Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Monterey Park area can be challenging. Home prices in Monterey Park are now at a median cost of $688,648, higher than the California average of $648,235.
The average cost of rent is $1,819/mo in Monterey Park, primarily driven by the current value of real estate in the Monterey Park area. While nearly 48.01% of residents own their homes outright in Monterey Park, 45.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monterey Park is $6,446 per month. Households that rent pay about 28.21% of their income on rent here. Monterey Park's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Alhambra, CA: equally priced homes
- Rosemead, CA: less expensive homes
- East Los Angeles, CA: less expensive homes
- Montebello, CA: less expensive homes
- San Gabriel, CA: equally priced homes
- Commerce, CA: less expensive homes
- South Pasadena, CA: higher priced homes
- San Marino, CA: higher priced homes
- South El Monte, CA: less expensive homes
- Pico Rivera, CA: less expensive homes
Cities with Similar Populations
- Arecibo, PR: less expensive homes
- West Allis, WI: less expensive homes
- Weslaco, TX: less expensive homes
- Vineland, NJ: less expensive homes
- Titusville, FL: less expensive homes
- The Hammocks, FL: less expensive homes
- Taylorsville, UT: less expensive homes
- Stuart, FL: less expensive homes
- Medina, OH: less expensive homes
- Kirkland, WA: higher priced homes
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