Morro Bay city: Median Home Value Trend
How Morro Bay city's median home value changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$535,300
2023
$864,900
Total change
+$329,600
% change
+61.6%
| Year | Median Home Value | Change |
|---|---|---|
| 2017 | $535,300 | — |
| 2019 | $607,300 | +$72,000 (13.5%) |
| 2020 | $651,400 | +$44,100 (7.3%) |
| 2021 | $708,100 | +$56,700 (8.7%) |
| 2022 | $802,700 | +$94,600 (13.4%) |
| 2023 | $864,900 | +$62,200 (7.7%) |