Housing in Monterey Park, CA is significantly more expensive than the US house median value of $338,100. The median value of a home in Monterey Park is currently $864,800. This reflects an impressive 9.54% appreciation over the past year which surpasses the US 1 year house appreciation rate of 8.27%. With a booming real estate market and attractive housing prices, Monterey Park has become an increasingly desirable place to live in recent years.
The median home cost in Monterey Park is $864,800. Home appreciation the last 10 years has been 130.1%. Home Appreciation in Monterey Park is up 17.2%.
Average Age of Homes
- The median age of Monterey Park real estate is 55 years old
The Rental Market in Monterey Park
- Renters make up 44.3% of the Monterey Park population
- 0.7% of houses and apartments in Monterey Park, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.