Monterey Park, CA—91755
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Monterey Park, CA
Home Price Trends — Monterey Park, CA
As of Oct '25, the median home price in Monterey Park, CA is $896,000, with a year-over-year change of -0.1%. This indicates that home prices in Monterey Park, CA are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $896,000 | -0.1% |
| Single Family | $943,000 | -0.4% |
| Condos | $717,000 | -1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $741,000 | 2.8% |
3 Bed | $865,000 | -0.8% |
4 Bed | $1,009,000 | -0.2% |
| 5 Bed | $1,225,000 | 0.3% |
% of Housing Stock
Rental Trends — Monterey Park, CA
As of July '25, Rentcast reports the average rent in Monterey Park, CA is $3,240, with a year-over-year rent change of 17.8%. Per bedroom, the median rent as of July '25 in Monterey Park, CA is 1-bedrooms: $1,970, 2-bedrooms: $2,500, 3-bedrooms: $3,470, 4-bedrooms: $4,130. The most common rental property sizes in Monterey Park, CA are 2-bedroom and 3-bedroom, accounting for 41.9% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,950 | $1,970 |
| 2 Bed Rent | $2,500 | $2,500 |
| 3 Bed Rent | $3,500 | $3,470 |
| 4 Bed Rent | $4,000 | $4,130 |
% of Rental Stock
Property Listings — Monterey Park, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Monterey Park, CA is 51. 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $850,000 | -5.0% |
Listing Count | 37 | 25.0% |
| Listings as % of Homes | 0.2% | 25.0% |
Days on Market | 51 | 14.0% |
Demographics — Monterey Park, CA
As of the latest ACS Survey released in 2023, Monterey Park, CA has a population of 26,400, which has decreased by -4.8% over the past 5 years. Monterey Park, CA is a moderately popular place for families, as children make up 17.3% of the population. The area has a moderately educated workforce, with 31.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,400 | -4.8% |
% Under 18 | 17.3% | 13.1% |
% Seniors | 21.5% | 8.0% |
% WFH | 12.9% | 222.5% |
% w/ College Degree | 31.7% | 13.2% |
As of the latest ACS Survey released in 2023, Monterey Park, CA is a predominantly asian area, with 69.2% of the population identifying as asian. The asian population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Monterey Park, CA is hispanic, making up 22.6% of the population. Foreign-born residents account for 56.1% of the population in Monterey Park, CA, and this percentage has decreased by 6.5% 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 | 5.3% | 55.9% |
% Black | 0.5% | -16.7% |
% Hispanic | 22.6% | -3.0% |
% Asian | 69.2% | -2.8% |
% Foreign Born | 56.1% | -6.5% |
Mortgage and Risk — Monterey Park, CA
According to HUD data as of 2023, there were 141 mortgage originations in Monterey Park, CA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Monterey Park, CA. Investor activity is low, as 6.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 141 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Monterey Park, CA
As of 2024, the percent of homes in Monterey Park, CA under the Section 8 program is 7.6%. 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 Monterey Park, 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 | 354 |
Total Units Section 8 | 348 |
% Rentals under Section 8 | 7.6% |
% Occupied Section 8 | 90.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,950 | $1,850 |
| 2 Bedroom | -$170 | $2,500 | $2,330 |
| 3 Bedroom | -$540 | $3,500 | $2,960 |
| 4 Bedroom | -$720 | $4,000 | $3,280 |
Affordability — Monterey Park, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11 |
| Median Home Price | $896,000 |
| Median Household Income | $74,400 |