Land and home values in Morro Bay, CA
Morro Bay is a city in San Luis Obispo County, California, home to about 10,692 people. Residential land runs about $53.20 per sq ft, the typical home is worth about $975,000, and a 2-bedroom rents for about $2,450 a month, as of October 12, 2026.
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| Land: residential | $53.20 | per sq ft |
| Land: residential | $2.32M | per acre |
| Land: quarter-acre lot | $579,348 | 10,890 sq ft |
| Home: typical (median) | $975,000 | value |
| Home: entry-level | $743,000 | lower quartile |
| Home: upper-end | $1.23M | upper quartile |
| Build new | $177 | per sq ft, no land |
| Rent: 1-bedroom | $1,850 | per month |
| Rent: 2-bedroom | $2,450 | per month |
| Rent: 3-bedroom | $3,270 | per month |
| Rent: 4-bedroom | $3,740 | per month |
| Gross yield, 2-bed | 3.0% | a year |
Questions people ask
How much is land worth in Morro Bay, CA?
Residential land in Morro Bay, CA is about $53.20 per square foot, or $2.32M an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $579,348. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Morro Bay, CA?
The typical (median) home in Morro Bay, CA is worth about $975,000, with entry-level homes around $743,000 and upper-end homes around $1.23M, as of October 2026.
How much is rent in Morro Bay, CA?
A 2-bedroom rents for about $2,450 a month in Morro Bay, CA, a 1-bedroom about $1,850 and a 3-bedroom about $3,270 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.