Montebello, CA—90640
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Montebello, CA
As of Oct '25, the median home price in Montebello, CA is $802,000, with a year-over-year change of 0.7%. This indicates that home prices in Montebello, CA are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $802,000 | 0.7% |
| Single Family | $822,000 | 0.2% |
| Condos | $518,000 | -2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $475,000 | -0.2% |
2 Bed | $665,000 | 0.8% |
3 Bed | $791,000 | -0.3% |
4 Bed | $944,000 | 1.4% |
| 5 Bed | $1,057,000 | 1.1% |
% of Housing Stock
Rental Trends — Montebello, CA
As of July '25, Rentcast reports the average rent in Montebello, CA is $2,810, with a year-over-year rent change of 4.5%. Per bedroom, the median rent as of July '25 in Montebello, CA is studios: $1,750, 1-bedrooms: $1,930, 2-bedrooms: $2,530, 3-bedrooms: $3,720, 4-bedrooms: $4,690. The most common rental property sizes in Montebello, CA are 2-bedroom and 1-bedroom, accounting for 51.0% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,810 |
| Studio Rent | $1,900 | $1,750 |
| 1 Bed Rent | $1,900 | $1,930 |
| 2 Bed Rent | $2,400 | $2,530 |
| 3 Bed Rent | $3,600 | $3,720 |
| 4 Bed Rent | $4,500 | $4,690 |
% of Rental Stock
Property Listings — Montebello, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Montebello, CA is 37. This is a increase of 14.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $831,000 | 3.0% |
Listing Count | 78 | 14.0% |
| Listings as % of Homes | 0.3% | 14.0% |
Days on Market | 37 | 14.0% |
Demographics — Montebello, CA
As of the latest ACS Survey released in 2023, Montebello, CA has a population of 61,600, which has decreased by -2.5% over the past 5 years. Montebello, CA is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 22.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 61,600 | -2.5% |
% Under 18 | 20.5% | -9.3% |
% Seniors | 17.4% | 16.0% |
% WFH | 9.2% | 178.8% |
% w/ College Degree | 22.0% | 14.6% |
As of the latest ACS Survey released in 2023, Montebello, CA is a predominantly hispanic area, with 78.8% of the population identifying as hispanic. The hispanic population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Montebello, CA is asian, making up 13.7% of the population. Foreign-born residents account for 36.5% of the population in Montebello, CA, and this percentage has decreased by 1.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 6.3% | -12.5% |
% Black | 0.6% | -53.8% |
% Hispanic | 78.8% | 1.0% |
% Asian | 13.7% | 2.2% |
% Foreign Born | 36.5% | -1.9% |
Mortgage and Risk — Montebello, CA
According to HUD data as of 2023, there were 378 mortgage originations in Montebello, CA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Montebello, CA. Investor activity is low, as 3.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 378 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Montebello, CA
As of 2024, the percent of homes in Montebello, CA under the Section 8 program is 9.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Montebello, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 994 |
Total Units Section 8 | 994 |
% Rentals under Section 8 | 9.5% |
% Occupied Section 8 | 90.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,900 | $1,860 |
| 2 Bedroom | -$60 | $2,400 | $2,340 |
| 3 Bedroom | -$630 | $3,600 | $2,970 |
| 4 Bedroom | -$1,200 | $4,500 | $3,300 |
Affordability — Montebello, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.9 |
| Median Home Price | $802,000 |
| Median Household Income | $74,800 |