San Luis Obispo County Real Estate and Livability Trends
San Luis Obispo County's average taxable income per tax return surged to $104,366.07 in 2021, creating a magnet for investors despite higher local income taxes that reached $18,456.64. Median home values skyrocketed from $445,700 in 2015 to $726,700 in 2022, outpacing both state and national rates, though rising real estate taxes could impact budget planning. Student-to-teacher ratios are... Read more
San Luis Obispo County Market Trends
San Luis Obispo County's median home value has climbed sharply from $445,700 in 2015 to $726,700 in 2022, outpacing California’s statewide increase and far exceeding national growth rates. The surge in residential energy tax credits, peaking at $4,636.16 in 2018, highlights a strong local interest in energy-efficient home upgrades. Meanwhile, real estate taxes nearly doubled between 2012 and... Read more
Median Value of Occupied Housing Units in San Luis Obispo County, California Over the Last 8 Years
The median home value in San Luis Obispo County has surged from $445,700 in 2015 to $726,700 in 2022, reflecting a consistent upward trend. When compared to California's overall median value, which rose from $385,500 to $659,300 over the same period, San Luis Obispo County exhibits an even steeper increase. This trajectory far outpaces the national median value growth, which increased from $125,500 in 2015 to $179,400 in 2022. For investors and homebuilders, San Luis Obispo County’s rapid appreciation suggests a robust demand and strong market potential, although it also implies higher entry costs for buyers.
Residential Energy Tax Credit Per Tax Return in San Luis Obispo County, CA Over the Last 9 Years
San Luis Obispo County, California, has seen a notable rise in the average residential energy tax credit per tax return over the past nine years, peaking at $4,636.16 in 2018. This upward trend underscores a growing commitment to energy-efficient upgrades among homeowners. Notably, the significant increases in tax credits in recent years suggest a robust local market for renewable energy investments. This could be an attractive factor for potential investors or residents interested in sustainable living and long-term energy cost savings.
Average Real Estate Taxes Per Tax Return in San Luis Obispo County, CA Over the Last 10 Years
Real estate taxes in San Luis Obispo County, California have seen a notable increase over the past decade, starting at an average of $4,098.35 in 2012 and rising to $7,326.21 by 2021. This upward trend suggests growing property values or tax rate adjustments, making it essential for potential investors and homeowners to consider the implications for long-term cost planning. This steady rise could indicate a robust property market, reflecting increased desirability and infrastructural development in the region.
Percentage of Farm Returns in San Luis Obispo County, CA Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in San Luis Obispo County, California has been on a gradual decline. Starting at approximately 1.47% in 2012, this figure has slipped to just about 1.20% by 2021. This trend might be indicative of broader shifts in the local agricultural economy or changing land use patterns. For potential investors and newcomers, understanding this decline in farm tax returns could provide valuable insights into the economic health of the county's farming sector and help inform decisions related to property investments and agricultural opportunities.
Number of Mortgages by Occupancy Type in San Luis Obispo County, CA Over the Last 5 Years in San Luis Obispo County
San Luis Obispo County, California has seen some shifts in mortgage trends by occupancy type over the last five years. Principal residences have consistently commanded the lion's share of mortgage counts, peaking in 2020 with over 25,000 loans but declining significantly to under 10,000 by 2022. Investment properties saw a significant spike in 2021 to nearly 2,800 from just around 1,200 in 2019, but fell back down to around 1,000 in 2022. Second residences showed relatively stable numbers but also dropped by 2022. These changes might matter to investors and real estate agents as they hint at varying demand dynamics and risk factors for property types. Lower numbers for principal residences and second homes in recent years might signal shifting economic conditions or preference changes, impacting local market stability.
Economic Outlook
San Luis Obispo County's average taxable income per tax return surged to $104,366.07 in 2021, fostering an appealing economic climate for investors and new residents alike. State and local income taxes also saw a notable hike, reaching $18,456.64, which potential movers should weigh as part of their cost of living considerations. Total tax liability per return increased sharply to $18,929.84, hinting at rising affluence and possibly beefed-up public services and amenities in the community.... Read more
Average Taxable Income per Tax Return in San Luis Obispo County, CA over the last 9 years
San Luis Obispo County has experienced a steady increase in average taxable income per tax return over the past nine years, culminating in a significant boost to $104,366.07 in 2021. This growth suggests a continuously improving economic environment, making the area attractive for investors and potential residents. The upward trend points to thriving local job markets and increasing property values, which could appeal to those looking to build or invest in real estate here.
Average State and Local Income Taxes Per Tax Return in San Luis Obispo County, CA Over the Last 10 Years
Over the past decade, San Luis Obispo County has experienced a significant increase in average state and local income taxes per tax return. Starting at $9,150.09 in 2012, the taxes steadily rose each year, peaking at $18,456.64 in 2021. This upward trend suggests a growing financial burden on residents, possibly reflecting broader economic conditions or policy changes within the state. Potential movers and current residents should consider this trajectory as it could impact their overall cost of living and financial planning.
Average Total Tax Liability Per Tax Return in San Luis Obispo County, CA Over the Last 10 Years
Average total tax liability per tax return in San Luis Obispo County has seen a consistent upward trend over the past decade, jumping from $10,901.48 in 2012 to $18,929.84 in 2021. This significant increase, particularly the sharp rise in the latest year, suggests a growing affluence or higher income levels among residents. For potential investors, property developers, or those considering a move, these numbers indicate a potentially prosperous community with increasing tax contributions reflecting economic growth. For current residents, it's a sign of possible shifts in public services and infrastructure funding, as higher tax revenues can lead to enhancements in local amenities and quality of life.
Cost of Living in San Luis Obispo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,834 | $1,729 | $2,315 | $2,342 | $2,883 |
| 1 adult 4 children | $2,834 | $1,412 | $1,787 | $2,342 | $2,912 |
| 2 adults 3 children | $2,834 | $1,413 | $2,000 | $2,342 | $2,565 |
| 1 adult 3 children | $2,834 | $1,153 | $1,472 | $2,342 | $2,667 |
| 2 adults 2 children | $2,055 | $1,156 | $1,685 | $2,043 | $1,853 |
| 1 adult 2 children | $2,055 | $864 | $1,157 | $2,043 | $1,960 |
| 2 adults 1 child | $2,055 | $914 | $1,370 | $1,074 | $1,371 |
| 1 adult 1 child | $2,055 | $590 | $843 | $1,074 | $1,361 |
| 2 adults | $1,561 | $734 | $1,056 | $0 | $906 |
| 1 adult | $1,394 | $400 | $528 | $0 | $863 |
Safety trends & Data
San Luis Obispo County, California has experienced fluctuating property crime trends in recent years. Burglary and larceny-theft reports decreased noticeably in 2020 but saw a resurgence in 2022. Arson rates also spiked in 2022 following a drop in 2021. Interestingly, counterfeiting and forgery arrests were more common in 2020, possibly reflecting broader economic shifts. These patterns could be a key consideration for investors and homeowners assessing the area's safety and economic... Read more
Property Crime Trends in San Luis Obispo County, CA Over the Last 5 Years
Over the past five years, San Luis Obispo County, California has seen fluctuating property crime trends with notable increases and decreases in various categories. While burglary and larceny-theft reports dipped significantly in 2020, there was a resurgence in 2022. Arson rates also show inconsistency, peaking in 2022 after a notable drop in 2021. Counterfeiting and forgery arrests were higher in 2020, aligning with various economic shifts. These trends may be important for prospective investors, homeowners, and real estate professionals to consider when evaluating safety and economic factors in this region.
Demographics
San Luis Obispo County in California seems to have almost an equal number of males and females, with a slight male majority among adults. The area might not see significant issues concerning gender disparities, which can be pivotal for policy and community planning. The population appears to be well-educated, with a substantial number having some college education or higher degrees. This trend in educational attainment may suggest a workforce capable of filling skilled and professional jobs.... Read more
Race Distribution in San Luis Obispo County, California (2022)
Educational Attainment in San Luis Obispo County, California (2022)
Age Distribution in San Luis Obispo County, California
Citizen Population in San Luis Obispo County, California (2022)
Political Trends & Data
San Luis Obispo County in California leaned towards the Democratic party in the 2020 U.S. Presidential Election, capturing approximately 55% of the votes. Republicans garnered around 42%, while third-party support was minimal. This voting pattern could hint at a preference for established political voices over smaller or newer parties in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
San Luis Obispo County in California showed a leaning towards the Democratic party in the 2020 U.S. Presidential Election, with approximately 55% of the votes. Republicans followed with around 42%, while Libertarians and Green party candidates received significantly smaller portions, possibly indicating limited voter support for third-party options. The "Other" category barely made a dent, which might suggest a strong tendency to align with more established parties.
42.22% of voters voted for the Republican party in the 2020 Presidential Election
55.29% of voters voted for the Democrat party in the 2020 Presidential Election
1.51% of voters voted for the Livertarian party in the 2020 Presidential Election
0.50% of voters voted for the Green party in the 2020 Presidential Election
0.48% of voters voted for the Other party in the 2020 Presidential Election
School Data
San Luis Obispo County, California, is experiencing a gradual decrease in its student-to-teacher ratio, moving from around 22 students per teacher in 2014 to roughly 20 in 2023. Although still higher than the national average of 14, this trend may appeal to potential investors and families prioritizing education, suggesting a commitment to improving educational outcomes. Real estate agents and builders could leverage this data to highlight the benefits of smaller class sizes, potentially... Read more
Student-to-teacher ratio in San Luis Obispo County, California over the last 9 years
San Luis Obispo County, California, has seen a gradual decrease in its student-to-teacher ratio over the past nine years, moving from around 22 students per teacher in 2014 to roughly 20 in 2023. This compares to the national average of 14 students per teacher, still indicating larger class sizes within the county. This trend can influence various stakeholders: potential investors might see value in the county's commitment to improving educational outcomes, which could translate to higher property values over time. Families considering relocation may find the decreasing ratio appealing as it suggests a slowly improving education environment. For real estate agents and builders, promoting smaller class sizes could become a selling point, while appraisers and insurance agents might need to consider how educational trends affect long-term community development and stability.
