ZIP Code · CA

ZIP 93442

Part of Morro Bay, CA

Pop. 11,571·San Luis Obispo County·341st most expensive ZIP in California

Median rent (all units)

$2,999/mo

Year-over-Year

+12.2%

Month-over-Month

+1.8%

vs US Median

+$1,067

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 93442 · $2,999

More expensive than 90% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,670

1 BR

$1,840

2 BR

$2,420

3 BR

$3,250

4 BR+

$3,720

Research median

$2,420/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: September 25, 2026

From the history

What the numbers show

Past year vs. the rest of California

Rent in ZIP 93442 changed +12.2% over the year to August 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($95,623) is $2,391 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,840); a 2-bedroom is $2,420.

Cheaper nearby

ZIP 93422, 7 miles away, rents for 18% less ($2,445/mo), about $6,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 93442. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$35,988/yr

At $2,999/mo median

Location

CityMorro Bay

StateCA

CountySan Luis Obispo County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 12.2% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+12.2% YoY, +1.8% MoM), not inventory.

Demographics

Who lives here

ZIP 93442 (Morro Bay, CA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 46.8% of residents hold a bachelor's degree or higher.

Population

11,571

Median income

$95,623

Median age

54.5

Renters

34.1%

Age distribution

12.1%

16.7%

21.6%

16.9%

32.6%

Under 1812.1%

18–3416.7%

35–5421.6%

55–6416.9%

65+32.6%

Gender

50.1%

49.9%

Male50.1%

Female49.9%

Race & ethnicity

80.7%

13.5%

White80.7%

Hispanic13.5%

Asian2.7%

Other2.8%

Education (25+)

13.1%

35.4%

46.8%

No HS diploma4.7%

HS diploma13.1%

Some college35.4%

Bachelor's+46.8%

Housing tenure

65.9%

34.1%

Owner65.9%

Renter34.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 93442 in Morro Bay, CA has changed in 5 years

Income

$79,918 → $95,623

up 19.7%

Population

11,250 → 11,571

up 2.9%

Renter share

42.8% → 34.1%

-8.7 pts

Bachelor's+

42.1% → 46.8%

+4.7 pts

Median age

51.5 → 54.5

+3.0 yrs

On the earnings side, the typical household in ZIP 93442 in Morro Bay, CA now reports about $95,623, up from $79,918 in 2021. Census counts show ZIP 93442 in Morro Bay, CA adding about 321 residents over the five-year window, up 2.9% on net. The renter share has eased from 42.8% to 34.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 42.1% to 46.8% across the same window.

Community

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Local insights

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About renting in ZIP 93442

Last updated: September 25, 2026

ZIP code 93442 covers Morro Bay, CA. The median rent here is $2,999/mo as of September 2026. A 1-bedroom rents for a median of $1,840/mo. A 2-bedroom rents for a median of $2,420/mo.

At 38% of local median household income ($95,623/yr), ZIP 93442 ranks as moderate compared to the national benchmark of 30%. Rents have increased 12.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 93442?

To keep rent at or below 30% of gross income, you would need to earn at least $120,000/year (about $58/hour full-time) to afford the median rent of $2,999/mo in ZIP 93442. The local median household income is $95,623/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 93442?

Rent in ZIP 93442 has risen 12.2% over the past year.

How does ZIP 93442 compare to other ZIPs in California?

ZIP 93442 is in the middle among California ZIP codes for rent, ranking #341 of 906 at $2,999/mo. Over the year to August 2026, rent in ZIP 93442 changed +12.2%, against a typical +3.0% across the 819 California ZIP codes Zillow tracks.