Home Values

Oceano Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$348,300

  • 7.7% 1-year change
  • 4.4% 1-year forecast

The median home value in Oceano is $348,300. Oceano home values have gone up 7.7% over the past year and Zillow predicts they will rise 4.4% within the next year. The median list price per square foot in Oceano is $256, which is lower than the San Luis Obispo Metro average of $307. The median price of homes currently listed in Oceano is $325,000 while the median price of homes that sold is $365,000.

Foreclosures will be a factor impacting home values in the next several years. In Oceano 8.5 homes are foreclosed (per 10,000). This is greater than the San Luis Obispo Metro value of 1.2 and also greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Oceano is 3.8%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Oceano homeowners underwater on their mortgage is 15.0%, which is higher than San Luis Obispo Metro at 8.6%.

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Relative ZHVI
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Oceano Market Overview

Data through Dec 31, 2014
  • $348,300 ZHVI
  • 4.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $325,000 Median listing price
  • No recent data Median sale price
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Oceano Market Health

Data through Dec 31, 2014
  • 9.0/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 15.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

8.5 homes(Nov 30, 2014) Oceano
1.2 homes San Luis Obispo Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Pismo Beach $705,800
San Luis Obispo $624,100
Arroyo Grande $593,400
Name Median ZHVI
Morro Bay $527,600
Nipomo $467,800
Los Osos $431,200
Name Median ZHVI
Grover Beach $389,800
Santa Maria $308,800
Guadalupe $212,800

Listings & Sales

Data through Dec 31, 2014
  • $256 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 15.4% Listings with price cut
33.3%
Sold below listing
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Oceano Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,711 Oceano
    $2,052 San Luis Obispo Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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