Morro Bay, CA Real Estate

According to census data in the year 2000 there were 6,286 housing units in Morro Bay. This represents a 10.4% growth from 5,694 in 1990.

Of those housing units, 6,286 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Morro Bay is about 55.5%. Morro Bay's vacancy rate, including seasonal lodging, is about 20.4%. Average household size is 2.02 people.

The majority of houses, apartments or condos in Morro Bay were built after 1970.


Housing Size

Housing Units by Size
Studio Type5.70%
One Bedroom22.20%
Two Bedrooms39%
Three Bedrooms28%
Four Bedrooms4.90%
Five Bedrooms or more0.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size1.95
Median year structure was built1973
Median Value of occupied units$245,500
Median Price asked for vacant units$331,800

Rented Homes, Apartments and Condos

Average Household Size2.11
Median year structure was built1965
Median Monthly Rent asked for vacant units$788

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage5.50%
Home Equity Loan6.60%
Simple Mortgage44.20%
Debt Free43.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs22.3%