Market Overview
Home Prices in Monterey Park, CA
The median home value in Monterey Park, CA is $928,283 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.4% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monterey Park are priced126% above average. Monterey Park is part of the Los Angeles-Long Beach-Anaheim, CA metro area.
Over the past five years, Monterey Park home values have risen by approximately23.1%, reflecting strong long-term appreciation in this market.
Price History
Monterey Park Home Price Trend
City Comparison
Monterey Park vs. National Median
At $928,283, homes in Monterey Park cost 126% above the national median of $410,000. Buyers in Monterey Park should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Monterey Park?
20% Down Payment
$185,657
on $928,283
Monthly P&I
$4,841/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,148/mo
incl. taxes & insurance
Income Needed
$245,920
gross annual (30% rule)
10% Down Option
$92,828
+ PMI applies
Loan Amount (20% dn)
$742,626
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Monterey Park, CA?
The median home value in Monterey Park is $928,283 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.4% year-over-year.
How much have home prices changed in Monterey Park?
Over the past year, home values in Monterey Park have increased by 1.4%. Over five years, prices have risen approximately 23.1%.
How much do I need to earn to buy a home in Monterey Park?
To comfortably afford the median home price of $928,283 with a 20% down payment ($185,657) at today's rates (6.8%), you'd need a gross annual income of approximately $245,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Monterey Park compare to the national average home price?
The national median home value is approximately $410,000. At $928,283, homes in Monterey Park are 126% above the national average.
What metro area is Monterey Park part of?
Monterey Park is part of the Los Angeles-Long Beach-Anaheim, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.