Foreclosures in Monterey Park, CA

Current Market Conditions in Monterey Park, CA

The real estate market in Monterey Park is currently competitive, with home prices steadily rising over the past year. Demand for homes in this city is driven by its desirable location, good schools, and proximity to major employment centers in Los Angeles. Potential buyers should be prepared for bidding wars as inventory remains low and interest in the area continues to grow.

With a mix of single-family homes, condos, and townhouses, Monterey Park offers a variety of housing options that appeal to a wide range of buyers. The market has seen an increase in new developments, catering to young professionals and families looking for affordable housing in a well-located city.

Rent Prices In Monterey Park, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monterey Park, CA, is on a rollercoaster ride. The average rent price in Monterey Park, CA, is $2,700.00. Indeed, when looking to rent in Monterey Park, CA, you can expect to pay as little as $960.00 or as much as $5,220.00, with the average rent median estimated to be $2,750.00. The good news is that finding an affordable and desirable property to rent in Monterey Park, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.