HomeCaliforniaSan Luis Obispo CountyMorro Bay
Morro Bay, California: commercial real estate data.
Morro Bay is a Census city of 10,692 people across 5.34 square miles of land, in San Luis Obispo County. Median household income is $95,843, 65.4 percent of occupied homes are owned, and the SBA record carries 18 7(a) approvals to borrowers here worth $11.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Morro Bay
What Morro Bay is
- Census place typecity
- Land area5.34 sq mi
- Water area4.99 sq mi
- Population per square mile of land2,003
- County holding the largest share of its areaSan Luis Obispo County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Morro Bay
How many people live in Morro Bay
- Population10,692
- Median age54.3
- Population under 181,280 plus or minus 260
- Share under 1812.0 percent plus or minus 2.4
- Population 65 and over3,489
- Share 65 and over32.6 percent
- Households5,110
- Family households2,945
- Share of households that are families57.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Morro Bay
Income and work in Morro Bay
- Median household income$95,843
- Per capita income$64,740
- Civilian labor force5,109
- Employed4,701
- Unemployed408 plus or minus 291
- Unemployment rate8.0 percent plus or minus 5.6
- Adults 25 and over8,654
- Adults 25 and over with a high school diploma or higher96.4 percent
- Adults 25 and over with a bachelor degree or higher48.5 percent
- Adults 25 and over with a graduate degree23.1 percent plus or minus 6.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Morro Bay
Housing in Morro Bay
- Housing units6,531
- Occupied units5,110
- Vacant units1,421 plus or minus 287
- Vacancy rate21.8 percent
- Owner occupied3,343
- Renter occupied1,767
- Ownership rate65.4 percent
- Median owner-occupied home value$918,200
- Median gross rent, monthly$1,858
- Annual rent as a share of median income23.3 percent
- Single family units5,142
- Share single family78.7 percent
- Units in buildings of two or more834 plus or minus 205
- Share in buildings of two or more12.8 percent plus or minus 3.0
- Mobile homes501 plus or minus 174
- Median year structure built1974
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Morro Bay
How Morro Bay gets to work
- Workers 16 and over who commute3,589
- Commuting under 15 minutes1,332 plus or minus 273
- Share commuting under 15 minutes37.1 percent
- Commuting 30 minutes or more912 plus or minus 242
- Share commuting 30 minutes or more25.4 percent plus or minus 5.6
- Drove alone68.8 percent
- Carpooled6.9 percent plus or minus 3.5
- Public transport0.4 percent plus or minus 0.6
- Walked1.3 percent plus or minus 1.1
- Worked from home21.7 percent plus or minus 6.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Morro Bay
SBA loans in Morro Bay (7(a))
- Approvals18
- Gross approval$11,894,300
- Average approval$660,794
- Median approval$282,750
- Largest approval$3,615,000
- Jobs supported198
- Jobs per approval11.0
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more27.8 percent
- Share to franchises0.0 percent
- Distinct lenders14
- Distinct industries by NAICS15
Counted by borrower city: approvals to borrowers whose address is in Morro Bay, in any county, FY2020 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Morro Bay
SBA loans in Morro Bay (504)
- Approvals14
- Gross approval$14,642,000
- Average approval$1,045,857
- Median approval$701,000
- Largest approval$2,458,000
- Jobs supported56
- Loans with a final outcome2
- Charged off0
- Median term300 months
- Distinct CDCs7
Counted by borrower city: approvals to borrowers whose address is in Morro Bay, in any county, FY2010 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Morro Bay
Flood risk in Morro Bay
- NFIP communityCity of Morro Bay
- NFIP community number060307
- Participating in the NFIPYes
- Community Rating System classClass 7
- Currently effective map date05/16/17
The City of Morro Bay participates in the National Flood Insurance Program as community 060307 and carries Community Rating System class 7, a flood insurance premium discount for policies written there.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
San Luis Obispo County, not Morro Bay
San Luis Obispo County context, not Morro Bay figures
- Establishments in San Luis Obispo County8,962
- Covered employment, San Luis Obispo County121,958
- Average annual pay, San Luis Obispo County$61,334
- Housing units permitted, San Luis Obispo County1,104
Every figure in this section is published for San Luis Obispo County as a whole and is not a measurement of Morro Bay.
All San Luis Obispo County figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Morro Bay questions, answered from the record.
How many people live in Morro Bay, California?
10,692, in 5,110 households. Morro Bay city covers 5.34 square miles of land, which is 2,003 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Morro Bay in?
San Luis Obispo County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Morro Bay?
$95,843. The median owner-occupied home is valued at $918,200. Median gross rent is $1,858 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Morro Bay businesses?
18 7(a) approvals totaling $11.9 m since FY2020, across 14 lenders, median approval $282,750, plus 14 504 approvals worth $14.6 m since FY2010. These count approvals to borrowers whose address is in Morro Bay, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Morro Bay borrowers get paid back?
No rate is published for Morro Bay. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Morro Bay in the National Flood Insurance Program?
Yes. Morro Bay appears in the FEMA Community Status Book as Morro Bay, city of, community 060307, carrying Community Rating System class 7, which is a premium discount for exceeding the program minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Morro Bay figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for San Luis Obispo County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Morro Bay.
Is zoning published for Morro Bay?
No. Nothing on this page presents parcel level zoning.