Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 8,044, 4,113 total housing units (homes and apartments), and a median house value of $1,494,496, Pismo Beach house prices are not only among the most expensive in California, Pismo Beach real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Pismo Beach, accounting for 55.97% of the city's housing units. Other types of housing that are prevalent in Pismo Beach include duplexes, homes converted to apartments or other small apartment buildings ( 13.87%), mobile homes or trailers ( 10.80%), and a few row houses and other attached homes ( 10.17%).
The most prevalent building size and type in Pismo Beach are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.54% owning and 35.46% renting.
There is a lot of housing in Pismo Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pismo Beach built between 2000 and later ( 24.49%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.36%). There's also some housing in Pismo Beach built before 1939 ( 3.74%).
Vacant housing appears to be an issue in Pismo Beach. Fully 31.35% of the housing stock is classified as vacant. Left unchecked, vacant Pismo Beach homes and apartments can be a drag on the real estate market, holding Pismo Beach real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Pismo Beach have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.40%, which ranks in the top 40% nationwide. This equates to an annual average Pismo Beach house appreciation rate of 7.15%.
Appreciation rates are so strong in Pismo Beach that despite a nationwide downturn in the housing market, Pismo Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pismo Beach appreciation rates continue to be some of the highest in America, at 14.13%, which is higher than appreciation rates in 96.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pismo Beach. Pismo Beach appreciation rates in the latest quarter were at -0.15%, which equates to an annual appreciation rate of -0.60%.
Notably, Pismo Beach's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Pismo Beach's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$1,494,496
for California
for nation
4,113
$3,361 / per month