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Sarah Mitchell
Compass Real Estate · ZIP 93420
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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93420 ZIP Code Housing Market
$1.08Mmedian sale price
What is the 93420 housing market like right now?
The median home sale price in ZIP code 93420 is $1.08M, down 4.0% year-over-year. Homes sell in an average of 27 days with 58 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 93420 ZIP code a buyer's or seller's market?
ZIP code 93420 is currently a balanced market and homes selling in about 27 days. How we determine this →
What are the latest 93420 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $1.08M |
| Median list price | $1.32M |
| Year-over-year price change | -4.0% |
| Average days on market | 27 days |
| Active inventory | 58 listings |
| Sale-to-list price ratio | 98.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 93420 zip code, located in Arroyo Grande, CA, is currently classified as a balanced market. The median sale price stands at $1.08M, representing a -4.0% change year over year. Homes in this area spend an average of 27 days on the market before going under contract. There are currently 58 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 93420 sits in the Arroyo Grande, CA area, roughly 7.1 miles from downtown Arroyo Grande. Because home prices are set street by street, this ZIP can move differently from Arroyo Grande's citywide averages. The figures below reflect 93420 specifically — drawn from Redfin transactions, U.S. Census data for its 31,345 residents, and Zillow value estimates.
Homes sold
68
Last 12 weeks
Days on market
27
Average pace
Active listings
58
Sale-to-list
98.7%
Below asking
Market trends
What is driving the 93420 housing market?
The 93420 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 98.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 93420 have declined -4.0% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 93420 stands at $1.05M, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $3,114 per month. This gives a price-to-rent ratio of approximately 28.1, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 93420?
Population
31,345
Median income
$110,553/yr
Median age
48.2 years
Owner-occupied
66.4%
College grads
44.1%
Avg commute
20.94 min
What is it like living in 93420?
Zip code 93420 is home to approximately 31,345 residents. The median household income is $110,553 per year, which shapes the types of homes and amenities available in the area. With a median age of 48.2 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 66.4% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 44.1% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 20.94 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 93420.
Which public schools serve ZIP 93420?
8 schools tracked · 4,651 students
The largest public schools serving ZIP code 93420 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Arroyo Grande High
Grades 9-12 · 1,976 students
Harloe Elementary
Grades K-6 · 605 students
Paulding Middle
Grades 7-8 · 562 students
Ocean View Elementary
Grades K-6 · 527 students
Mesa Middle
Grades 7-8 · 477 students
Branch Elementary
Grades K-6 · 254 students
Pacific View Academy
Grades K-12 · 135 students
Lopez Continuation High
Grades 9-12 · 115 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 93420
What is the median home price in 93420?
The current median sale price in 93420 is $1.08M, based on recent Redfin transaction data. Prices have changed -4.0% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 93420 a buyer's or seller's market?
The 93420 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 93420?
Zip code 93420 has a population of approximately 31,345 residents. The median household income is $110,553 per year. About 66.4% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 93420?
Properties Incorporated provides comprehensive data for 93420 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 93420 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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