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The median home value in Morro Bay, CA is $954,595 as of 2026-07-31, up 0.43% from a year earlier.
Median Home Value
$954,595
Year-over-Year
+0.43%
Population
10,532
Morro Bay ranks #131 of 396 California cities tracked here by median home value, and sits 24.7% above the state's city median of $765,555. It sits in San Luis Obispo County, where the county-wide median is $906,846.
Median household income in Morro Bay is $95,843, so the typical home value is about 10.0× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
Morro Bay police recorded a violent crime rate of 294 per 100,000 residents in 2024 — around the middle of the range for reporting cities. Property crime runs at 788 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Morro Bay, that value is $954,595. That's up 0.43% from a year earlier. It is about 24.7% above the typical California city tracked here.
Homes in Morro Bay are more expensive than San Luis Obispo County as a whole, where the median is $906,846 — a difference of about 5.3%.
Median household income here is $95,843, so the typical home value is about 10.0× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
Morro Bay police reported 294 violent crimes per 100,000 residents, covering a population of about 10,532. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.
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