Author: Sheila Johnson

Inherited US homes usually get a stepped-up basis, resetting cost to fair market value at death instead of the original purchase price.
That means a home worth $450K at inheritance and sold for $460K later may create only ~$10K of gain before selling costs.
With US prices only slightly higher yearly, heirs who sell soon after inheriting often face little added appreciation beyond the stepped-up basis.
Because the reported gain is usually smaller, the sale often avoids sharply higher taxation of retirement benefits and reduces risk of future federal health-premium surcharges.
Before selling, secure a date-of-death appraisal, track selling costs and improvements, and remember longer holding periods can build new taxable gain later.

San Luis Obispo County continues to draw national attention for its beauty and lifestyle, but a recent Q1 2026 property data analysis highlights the affordability challenges we face as locals. Our county ranked as the fourth least affordable place in the country for owning a median-priced home—meaning main ownership costs could consume nearly 90% of the average local wage. For many, that leaves little breathing room in a household budget.

This places San Luis Obispo County among the top five tightest markets nationwide when it comes to ownership costs relative to wages. Interestingly, the report notes that while extreme affordability pressure is seen as a potential downturn risk (since thinner demand could offer less support if rates rise or jobs change), this factor alone doesn't automatically signal the highest overall risk for our area.

As someone who has called the Central Coast home for generations and guides clients at all price points, I see firsthand how market shifts like these impact both longtime residents and newcomers. Navigating affordability here requires both strategy and creativity—whether you're seeking your first home, investing, or preparing a property for sale. My commitment is to help every client find their best path forward, no matter the market climate.

With mortgage rates still hovering close to 7%, affordability remains a real concern for many here on the Central Coast. As someone who has navigated our Paso Robles market through many cycles, I know just how much these numbers impact your options—whether you’re buying, investing, or considering a refinance. Until inflation cools and the Fed signals a new direction, higher borrowing costs and wider mortgage-backed securities spreads may continue to influence our market. For now, it makes sense to plan with current rates in mind and treat any future drop as a welcome bonus rather than a guarantee. My commitment, whether you’re seeking a luxury estate or your very first home, is to help you make informed decisions in every market environment. There’s always potential to unlock—and I’m here to help you recognize it.

Every September, I look forward to curating a list of the most affordable homes available right here in Paso Robles—a tradition that reflects my love for this community and my commitment to making homeownership accessible at every price point. For September 2026, there are 15 homes currently on the market, with prices ranging from $249,900 to $425,000. Each property—such as Listing NS26201398 at $249,900, NS26075001 at $271,500, PI26163614 at $305,000, and several others—offers its own unique character and potential.

While my background is in luxury real estate and professional home staging, I believe that exceptional service and careful guidance should be available to everyone, whether you’re searching for a starter home, an investment, or your next chapter in Paso. My deep local roots and eye for possibility help me see the value in every listing, regardless of price. If you’re interested in learning more about any of these homes, or simply want to talk about your options in Paso Robles, I’m always honored to share what I know and help you find the right fit.

Indigenous Peoples’ Day celebrates, recognizes, and honors the beautiful traditions and cultures of the Indigenous People
We take a stand for and support the indigenous people on this day.
We should also offer our support to those who invest and uplift the indigenous communities.