Monterey Park, California.
Typical home $909,564 (+1.5% in a year), asking rent $2,638 (+1.6%). Los Angeles-Long Beach-Anaheim, CA metro.
to buy the typical home at today's mortgage rate — +$2,382 (+100%) since Jan 2020.
- 1 year
- Up $13,053 +1%
- $896,510$909,564 since Sep 2025
- 5 years
- Up $151,734 +20%
- $757,830$909,564 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Monterey Park$4,774
- California$3,997
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 19 years.
Typical home values in Monterey Park, CA rose 1.5% over the past year — faster than the nation's +1.2%.
Asking rents in Monterey Park, CA rose 1.6% over the past year — slower than the nation's +2.7%.
Owning the typical home in Monterey Park runs $3,625/mo more than renting one. The gap peaked at $3,840 in Jan 2025.
That is $6,263 a month against $2,638 rent: a $4,774 mortgage payment, plus $516 property tax and $974 insurance & upkeep.
Owning vs renting — Monterey Park
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$6,263
- Renting$2,638
- Mortgage only$4,774
Property tax · $516/mo 0.68% of value a year — the ACS 2020-2024 median bill over the median home value for Los Angeles County, CA
Insurance & upkeep · $974/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Monterey Park, Los Angeles County, California
Monterey Park is a city of 61,096 people in Los Angeles County. Half its households earn more than $81,855 a year and half less, against $90,112 across Los Angeles County; 12% of its people live below the poverty line. 52% of its homes are lived in by their owners and 48% are rented. Unemployment in Monterey Park was 4.6% in August 2026, and Los Angeles County had about as many jobs in 2025 as the year before. The most residents work in schools and health care, then restaurants and hotels.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Monterey Park is a city in Los Angeles County where residents are older, on average, than in most places, and where incomes run a little below the county's. Homes are about as likely to be rented as owned, and typical home values and rents are high. Winters are mild and summers warm, with very little snow and not much rain through the year.
Work. Residents work mostly in schools, hospitals and social care, in restaurants, hotels and entertainment, and in professional and business services, with many also employed in shops. Some of the largest workplaces in the city are East Los Angeles College, Garfield Medical Center and the City of Monterey Park itself. Commutes are fairly long, and a good number of people work from home.
Things to do. A short drive away are Dodger Stadium and the Los Angeles Memorial Coliseum, both stadiums, along with The Huntington Library, Art Museum, and Botanical Gardens, a large botanical garden with galleries. The Museum of Contemporary Art, Los Angeles is also a short drive away. Disneyland and the Hollywood Sign are a longer drive.
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- 20,646households
- 36%of adults have a degree
- 12%below the poverty line
- 28 mintypical commute
- 18%work from home
What residents work in
Employed residents by industry, from the Census survey. Los Angeles County had 4,525,460 jobs in 2025, about as many as the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 68° and lows near 45°; warmest in August, with highs near 88° and lows near 66°. About 16 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the San Gabriel Fire Dept weather station, 3 miles away (NOAA).
Largest workplaces in Monterey Park
- East Los Angeles CollegeTwo-year college1,354
- Garfield Medical CenterGeneral hospital809FTE
- Merchants Building MaintenanceBuilding cleaning services, janitorial765
- Southern California GAS CompanyNatural gas distribution srv.724
- City of Monterey Park443
- Guard-SystemsSecurity guard services428
- Monterey Park HospitalGeneral hospital300FTE
- AltaMed Transportation DepartmentMedical doctors' offices151
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 22 workplaces with 20 or more staff, 3,379 people in all. Colleges come from IPEDS (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- EarthquakesRelatively high
- Inland floodingRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Monterey Park’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Los Angeles County and the Los Angeles-Long Beach-Anaheim, CA metro.
Monterey Park home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Monterey Park$909,564
- California$761,538
- United States$366,157
Sellers are cutting prices on about 1 in 4 Monterey Park listings, and the typical home goes pending in 25 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Monterey Park23.77%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Monterey Park25
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Monterey Park122
New listings per month
Sellers arriving at the market.
- Monterey Park38
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Monterey Park$931,418
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Monterey Park99.59%
Zip codes with a Monterey Park address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Monterey Park — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Monterey Park
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 91754 | Monterey Park | 32,248 | $2,614 | $916,513 |
| 91755 | Monterey Park | 26,810 | $2,671 | $900,669 |