Much like the surrounding areas, it is substantially more expensive compared to the US as a whole. Compared to the city of Los Angeles however, it is a little less expensive.
Home prices
The median home cost in Montebello is $492,300. In comparison to its nearby areas this is about $11,300 (2%) higher.In comparison to the United States as a whole it is roughly $274,800 (126%) higher, and compared to the city of Los Angeles is about $144,600 (22%) lower.
Rents
In Montebello the median rent is $1,334 per month. This is is very similar compared to its nearby areas.Compared to the entire nation it is about $272 (25%) higher, and is approximately $116 (7%) lower compared to the city of Los Angeles.
Nearby places
Pico Rivera
Pico Rivera is Montebello's neighbor to the southeast. Its real estate prices are a bit less expensive. The median home in Pico Rivera is valued at $440,600, which comes out to $51,700 (11%) lower than Montebello. Rent there is similar. Pico Rivera's median monthly rent is $1,403, which works out to $69 (4%) higher than Montebello.
Commerce
Commerce is Montebello's neighbor to the southwest. Its housing prices are somewhat less expensive. Commerce's median home cost is $411,200, which works out to $81,100 (19%) lower than Montebello. The rent there is a bit less expensive. The median monthly rent in Commerce is $1,139, which works out to $195 (17%) lower than Montebello.
South San Gabriel
South San Gabriel is Montebello's neighbor to the north. Real estate prices there are somewhat more expensive. The median home in South San Gabriel costs $521,600, which works out to $29,300 (5%) higher than Montebello. The rent there is a bit more expensive. In South San Gabriel the median rent is $1,612 a month, which works out to $278 (17%) higher than Montebello.
Monterey Park
Monterey Park is Montebello's neighbor to the northwest. Its real estate prices are a little more expensive. The median home in Monterey Park is valued at $616,000, which is $123,700 (20%) higher than Montebello. Its rents are pretty similar. The median monthly rent in Monterey Park is $1,400, which works out to $66 (4%) higher than Montebello.
East Los Angeles
East Los Angeles is Montebello's neighbor to the northwest. Its housing prices are somewhat less expensive. The median home price in East Los Angeles is $415,600, which comes out to $76,700 (18%) lower than Montebello. Rents there are somewhat less expensive. The median monthly rent in East Los Angeles is $1,134, which works out to $200 (17%) lower than Montebello.
