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Monterey park, CA

Population 60,792

0% 1 Year Decline

Median Household Income $57,265

3.7510% 1- Year Growth

Median Property Value $593.3K

4.4834% 1-Year Growth

About

In 2018, Monterey park, CA had a population of $60.8K people with a median age of 44.8 and a median household income of $57,265. Between 2017 and 2018 thepopulation of Monterey park, CA grew from 60,792 to 61,056, a 0% increase and its mediam household income grew from $55,117 to $57,265, a 3.7510% increase.
The 5 largest ethnic groups in Monterey park, CA are Asian (Non-Hispanic) (0%), White (Non Hispanic) (0%). White (Hispanic (0%). Other (Hispanic) (0%), and Two+(Non-Hispanic) (0%). NaNk% of the people in Monterey park, CA speak a non-English language, and 0% are U.S. citizens.
The median property value in Monterey park, CA is $1.07M, and the homeownership rate is 59%. Most people in Monterey park, CA commute by Drove Alone, and the average commute time is 29.30 minutes. The average car ownership in Monterey park, CA is 2 cars per household.

Housing & Living

The median property value in Monterey park, CA was $593.3K in 2018, which is 4.65 times larger than the national average of $229,700. Between 2017 and 2018 the median property value increased from $994,400 to
$1.07M, a 7.48% increae. The homeownership rate in Monterey park, CA is 59%, which is lower than the national average of 63.9%. People in Monterey park, CA have an average commute time of 29.30 minutes, and they
commute by Drove Alone. Car ownership in Monterey park, CA is approximately the same as the national average, with an average of 2 cars per household.

Property value

  • $593.3K 2018 median ± $57,265
  • $566,700 2017 Median ± $55,117

In 2018, the median propery value in Monterey park, CA grew to $593.3K from the previous year's value of $566700.

The following charts display, first, the property values in Monterey park, CA compared to it's parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Monterey park, CA the largest share of households have a property value in the N/A range.

Property Taxes

  • $10.4K AVERAGE RANGE

This chart shows the households in California distributed between a series of property tax buckets compared to the national averages for each bucket. In California the largest share of households pay taxes in the $10.4K range.

economy

In 2018, Monterey park, CA had a population of $60.8K people with a median age of 44.8 and a median household income of $57,265. Between 2017 and 2018 thepopulation of Monterey park, CA grew from 61,056 to 60,792, a 0% increase and its mediam household income grew from $55,117 to $57,265, a 3.7510% increase.
The 5 largest ethnic groups in Monterey park, CA are Asian (Non-Hispanic) (0%), White (Non Hispanic) (0%). White (Hispanic (0%). Other (Hispanic) (0%), and Two+(Non-Hispanic) (0%). NaNk% of the people in Monterey park, CA speak a non-English language, and 0% are U.S. citizens.
The median property value in Monterey park, CA is $593.3K, and the homeownership rate is 59%. Most people in Monterey park, CA commute by Drove Alone, and the average commute time is 29.30 minutes. The average car ownership in Monterey park, CA is 2 cars per household.

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