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Monterey Park, CA Housing

 
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As of 2010-2014, median price of a house in Monterey Park is $485,400, which is higher than the state average of $371,400 and is much higher than the national average of $175,700. The Monterey Park median house value has grown by 124.20% since 2000. The growth rate for the price of a house in Monterey Park is much higher than the state average rate of 75.60% and is much higher than the national average rate of 46.91%. The median year that a house in Monterey Park was built is 1963, which is older than the median year for a house built in the state which is 1974 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 9,821 Owner Occupied Houses in Monterey Park, CA, #304
Monterey Park, CA
485,400 USD
California
371,400 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #40
Monterey Park, CA
124.20%
California
75.60%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Monterey Park, CACaliforniaU.S.
Total Housing Units20,417, see rank, 100%13,781,929132,741,033
Occupied Housing Units18,875, 92.45%, see rank91.55%87.55%
Owner Occupied9,821, 48.10%, see rank50.13%56.34%
Renter Occupied9,054, 44.35%, see rank41.42%31.21%
Vacant Housing Units1,542, 7.55%, see rank8.45%12.45%
For Rent218, 1.07%, see rank2.00%2.34%
For Sale Only186, 0.91%, see rank0.83%1.20%
Rented or Sold, Not Occupied214, 1.05%, see rank0.78%0.92%
For Seasonal, Recreational, or Occasional Use157, 0.77%, see rank2.61%3.97%
For Migrant Workers0, 0.00%, see rank0.02%0.03%
Other Vacant767, 3.76%, see rank2.21%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #1148
Monterey Park, CACaliforniaU.S.
196319741976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Monterey Park, CA%CaliforniaU.S.
Owner-Occupied Units9,821100%6,908,92574,787,460
With a Mortgage5,78658.91%, see rank73.66%65.58%
Without a Mortgage4,03541.09%, see rank26.34%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Monterey Park, CA
2,285 USD
California
2,214 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsMonterey Park, CA%CaliforniaU.S.
$299 or Less60.10%, see rank0.15%0.20%
$300 to $499420.73%, see rank0.75%1.59%
$500 to $699591.02%, see rank1.72%5.01%
$700 to $9992043.53%, see rank5.23%14.32%
$1,000 to $1,49962010.72%, see rank15.72%27.90%
$1,500 to $1,9991,12719.48%, see rank19.12%20.35%
$2,000 to $2,9992,53843.86%, see rank30.16%19.52%
$3,000 or More1,19020.57%, see rank27.14%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Monterey Park, CA
31.30% of the Total Income
California
28.30% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Monterey Park, CA%CaliforniaU.S.
10% or Less3155.44%, see rank4.28%5.86%
10% to 20%1,34523.25%, see rank22.58%31.95%
20% to 30%1,07218.53%, see rank27.14%27.64%
30% to 40%1,08418.73%, see rank16.99%13.74%
40% or More1,96333.93%, see rank28.35%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Monterey Park, CA
429 USD
California
493 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsMonterey Park, CA%CaliforniaU.S.
$199 or Less2105.20%, see rank7.54%7.76%
$200 to $29981520.20%, see rank12.68%14.70%
$300 to $4991,58239.21%, see rank30.95%34.63%
$500 to $69990122.33%, see rank21.93%21.16%
$700 or More52713.06%, see rank26.89%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Monterey Park, CA
10.00% of the Total Income
California
11.30% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Monterey Park, CA%CaliforniaU.S.
10% or Less2,02050.06%, see rank44.55%40.19%
10% to 20%98824.49%, see rank28.27%31.47%
20% to 30%43510.78%, see rank10.90%12.24%
30% to 40%1383.42%, see rank5.32%5.64%
40% or More41510.29%, see rank9.62%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Monterey Park, CACaliforniaU.S.
Total Housing Units20,417, 100%13,781,929132,741,033
1-unit, Detached11,847, 58.03%, see rank58.17%61.65%
1-unit, Attached2,289, 11.21%, see rank6.97%5.82%
2 Units483, 2.37%, see rank2.54%3.75%
3 or 4 Units1,039, 5.09%, see rank5.54%4.43%
5 to 9 Units1,680, 8.23%, see rank6.12%4.78%
10 or More Units3,046, 14.92%, see rank16.79%13.08%
Mobile Home, Boat, RV, Van, etc.33, 0.16%, see rank3.88%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Monterey Park, CACaliforniaU.S.
Total Housing Units20,417, 100%13,781,929132,741,033
1 Room264, 1.29%, see rank3.13%1.95%
2 Rooms1,025, 5.02%, see rank3.93%2.48%
3 Rooms3,269, 16.01%, see rank12.05%9.13%
4 Rooms5,285, 25.89%, see rank19.24%16.60%
5 Rooms4,633, 22.69%, see rank20.56%20.41%
6 Rooms2,724, 13.34%, see rank16.99%18.06%
7 Rooms1,477, 7.23%, see rank11.06%12.27%
8 Rooms939, 4.60%, see rank6.58%8.48%
9 Rooms or More801, 3.92%, see rank6.46%10.60%
Median Rooms4.60, see rank5.105.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Monterey Park, CACaliforniaU.S.
Total Housing Units20,417, 100%13,781,929132,741,033
No Bedroom334, 1.64%, see rank3.56%2.17%
1 Bedroom2,431, 11.91%, see rank14.11%11.16%
2 Bedrooms6,158, 30.16%, see rank28.01%26.69%
3 Bedrooms7,665, 37.54%, see rank33.46%39.70%
4 Bedrooms3,038, 14.88%, see rank16.55%16.05%
5 or More Bedrooms791, 3.87%, see rank4.31%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Monterey Park, CACaliforniaU.S.
Total Housing Units18,875, 100%12,617,280116,211,092
Utility Gas10,096, 53.49%, see rank65.57%48.85%
Bottled, Tank, or LP Gas264, 1.40%, see rank3.16%4.86%
Electricity8,145, 43.15%, see rank25.76%36.68%
Fuel Oil, Kerosene, etc.10, 0.05%, see rank0.27%5.86%
Coal or Coke0, 0.00%, see rank0.01%0.12%
Wood23, 0.12%, see rank1.73%2.12%
Solar Energy32, 0.17%, see rank0.14%0.05%
Other Fuel0, 0.00%, see rank0.35%0.47%
No Fuel Used305, 1.62%, see rank3.02%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalMonterey Park, CACaliforniaU.S.
Occupied Units Paying Rent8,714, 100%5,526,56039,201,928
$199 or Less39, 0.45%, see rank0.65%1.50%
$200 to $299155, 1.78%, see rank2.00%3.18%
$300 to $499291, 3.34%, see rank3.28%7.37%
$500 to $699379, 4.35%, see rank6.23%16.01%
$700 to $9991,436, 16.48%, see rank19.65%29.17%
$1,000 to $1,4994,118, 47.26%, see rank34.37%26.88%
$1,500 to $1,9991,703, 19.54%, see rank19.29%9.79%
$2,000 or More593, 6.81%, see rank14.52%6.10%
Median$1,253, see rank$1,243$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Monterey Park, CACaliforniaU.S.
Occupied Housing Units18,875, 100%12,617,280116,211,092
No Vehicles Available1,621, 8.59%, see rank7.81%9.12%
1 Vehicles Available5,669, 30.03%, see rank32.17%33.80%
2 Vehicles Available7,272, 38.53%, see rank37.49%37.48%
3 or More Vehicles Available4,313, 22.85%, see rank22.54%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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