Morro Bay First-Time Homebuyer Report for October

The population of Morro Bay is shrinking slower than the rest of California, at a 10-year growth rate of -3.9%. It's a larger than average city compared to the rest of the state, with 10,234 residents. With a median age of 36 years, homes in Morro Bay tend to be relatively old. Heading the list of top schools in the city is Morro Bay High School.

Price Range

Homes in Morro Bay are generally more expensive than others in the state with a median home value of $391,300 and an average list price of $633,069.

Make sure you take a look at these eye-catching homes in Morro Bay that generated the most views from potential buyers:

$406K   $979K   $1.2M  

Typical Dwelling

The typical dwelling in Morro Bay is a three-bedroom detached home worth about $748,766. To purchase a similar home, a buyer with good credit and a $149,753 cash down payment could obtain a mortgage with a 3.95% interest rate and a $2,582 monthly payment. The property tax rate is $7.63 per $1,000 of taxable assessed value.

Get started right now by checking out Morro Bay homes for sale or reviewing Morro Bay real estate trends.


Data reported through 10/13/2016

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First Team Real Estate
Snapped 1 home in this area
Flintridge Realty
Snapped 1 home in this area

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