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These days, finding an affordable place to live in the Montecito Heights area can be challenging. Home prices in Montecito Heights are now at a median cost of $781,058, lower than the Los Angeles average of $909,324.
The average cost of rent is $1,560/mo in Montecito Heights, primarily driven by the current value of real estate in the Montecito Heights area. In Montecito Heights, 66.67% of households rent, and 50.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montecito Heights is $5,729 per month. Households that rent pay about 27.23% of their income on rent here. Montecito Heights’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Lincoln Heights, Los Angeles, CA: less expensive homes
- Mount Washington, Los Angeles, CA: higher priced homes
- Cypress Park, Los Angeles, CA: higher priced homes
- El Sereno, Los Angeles, CA: equally priced homes
- Chinatown, Los Angeles, CA: equally priced homes
- Echo Park, Los Angeles, CA: higher priced homes
- Central City East, Los Angeles, CA: equally priced homes
- Civic Center Little Tokyo, Los Angeles, CA: less expensive homes
- Highland Park, Los Angeles, CA: higher priced homes
- Boyle Heights, Los Angeles, CA: less expensive homes
Neighborhoods with Similar Populations
- Bayview, San Francisco, CA: higher priced homes
- South Gate, Glen Burnie, MD: less expensive homes
- Serra Mesa, San Diego, CA: higher priced homes
- Rosedale, Queens, NY: less expensive homes
- Riverdale, Bronx, NY: less expensive homes
- Nevada-Lidgerwood, Spokane, WA: less expensive homes
- Near West Side, Chicago, IL: less expensive homes
- Murray Hill, Manhattan, NY: higher priced homes
- Montebello, Denver, CO: less expensive homes
- Millard, Omaha, NE: less expensive homes
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