Monterey Park, CA Real Estate

According to census data in the year 2000 there were 20,177 housing units in Monterey Park. This represents a 0.6% decline from 20,298 in 1990.

Of those housing units, 20,177 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Monterey Park is about 54.1%. Monterey Park's vacancy rate, including seasonal lodging, is about 3.2%. Average household size is 3.05 people.

The majority of houses, apartments or condos in Monterey Park were built after 1960.


Housing Size

Housing Units by Size
Studio Type6.50%
One Bedroom20.70%
Two Bedrooms31.50%
Three Bedrooms30.30%
Four Bedrooms8.80%
Five Bedrooms or more2.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.92
Median year structure was built1958
Median Value of occupied units$216,500
Median Price asked for vacant units$201,800

Rented Homes, Apartments and Condos

Average Household Size3.21
Median year structure was built1965
Median Monthly Rent asked for vacant units$766

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage5.10%
Home Equity Loan5.50%
Simple Mortgage52%
Debt Free37.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.2%