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City · 59,132 residents · Los Angeles County, California

Monterey Park , California

In Monterey Park, a typical home is worth $863,000 and typical rent is $1,888 a month. Compared with all of Los Angeles County, typical household income is 9% lower and the share of households that own their home is 6 points higher.

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  • Typical home value

    $863,000

    3% above the county

    17% above California

    • Monterey Park
    • Los Angeles
    • California

  • Typical rent

    $1,888a month

    3% below the county

    7% below California

    • Monterey Park
    • Los Angeles
    • California

  • Typical household income

    $81,855a year

    9% below the county

    17% below California

    • Monterey Park
    • Los Angeles
    • California

  • Households that own their home

    52%

    6 points above the county

    4 points below California

    • Monterey Park
    • Los Angeles
    • California

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$909,564
1.5% more than 12 months ago
Typical rent
$2,638 a month
1.6% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Monterey Park is in Los Angeles County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Los Angeles County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Monterey Park apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in East Los Angeles, the typical home value is $643,100: 25% less than in Monterey Park ($863,000).

  2. Nearby, in East Los Angeles, the typical rent is $1,494: 21% less than in Monterey Park ($1,888).

  3. 52% of households in Monterey Park own their home, against 46% in Los Angeles County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Monterey Park

What homes there are in Monterey Park, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Monterey Park: 58% of homes, more than in Los Angeles County (47%).

Year built

The typical year built in Monterey Park is 1963, about the same as in Los Angeles County (1965).

In Monterey Park, 57% of homes have 3 bedrooms or more, more than in Los Angeles County (44%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

About 88% of rented homes in Monterey Park cost less than HUD's 2-bedroom fair market rent for Los Angeles County ($2,964).

With a mortgage

$3,091 a month

Los Angeles County: $3,160 a month

Without a mortgage

$768 a month

Los Angeles County: $843 a month

Owners with a mortgage

54%

Los Angeles County: 68%

In Monterey Park, 54% of owners have a mortgage; their typical cost is $3,091 a month, about the same as in Los Angeles County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Monterey Park rose at about the same pace as in Los Angeles County: 40% against 43%.

Much as in Los Angeles County, the typical rent in Monterey Park rose 35% since 2015–2019.

To compare: typical income in Monterey Park rose 32%; the home, +40%; the rent, +35%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMonterey ParkLos Angeles CountyCaliforniaUnited States
Rental vacancy Unreliable estimate4.0%4.2%5.5%
Homeowner vacancy Unreliable estimate0.7%0.8%0.9%
More than one person per room 9.1%10.9%8.2%3.4%
People per household 2.852.812.842.53
Drive alone 64%65%66%69%
Carpool 12%9%10%9%
Public transit 3%4%3%3%
Walk or bike 3%3%3%3%
Work from home 18%17%17%15%
Other means 1%2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

In Monterey Park, 9.1% of households live with more than one person per room, against 10.9% in Los Angeles County.

A household in Monterey Park has 2.85 people on average, about the same as in Los Angeles County (2.81).

In Monterey Park, 12% of workers share a car to get to work; in Los Angeles County, 9%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Monterey Park?

A typical home costs more than the typical income allows

We start with a typical home in Monterey Park, worth $863,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 104% of the typical household income in Monterey Park, which is $81,855 a year. For that payment to be 28% of income, a household would need to earn about $305,000 a year.

The calculator's FHA and conventional loan limits are those of all of Los Angeles County.

Your numbers

Local data
$

Starts at the typical home value in Monterey Park. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $30,205 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$7,117

at 7.18% · 30 years

Loan amount
$847,369
Total interest
$1,219,165
Paid off in
November 2056

Includes $14,574 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,910 a month

  • Tight

    $1,910 to $2,456 a month

  • Hard

    more than $2,456 a month

    Your payment · 104%

Compared with the typical household income in Monterey Park ($81,855 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$7,117
Principal & interest$5,740
Property tax$496
Home insurance$360
FHA mortgage insurance (MIP)$520

You need at least $30,205 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Monterey Park and Los Angeles County

Monterey Park is in Los Angeles County, California. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Monterey Park's own numbers

Typical home value
$863,000
Typical monthly rent
$1,888
Typical yearly household income
$81,855
Households that own their home
52%
Effective property tax rate
0.69%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Los Angeles County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,249,125
HUD fair market rent, 2 bedrooms
$2,964
Price change over 5 years (FHFA)
+43%
Homes in a high flood-risk zone
0.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Los Angeles County.

Everything about Los Angeles County

Buying

Buying a home in Monterey Park

A typical home in Monterey Park is worth $863,000: 3% above the county and 17% above California. With the typical household income in Monterey Park ($81,855 a year), a typical home costs 10.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Monterey Park 10.5 years
  • Los Angeles 9.3 years
  • California 7.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Los Angeles County

According to FHFA’s house price index, home prices in Los Angeles County rose 87% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Los Angeles County.

Period County California U.S.
Last year (2025) +1.7% +0.8% +2.9%
5 years (2020–2025) +43% +40% +47%
10 years (2015–2025) +87% +80% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Monterey Park next to Los Angeles County, California and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Monterey Park $863,000
  • Los Angeles $834,200
  • California $734,700
  • United States $332,700
Typical monthly rent
  • Monterey Park $1,888
  • Los Angeles $1,954
  • California $2,036
  • United States $1,413
Typical yearly household income
  • Monterey Park $81,855
  • Los Angeles $90,112
  • California $99,122
  • United States $80,734
See the full table
Monterey Park next to Los Angeles County and California
Measure Monterey Park Los Angeles County California U.S.
Typical home value $863,000 $834,200 $734,700 $332,700
Typical monthly rent $1,888 $1,954 $2,036 $1,413
Typical yearly household income $81,855 $90,112 $99,122 $80,734
Households that own their home 52% 46% 56% 65%
Typical yearly property tax $5,957 $5,675 $5,124 $3,119
Effective property tax rate 0.69% 0.68% 0.7% 0.94%
Renters with high rent for their income 61% 58% 55% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Los Angeles County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Monterey Park

For a typical $863,000 home in Monterey Park, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Monterey Park's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $7,117a month

    Least cash to close
    Down payment
    $30,205
    Cash to close
    $56,095
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $520

  • Conventional, 5% down $6,820a month

    Down payment
    $43,150
    Cash to close
    $69,040
    Rate
    7.18%
    Mortgage insurance
    PMI · $410

  • Conventional, 20% down, no PMI $5,533a month

    Down payment
    $172,600
    Cash to close
    $198,490
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $6,331a month

    Down payment
    $129,450
    Cash to close
    $155,340
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Monterey Park and for Los Angeles County.

Property tax

Effective rate in Monterey Park

0.69%of the home’s value each year

$5,957 a year for the typical owner in Monterey Park.

  • Monterey Park 0.69%
  • Los Angeles 0.68%
  • California 0.7%

What California publishes Homeowners' exemption (California State Board of Equalization (BOE))

Exemptions and deadlines in California

Flood risk in Los Angeles County

FEMA does not publish these numbers by city: they are for all of Los Angeles County.

Homes in the high-risk zone
0.5%
11,989
Of those, with NFIP insurance
33%
County California U.S.
Homes in the high-risk zone 0.5% 2.8% 3.5%
Of those, with NFIP insurance 33% 31% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Monterey Park

Typical rent in Monterey Park is $1,888 a month: 3% below the county. In Monterey Park, 61% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Los Angeles County, by unit size. To pay the 2-bedroom one ($2,964 a month) without spending more than 30% of your income, you would need to earn $57.00 an hour working full time.

HUD fair market rent for all of Los Angeles County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $2,151 $41.37 $86,040
1 bedroom $2,402 $46.19 $96,080
2 bedrooms $2,964 $57.00 $118,560
3 bedrooms $3,760 $72.31 $150,400
4 bedrooms $4,208 $80.92 $168,320

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Monterey Park

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Monterey Park has 2 ZIP codes with their own.

For 2 bedrooms it runs from $2,740 in 91755 to $2,830 in 91754.

None is above the fair market rent for Los Angeles County ($2,964).

  • 91754 $2,830$3,590
  • 91755 $2,740$3,480

A ZIP code counts for Monterey Park when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Monterey Park

HUD lists 3 buildings with rents for lower incomes in Monterey Park. These are the largest.

  • Lions Manor 215 N Chandler Ave, Monterey Park 91754 126 homes, 125 low-income · For older adults (626) 284-5502
  • Golden Age Village 234 N Rural Dr, Monterey Park 91755 120 low-income homes · For older adults (626) 571-7977
  • Monterey Park Senior Village 1935 Potrero Grande Dr, Monterey Park 91755 114 homes, 113 low-income · 1 bd: 90 · 2 bd: 24 · In service since 2002

See all 1,535 buildings in Los Angeles County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Monterey Park

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 17 HUD-approved agencies with an office in Los Angeles County; 13 say they serve in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Monterey Park

1 program is for Monterey Park or Los Angeles County, by its own record: they come first, each with what its official page says about being open. The ones below are statewide in California: they work in Monterey Park the same as in the rest of the state.

Which programs do I qualify for? All programs in California

Housing counselors near Monterey Park

The HUD-approved agencies closest to the center of Monterey Park, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Montebello Housing Development Corp.

    1619 Paramount Blvd, Montebello · 2 miles away · Spanish

    • Mortgage delinquency and default
    • Workshops for new owners
    • and 2 more
    (323) 722-3955

  • East La Community Corporation (ELACC)

    2917 E 1st St Ste 101, Los Angeles · 4 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (323) 850-8050

  • Operation Hope Inc. - South Gate Branch

    8710 Garfield Ave, South Gate · 7 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (424) 373-0854

Every agency in Los Angeles County All counseling agencies in California

Help in Spanish near Monterey Park

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Monterey Park

HUD’s record names them for Monterey Park or Los Angeles County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Los Angeles County Development Authority Public housing and Section 8 vouchers (626) 586-1500

19 other authorities have an office in Los Angeles County: see the list Source: HUD

Cities

Other cities in Los Angeles County

These cities are also in Los Angeles County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Los Angeles County Housing in California
See 108 more cities in Los Angeles County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Monterey Park, with the typical home value.

Neighboring counties

If Los Angeles County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Monterey Park.

All guides
A mother and her daughters smile together on a mountain trail with a snowy peak behind them.

Questions

Housing questions about Monterey Park

Short answers with the numbers for Monterey Park and all of Los Angeles County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Monterey Park?

The typical home value in Monterey Park is $863,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Los Angeles County it is $834,200.

How much does it cost to rent in Monterey Park?

Typical rent in Monterey Park is $1,888 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Los Angeles County is $2,964.

What is the FHA loan limit in Monterey Park?

Monterey Park uses the FHA limit for all of Los Angeles County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in Monterey Park?

The typical homeowner in Monterey Park pays $5,957 a year, according to the U.S. Census Bureau. That is 0.69% of the home’s value; in Los Angeles County, the rate is 0.68%.

Where can I find free help to buy or rent in Monterey Park?

There are 17 HUD-approved counseling agencies with an office in Los Angeles County. 13 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).