Monterey Park
Real Estate Analysis
Officially voted into City-hood on May 29, 1916, Monterey Park was named after an old government map that had named the area Monterey Hills. Over the decades, the city evolved into a vibrant suburb with a strong Asian-American presence. In fact in 2017, Money Magazines did a Monterey Park real estate analysis and ranked the city as the 3rd best place to live in America.
In the early 1900’s the city had most of its settlers in the northern and southern parts of the city. However, after the end of World War II, the city saw expansive growth between the 1940’s and 1950’s. This renewed growth caused lots of the land to be subdivided. developed, and built for maximum growth potential.
Located just east of Downtown Los Angeles, Monterey Park is a highly desirable city in the San Gabriel Valley. Due to it’s strategic location, the city provides easy access to LA and Orange County via the 10 and 60 freeways. As a local myself who was born and raised in Monterey Park, I hope you enjoy this article as it means a lot to me, a lot of us locals are proud to live in this city, and I hope you can come enjoy it as well!
The Monterey Park Real Estate Market: Trends You Need to Know
As of 2025, the Monterey Park real estate market remains highly competitive. Homes in Monterey Park are known to appreciate at a steady rate, with the average home price currently around $923,000. Its not rare for many to consider Monterey Park as a luxury place to live, as most new homeowners purchasing are upsizing or 2nd time homebuyers. Most of the neighborhood is currently being occupied by owners who purchased pre 2000’s, with many of those homeowners opting to leave the home to their children, rather than putting it on the market. Further inducing a competitive market.
Current July 2025 trends show:
Increased demand for Single Family Homes
Condo & Townhouse demand decreasing slightly
Slightly above average rent prices when compared to surrounding cities
Not Many New Construction Homes Being Built
Homes selling slightly above market value
Desirable homes selling within 2 weeks of being listed
Working With Experienced Monterey Park Real Estate Agents
Navigating the Monterey Park real estate market is no walk in the park. Desirable homes fly off the shelf literally within weeks, and oftentimes going above asking price. I would say the biggest benefit of working with an experienced Monterey Park Real Estate Agent is being able to specify which neighborhoods would be best for your family. Whether you’d like easy access to Los Angeles or to Orange County, there are hidden gems located in quiet neighborhoods that might be a perfect fit, but might not have been on your checklist of areas to tour.
There is so much more added value when it comes to raising your family, such as which schools are the best, what area is most walkable, where are the nearest laundromats, etc. A local Monterey Park Agent is able to denote all of those amenities to help your family find the best suited one for you.
Pro Tip : This matters even more when you are selling your home. A local agent is able to properly describe all of the amenities around your home that makes it special! Rather than just putting your home on the MLS, the Monterey Park Agent is able to paint a picture of the lifestyle a buyer would live in the home. That’s what really sells buyers to submit an offer!
What is There To Do in Monterey Park
Monterey Park isn’t just a historically rich place to live, it also has something to offer for everyone! Whether you are a long time local, or you’re just visiting for a weekend, there are tons of places to explore and new cuisines to try!
Local Highlights:
Atlantic Time Square – Known as a hub for food and dining, the Time Square also has it’s own AMC Theatre. Some restaurants have closed in the Time Square, but drive down Atlantic and there are many more to explore!
Sequoia Park – A large park atop of a hill, enjoy scenic views along with a serene calmness. Devoid of traffic and cars, truly a nature getaway in the middle of a city.
Monterey Park Golf Club – Enjoy the range or grab a cart on the course. Next to the famous Luminaries Restaurant, have a beautiful candle lit dinner enjoying views of the entire city.
Dining & Food Scene
Monterey Park is known as a foodie paradise, specializing in all things Chinese-American cuisine. Not to mention, just like all of the SGV, Monterey Park definitely is not shy when it comes to fantastic boba!
Must-try spots include:
Alice Kitchen – Casual Hong Kong Style Cafe, this is a local favorite for quick breakfasts/dinner grabs. Cheap but great tasting food that comes in large portions!
NBC Seafood Restaurant – One of the best Dim Sum spots in the whole San Gabriel Valley. Come early, the line and wait can get over 2 hours on the weekends! This spot is enjoyed by locals and tourists alike, with many renowning it as the best Dim Sum they’ve ever had
MaMa Lu’s Dumpling House – Famous for its Soup Dumplings, MaMa Lu’s was a family owned chinese restaurant that opened it’s doors at its original location on 153 E Garvey Ave in 2008. Now, they’ve opened multiple stores across the SGV, and they even sell their dumplings in Supermarkets!
FAQs
What neighborhood is most affordable in Monterey Park?
While there isn’t an official name, homes closer to the 60 freeway are generally more affordable, both for Single Family homes, and condo/townhouses. That is excluding all of the homes in the hillside, as the prices generally bump up due to exclusivity.
Is the School District Good?
Monterey park is served by multiple school districts, such as the Alhambra School District, Garvey School District, Los Angeles School District, and Montebello School District. Most notably and most desirable of the four would be Alhambra School District, or AUSD. The edges/corners of Monterey Park are ruled by the other school districts, however a majority of the city goes to AUSD, known for it’s academic excellence.
Is Monterey Park expensive to live in?
Compared to nearby cities like Pasadena or Downtown Los Angeles, Monterey Park offers relatively more affordable housing options. While still not the cheapest in the San Gabriel Valley, choosing to live in Monterey Park is more about the community and the amenities unique to this city.
How walkable is Monterey Park?
The northern and southern parts of Monterey Park are generally very walkable. However, in the central areas of Monterey park and especially on the hillside properties, walkability score goes down notable as cars will become a daily necessity for most errands.
Thinking About Making a Move?
If you’re considering buying or selling in Monterey Park, now is a great time (what else did you expect me to say, I am a realtor lol). Connect with a local real estate agent who understands the market, the community, and how to help you reach your real estate goals.
