According to statistics, the population in Morro Bay, CA amounts to 10,568, which shows decline 0% compared to the previous year. The median age of the city’s residents is 49. The average household income is $61,690, shifting growth 16% from the past year, and the average property value in Morro Bay, CA growth 8% to $535,300 throughout the year.
|Number Of Employees||4,643|
|Median Property Value||$535,300|
The average household income in Morro Bay, CA grew from $53,348 to $61,690 in the past year. This data is an estimate based upon 4,846 households in Morro Bay, CA . The chart below presents how household income is distributed in Morro Bay, CA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Morro Bay, CA shifted from $495,900 to $535,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Morro Bay, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Morro Bay, CA properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Morro Bay, CA compared to median property taxes around the country. The prevalent amount of property taxes in Morro Bay, CA equals $3000, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$656,250||N/A|
|1 bed for sale||$234,900||N/A|
|2 bed for sale||$757,333||+11.1%|
|3 bed for sale||$1,225,088||+8.9%|
|4+ bed for sale||$997,000||-39.2%|
During Jul 2022, the average price for an apartment in/near Morro Bay, CA increased by 9.1% to $988,335.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $234,900 with no changes this month. Asking price for 2-bed apartment also increased by 11.1% and a place of this size will now cost you $757,333. A 3-bed apartment goes for $1,225,088, it increased by 8.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 39.2% and made it down to $997,000.
|Listing Type||Jul||vs Last Month|
|Townhouses for sale||$1,800,000||N/A|
|Apartments for sale||$275,000||N/A|
|Houses for sale||$1,050,130||+4.9%|
|Condos for sale||$787,500||+17.3%|
While assessing the property pricing Morro Bay, CA, you can note that it remains flat with a price tag of $275,000. Price reports demonstrate that house price increased by 4.9% this month making it up to $1,050,130. Condos are really in demand in this season. The median price for a condo increased by 17.3%, it’s now available for $787,500. Value of the townhouses didn’t change, the price still starts at $1,800,000.