Real Estate Investing in Atascadero, California (93422)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93422 (Atascadero, CA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 27.5 — hard to cash-flow at these prices.
What’s happening in Atascadero, CA (93422)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 93422 Atascadero
ZIP 93422 inside San Luis Obispo County looks affordable on the surface — median value of $789K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 93422 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Put differently, 93422 offers a low basis, the region around Atascadero has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 93422 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 93422 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Atascadero:
Property Strategy for 93422
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $433,282 | $1,820 | 3.0% | +4.6% | $433,282 |
| 2BR | $558,353 | $2,390 | 3.1% | +5.8% | $279,176 |
| 3BR | $771,719 | $3,210 | 3.0% | +7.0% | $257,240 |
| 4BR | $982,622 | $3,670 | 2.7% | +8.0% | $245,655 |
| 5BR | $1,226,081 | — | — | +8.6% | $245,216 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 93422 Compare?
| Metric | 93422 | Atascadero | San Luis Obispo-Paso Robles, CA | California |
|---|---|---|---|---|
| Home Value | $788,954 | $788,954 | N/A | $761,003 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 5.7% |
| Avg Rent | $2,388 | $2,388 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 93422 (Atascadero, CA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 93422 (Atascadero, CA)?
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Property managers serving San Luis Obispo County
Manage rentals here? List your business →Academe Real Estate & Property Management is led by Fred Dotterrer in Atascadero, CA. summary from their website
California Property Services offers property management services. summary from their website
Nipomo Property Management offers property management services, listings, market analysis, and resources for buyers, sellers, and homeowners. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $788,954 |
| Monthly Rent | $2,388 |
| Price-to-Rent | 27.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | -1.0% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 93422
Population: 33,512
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 93422
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 7,829 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the best play in Atascadero, CA?
For Atascadero, CA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Atascadero, CA suited for a house hack?
For house hackers, Atascadero, CA is a challenging. The $2,388/mo rent on a unit helps defray the mortgage on a $789K property.
How much do tenants pay in Atascadero, CA?
Rent in Atascadero, CA is around $2,388/mo. The resulting rent-to-value relationship with $789K pricing is reasonable for most investor models.
What price range are homes in Atascadero, CA?
The median home value in Atascadero, CA is roughly $789K. That puts it reasonable relative to the CA statewide average.
Should investors worry about vacancy in Atascadero, CA?
Atascadero, CA sees elevated vacancy, which is reasonable relative to the broader CA rental market.
You know 93422 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 93422 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 93422 ranks in San Luis Obispo-Paso Robles, CA
Every ZIP in this metro, ranked. Free.
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