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Why Live in Upper Monterey

Upper Monterey sits just down the road from Downtown San Luis Obispo and offers a mix of home styles and a blend of owner-occupied and rental properties. The neighborhood’s western side features single-family homes built between the 1940s and 1970s, including ranch-style and Spanish Revival houses. The south side stands out for its 1920s-era Craftsman bungalows. In the north, duplexes and multifamily homes are more common and are often rented by Cal Poly students. The neighborhood is known for its well-kept lawns, tall palm and cypress trees and compact driveways. Ellsford Park serves as the area’s only public green space and includes a viewing deck overlooking San Luis Obispo Creek. Nearby High School Hill offers a challenging hike with sweeping views, and Santa Rosa Park, about a mile west, features a skate park, roller rink and playground. Local attractions include the historic Motel Inn, 1865 Craft House and Kitchen, Krobar Craft Distillery, Central Coast Brewing and Frank’s Famous Hot Dogs. Upper Monterey is well connected with easy access to U.S. Route 101, trolley and bus service and bike lanes on major roads. Students here are zoned for the highly rated San Luis Coastal Unified School District.

Upper Monterey Home Prices vs. Nearby San Luis Obispo, CA Neighborhoods

Upper Monterey Higuera South Broad Street San Luis Ranch
Median Home Price
$925,000
$1,050,000
$754,500
$830,000
Median Sale Price
$800,000
-28% YoY
$845,000
-16% YoY
$739,000
-14% YoY
$842,500
-12% YoY
Median Single Family Price
$800,000
$845,000
$821,500
$1,025,000
Median Condo Price
--
$910,000
$739,000
$797,888
Total Active Listings
0
2
4
0
Market Conditions
0 Months of Supply
Seller's Market
5 Months of Supply
Balanced Market
3 Months of Supply
Seller's Market
0 Months of Supply
Seller's Market

Frequently Asked Questions

Is Upper Monterey a good place to live?
Upper Monterey is a good place to live. Upper Monterey is considered somewhat walkable and very bikeable with some transit options. Upper Monterey is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. It is somewhat dense in population with 7.0 people per acre and a median age of 28. The average household income is $64,083 which is below the national average. College graduates make up 50.4% of residents. A majority of residents in Upper Monterey are renters, with 82% of residents renting and 18% of residents owning their home. A local real estate agent serving Upper Monterey can help you decide if this neighborhood is the right one for you. Learn more on our Upper Monterey neighborhood guide.
Is Upper Monterey, CA a safe neighborhood?
Upper Monterey, CA is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Upper Monterey?
The median home price in Upper Monterey is $925,000. If you put a 20% down payment of $185,000 and had a 30-year fixed mortgage with an interest rate of 6.66%, your estimated principal and interest payment would be $4,760 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $204K a year to afford the median home price in Upper Monterey. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Upper Monterey is $64K.
What are the best public schools in Upper Monterey?
The best public schools that serve Upper Monterey are:
What are the best private schools in Upper Monterey?
The best private schools that serve Upper Monterey are:
What are the most popular zip codes in Upper Monterey, San Luis Obispo, CA?
The most popular zip codes in Upper Monterey, San Luis Obispo, CA include 93405, 93401, 93422, 93453 and 93424.
What are the most popular neighborhoods near Upper Monterey, San Luis Obispo, CA?
The most popular neighborhoods near Upper Monterey, San Luis Obispo, CA are Downtown San Luis Obispo, Johnson, Arlita, Highland and Higuera.
Are home prices dropping in Upper Monterey?
Yes, home prices in Upper Monterey are down 26% in the last 12 months.
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