Oceano, CA housing market
The typical Oceano home is worth about $678,000, up 3.2% in a year, 11% below the California typical home. Homes typically sell in 30 days, below asking.
Home values, sales, trends and how Oceano compares with the towns next door — updated as new data is published.
Oceano at a glance
A seller's market
Supply is tight — about 2.8 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Oceano | California |
|---|---|---|
| 2017 | $410,000 | $453,000 |
| 2018 | $440,000 | $501,000 |
| 2019 | $461,000 | $539,000 |
| 2020 | $467,000 | $551,000 |
| 2021 | $503,000 | $607,000 |
| 2022 | $574,000 | $703,000 |
| 2023 | $623,000 | $727,000 |
| 2024 | $657,000 | $758,000 |
| 2025 | $661,000 | $782,000 |
| 2026 | $672,000 | $767,000 |
| August 2026 | $678,000 | $764,000 |
Oceano and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Oceano | $678K | +3.2% | $2,280 | — | $71,598 |
| Arroyo Grande | $1.03M | +0.9% | $2,700 | 15 | $102,553 |
| Grover Beach | $774K | +2% | $2,480 | 31 | $86,458 |
9.5 years of income
The typical Oceano home costs about 9.5 years of the town's median household income, more than across California (7.7 years).
How Oceano ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,280
HUD's Fair Market Rent for a two-bedroom in Oceano is $2,280 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Oceano pay a median of $1,584, so moving in tends to cost more than staying put. A two-bedroom takes about 38% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,570 · 4 bedrooms $3,460
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (93420, 93445; San Luis Obispo-Paso Robles, CA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Oceano
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.