Compare San Luis Obispo, CA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in San Luis Obispo.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in San Luis Obispo. Plus, shopping lenders is free and there is no obligation.
October 16, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in San Luis Obispo. Understand how much you need to earn to afford a home in San Luis Obispo, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in San Luis Obispo fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in San Luis Obispo is right for you.
The median home value for San Luis Obispo, CA is $766,441
Based on current mortgage rates and a 10% down payment, you need to make $159,892 per year to buy the median priced home in San Luis Obispo
With this income, you could qualify for a $689,797 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in San Luis Obispo is $3,703
The median household income for San Luis Obispo, CA is $81,792
Based on this income, you can afford a home valued at approximately $392,069
The home price you can afford to buy based on household income in San Luis Obispo is 51% of the median home value which means housing prices are very expensive. San Luis Obispo ranks 52 out of 58 counties in California and 3,125 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in San Luis Obispo, CA is very expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for San Luis Obispo below.
Conforming loan limits for San Luis Obispo, CA
FHA loan limits for San Luis Obispo, CA