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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.70% |
| One Bedroom | 22.20% |
| Two Bedrooms | 39% |
| Three Bedrooms | 28% |
| Four Bedrooms | 4.90% |
| Five Bedrooms or more | 0.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 1.95 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $245,500 |
| Median Price asked for vacant units | $331,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.11 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $788 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 5.50% |
| Home Equity Loan | 6.60% |
| Simple Mortgage | 44.20% |
| Debt Free | 43.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.3% |
