Real Estate Market Update for 91754 (Monterey Park, CA)
Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 8% from one year earlier, and down 23% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 520-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 73%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 540-thousand dollars. The number of units sold increased 13% year-over-year, and increased 13% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 91754 (Monterey Park, CA)
Area Information for 91754 (Monterey Park, CA)
  • Population: 33,382
  • Median Age: 41.93 yr
  • Median Commute Time: 23.7 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 7,365/sq mi
  • Population Change Since 2000: .67%
  • Closest Airport: Bob Hope
  • Closest College: California State Univ-los Angeles
  • Closest Jr. College: East Los Angeles College
  • Median Household Income: $56,534
  • Annual Residential Turnover: 16.96%
  • Median Years in Residence: 4.33 yr
  • Median Home Sales Price: $420,500
  • Closest Major Sports Team: Dodgers
  • Change Avg. Household Income Since 2000: 38%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 91754 (Monterey Park, CA)
Median Age: 41.93 Married: 34% Number of Households: 11,258 Households with Children: 3,879
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 91754 (Monterey Park, CA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Saint Thomas Aquinas 0.4 mi Catholic K-8 0 4
      Brightwood Elementary School 0.6 mi Public K-8 4-5 4
      Monterey Highlands Elementary School 0.8 mi Public K-8 4-5 4
      Robert Hill Lane Elementary School 0.9 mi Public PRESCHOOL-6 3 4
      Repetto Elementary School 0.9 mi Public K-8 4 4
      East Los Angeles Community Day School 0.9 mi Public 9-12 1 0
      Monterey Park Christian School 1.1 mi Private PRESCHOOL-K 0 0
      Meher Montessori School 1.1 mi Private PRESCHOOL-6 0 4
      Ynez Elementary School 1.2 mi Public PRESCHOOL-8 4 3
      Bella Vista Elementary School 1.2 mi Public K-5 1 3
      St. Stephen Martyr 1.3 mi Catholic PRESCHOOL-8 0 4
      Happy Day School 1.3 mi Private PRESCHOOL-K 0 5
      Alpha-shen Kindergarten 1.4 mi Private PRESCHOOL-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 91754 (Monterey Park, CA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.