South El Monte, CA is experiencing a rapid housing market appreciation with the median value of homes at $663,400. This is significantly higher than the US median home value of $338,100 and higher than the US 1 year house appreciation rate of 8.27%. South El Monte, CA has experienced an even greater 1 year house appreciation rate of 9.53%. It is clear that South El Monte has become a desirable area to live in for prospective home buyers as it has not only seen an increase in home values but also in its overall appreciation rate.
The median home cost in South El Monte is $663,400. Home appreciation the last 10 years has been 130.1%. Home Appreciation in South El Monte is up 17.2%.
Average Age of Homes
- The median age of South El Monte real estate is 58 years old
The Rental Market in South El Monte
- Renters make up 49.9% of the South El Monte population
- 0.0% of houses and apartments in South El Monte, 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.