Morro Bay, CA Real Estate
According to census data in the year 2000 there were 6,286 housing units in Morro Bay.
This represents a 10.4% growth from 5,694 in 1990.
Of those housing units, 6,286 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Morro Bay is about 55.5%.
Morro Bay's vacancy rate, including seasonal lodging, is about 20.4%.
Average household size is 2.02 people.
The majority of houses, apartments or condos in Morro Bay were built after 1970.
|Housing Units by Size|
|Five Bedrooms or more||0.20%|
Owned Homes, Apartments and Condos
|Average Household Size||1.95|
|Median year structure was built||1973|
|Median Value of occupied units||$245,500|
|Median Price asked for vacant units||$331,800|
Rented Homes, Apartments and Condos
|Average Household Size||2.11|
|Median year structure was built||1965|
|Median Monthly Rent asked for vacant units||$788|
Owners Finance Status
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||6.60%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||22.3%|