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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 6.50% |
| One Bedroom | 20.70% |
| Two Bedrooms | 31.50% |
| Three Bedrooms | 30.30% |
| Four Bedrooms | 8.80% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.92 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $216,500 |
| Median Price asked for vacant units | $201,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.21 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $766 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 5.50% |
| Simple Mortgage | 52% |
| Debt Free | 37.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.2% |
