What do you need to make to buy a median priced home in San Luis Obispo County?
In a report put out by the Los Angeles-based California Association of Realtors, only a quarter of the residents in San Luis Obispo can afford a median priced home at $550,000. You would need to make at least $113,000 a year in order to pay the monthly mortgage payments of $2,830 which would include taxes and insurance. Statewide, 32 percent can afford a median-priced home at $496,620.
But....don't get too depressed, our county is far more affordable than San Francisco (where only 13 percent of residents can afford a home), followed by Santa Barbara, San Mateo, Santa Cruz and Marin counties. We offer a quality of life here in SLO, that we feel is far more desirable and affordable in comparison.
Please contact San Luis Obispo Realty and allow us to assist you in finding a home in our popular area that is affordable to you! If you register on our site, you can have homes that are brand new on the market, emailed to you as soon as they are listed. We will keep you updated hourly.
If you want to list your home in this great San Luis Obispo market, let us assist you. Your home will be showcased on our site that is trusted and used by approximately 50,000 visitors a month and is the top rated real estate broker web site on the entire Central Coast.