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Paso Robles, CA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,816
Monthly Cash Flow
-$754
Principal + Equity
$4,605
Annual Total Gain
$46,205
Cash on Cash
-4.75%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$388
Occupancy Rate
48.28%
Monthly Revenue
$4,907
Monthly Cash Flow
$601
Principal + Equity
$4,605
Annual Total Gain
$62,465
Cash on Cash %
3.78%
Net ROI %
Market Health & Growth
Median Income
$93,098
Population
0
LTR Renter %
39.59%
Forecast (1 yr)
1.2%
Appreciation (1 yr)
1.19%
Appreciation (5 yr)
40.88%
Appreciation (10 yr)
84.64%
Job Growth
0%
LTR Rentability
Low
STR Demand
39
STR Rentals
875
Top Public Schools
A-Templeton Independent Study High School
BIndependence High School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Places to Live in California
#533out of 1762 markets
Best Places for Young Professionals in California
#1147out of 1762 markets
Places with the Best Public Schools in California
#274out of 817 markets
B
Public School
C-
Crime And Safety
D-
Housing
B
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Paso Robles, CA.
Before investing in a property for Short Term Rental (STR) in Paso Robles, CA, an investor should be aware of the following regulations:
1. Permit Requirement: In Paso Robles, property owners must obtain a Short Term Rental Permit from the city in order to legally operate a STR. The permit application process typically involves submitting documentation such as proof of insurance, a floor plan of the property, and a signed affidavit of compliance with city regulations.
2. Occupancy Limits: The city of Paso Robles has specific occupancy limits for STRs, which vary depending on the size and zoning of the property. It is important for investors to be aware of these limits and ensure that they are in compliance with them.
3. Noise and Nuisance Regulations: Paso Robles has strict noise and nuisance regulations in place to ensure that STRs do not disrupt the peace and quiet of residential neighborhoods. Investors should be aware of these regulations and take steps to mitigate noise and other potential nuisances.
4. Transient Occupancy Tax (TOT): Property owners who operate STRs in Paso Robles are required to collect and remit Transient Occupancy Tax to the city. This tax is typically a percentage of the rental income and must be paid on a regular basis.
5. Homeowners Association (HOA) Rules: If the property is located within a homeowners association, investors should also be aware of any additional rules and regulations that may apply to STRs. Some HOAs may have restrictions or prohibitions on short term rentals.
6. Insurance Requirements: It is important for investors to ensure that they have the appropriate insurance coverage for their STR property, including liability insurance and coverage for short term rental activities.
By being aware of and complying with these regulations, investors can ensure that their investment in a Short Term Rental property in Paso Robles, CA is successful and sustainable.
Market Trends Over Time
Explore 25 years of market data for Paso Robles, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Paso Robles, CA.
The LTR Genie Score of Paso Robles, CA is 57 and STR Genie Score is 64, indicating a moderate to high attractiveness for both long-term and short-term rental investments. The LTR Rentability being low may be attributed to the stagnant LTR Rent Growth Rate of 0.0%, while the STR Net ROI of 32.76% suggests a higher potential return for short-term rentals. The 1-Year Price Appreciation Forecast of 1.2% indicates a stable market with slight growth potential. The STR Genie Score being higher than the LTR Genie Score could be due to the higher STR Revenue and occupancy rate.
Paso Robles, CA is a charming city known for its vineyards, hot springs, and olive oil production. With a growing tourism industry and a strong sense of community, the market offers potential for both long-term and short-term rental investments.
In conclusion, Paso Robles, CA presents opportunities for both long-term and short-term rental investments. Real estate investors may consider diversifying their portfolio by investing in both rental strategies to maximize returns in this market.