Home prices
The median home cost in Monterey Park is $616,000. This is approximately $96,240 (18%) higher in comparison to its surrounding areas.Compared to the entire country it is approximately $398,500 (183%) higher, and it is roughly $20,900 (3%) lower compared to the city of Los Angeles.
Rents
The median monthly rent in Monterey Park is $1,400. Compared to other places in this area this is about $26 (1%) higher.It is about $338 (31%) higher compared to the country as a whole, and it is roughly $50 (3%) lower compared to the city of Los Angeles.
Nearby places
South San Gabriel
South San Gabriel is Monterey Park's neighbor to the east. The real estate prices there are a little less expensive. South San Gabriel's median home price is $521,600, which comes out to $94,400 (18%) lower than Monterey Park. The rent there is a little more expensive. South San Gabriel's median monthly rent is $1,612, which is $212 (13%) higher than Monterey Park.
East Los Angeles
East Los Angeles is Monterey Park's neighbor to the southwest. The real estate prices there are a lot less expensive. The median home in East Los Angeles costs $415,600, which comes out to $200,400 (48%) lower than Monterey Park. Rent there is somewhat less expensive. East Los Angeles's median monthly rent is $1,134, which works out to $266 (23%) lower than Monterey Park.
Alhambra
Alhambra is Monterey Park's neighbor to the north. The housing prices there are fairly similar. The median home cost in Alhambra is $612,700, which is very similar to Monterey Park. Rent there is similar. The median rent in Alhambra is $1,436 a month, which works out to $36 (2%) higher than Monterey Park.
Montebello
Montebello is Monterey Park's neighbor to the southeast. Its real estate prices are a bit less expensive. The median home in Montebello is valued at $492,300, which works out to $123,700 (25%) lower than Monterey Park. Its rents are pretty similar. In Montebello the median monthly rent is $1,334, which is $66 (4%) lower than Monterey Park.
Rosemead
Rosemead is Monterey Park's neighbor to the northeast. Its real estate prices are a bit less expensive. The median home in Rosemead costs $556,600, which is $59,400 (10%) lower than Monterey Park. Rents there are pretty similar. The median monthly rent in Rosemead is $1,353, which is $47 (3%) lower than Monterey Park.
