTOR Association
Morro Bay, CA
- Waterfront & Lake Homes

1 local real estate professional in Morro Bay, plus 8 more from nearby towns
Photo: View of the Morro Bay Rock, from the Black Hill trail copy by Raleigh Littles, CC BY-SA 4.0 via Wikimedia Commons
One real estate professional is listed in Morro Bay, California. Morro Bay has about 10,639 residents in San Luis Obispo County and is part of the San Luis Obispo-Paso Robles, CA metro area. The typical home is valued at about $934,301 (Zillow, August 2026); over twelve months that value rose 1.1%. The closest towns with listed professionals are Cayucos (5.8 mi, 1), San Luis Obispo (12 mi, 2), and Pismo Beach (19 mi, 1).

Real Estate Brokerage
Cayucos, CA 5.8 mi

Real Estate Brokerage
San Luis Obispo, CA 12 mi

Real Estate Team
San Luis Obispo, CA 12 mi

Real Estate Team
Pismo Beach, CA 19 mi

Real Estate Brokerage
Paso Robles, CA 20 mi

Real Estate Brokerage
Arroyo Grande, CA 23 mi

Real Estate Team
Arroyo Grande, CA 23 mi

Real Estate Brokerage
Lompoc, CA 55 mi
As of August 2026, Zillow’s home value index puts a typical Morro Bay home at roughly $934,301. Over twelve months the typical value rose 1.1%, against a +0.4% change for California as a whole. Zoom out to five years and values are +13.0%. Morro Bay sits 22% above the California typical value of $764,158. Typical asking rent is about $2,998 a month (+11.5% in a year).
Values: Zillow Home Value Index and Observed Rent Index, August 2026.
| State | California (CA) |
|---|---|
| County | San Luis Obispo County |
| Metro area | San Luis Obispo-Paso Robles, CA |
| Population (approx.) | 10,639 |
| Elevation | 69 ft |
| Time zone | Pacific Time |
| Realtors listed | 1 |
| Typical home value | $934,301 |
| 1-year change | +1.1% |
| Typical rent | $2,998/mo |
| License regulator | California Department of Real Estate |
| Local time | Wednesday, October 14 · 9:46 AM |
Typical rent is $2,998 a month, while principal and interest alone on the typical home would be about $5,315 (10% down, 6.5%). The gross rent yield is only 3.9%.