Fastest-Appreciating ZIP Codes in San Luis Obispo-Paso Robles, CA (2026)

Ranked by 5-year compound annual growth in home values. Fast growth and strong cash flow rarely appear in the same ZIP — this is the other side of that trade.

# ZIP City Home value Rent Cap rate 5-yr growth
1 93405 San Luis Obispo, CA $1,100,384 $3,361 2.38% 5.8%
2 93444 Nipomo, CA $946,912 $3,238 2.67% 5.6%
3 93401 San Luis Obispo, CA $1,096,478 $2,853 2.03% 5.5%
4 93420 Arroyo Grande, CA $1,048,149 $3,139 2.34% 4.8%
5 93465 Templeton, CA $990,642 $3,317 2.61% 4.7%
6 93445 Oceano, CA $683,365 $2,700 3.08% 4.7%
7 93433 Grover Beach, CA $783,233 $2,749 2.74% 4.6%
8 93422 Atascadero, CA $788,954 $2,388 2.36% 4.5%
9 93446 Paso Robles, CA $774,223 $2,779 2.80% 4.4%
10 93402 Los Osos, CA $874,143 $2,875 2.57% 4.2%
11 93449 Pismo Beach, CA $1,099,306 $3,529 2.50% 4.2%
12 93428 Cambria, CA $1,014,546 $2,187 1.68% 4.1%
13 93461 Shandon, CA $518,425 $2,142 3.22% 3.9%
14 93452 San Simeon, CA $602,321 $1,980 2.56% 3.7%
15 93430 Cayucos, CA $1,344,258 $1,980 1.15% 3.6%
16 93442 Morro Bay, CA $953,775 $3,166 2.59% 2.9%
17 93453 Creston, CA $760,723 $2,196 2.25% 2.8%
18 93432 Creston, CA $986,580 $2,331 1.84% 1.9%

Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →