El Monte, California Housing Market Prices
El Monte Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 14% above the California median$738,856
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Median rent 15% below the California median$1,735
Housing Market Overview
| Metric | El Monte | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $738,856 | $650,794 | $248,835 |
| Price Trend (Annual %) | 10.1% | 8.9% | 7.5% |
| Median Gross Rent | $1,735 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in El Monte is about 14% higher than in California. Rent is about 15% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in El Monte, up about 10.1% and 5.6% a year respectively. Home prices are changing faster.
Median rent in El Monte rose about 59.5% between 2015 and 2024, from $1,088 to $1,735. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 10.7 yearly household incomes in El Monte.
Buying the median-priced home in El Monte costs roughly 35.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in El Monte. The price-to-rent ratio in California is about 26.6.
| Metric | El Monte | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $738,856 | $650,794 | $248,835 |
| Median Household Income | $68,777 | $99,161 | $80,455 |
| Price-to-Income Ratio | 10.7 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in El Monte rose about 130.1%, while median household income rose about 52.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | El Monte | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 38.7% | 51.7% | 58.5% |
| Rental Rate | 58.0% | 40.8% | 31.2% |
| Vacancy Rate | 3.4% | 7.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
El Monte has a homeownership rate of 38.7%, lower than the California average of 51.7%. Its housing vacancy rate is 3.4%, compared with 7.5% in California.
Housing Stock
| Metric | El Monte | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.55 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1967 | 1975 | 1978 |
| Median Number of Rooms | 4.4 | 5.0 | 5.5 |
The typical housing unit in El Monte was built around 1967. On average, 3.6 people live in a home with about 4.4 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in El Monte, California.
What is the median home price in El Monte, California?
The median home price in El Monte, California is $738,856, higher than the California average of $650,794.
What is the average home price in El Monte, California?
The typical home price in El Monte, California, reported as the median sale price, is $738,856. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in El Monte, California?
The median gross rent in El Monte, California is $1,735 per month, lower than the California average of $2,036.
What was the median gross rent in El Monte in 2020?
In 2020, the median gross rent in El Monte, California was $1,355 per month.
What is the price-to-rent ratio in El Monte, California?
The price-to-rent ratio in El Monte, California is about 35.5, meaning it would take roughly 35.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in El Monte.
Are home prices or rent rising faster in El Monte, California?
Both home prices and rent are rising in El Monte, up about 10.1% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in El Monte, California?
38.7% of households in El Monte, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in El Monte, California?
The housing vacancy rate in El Monte, California is 3.4%, lower than the California average of 7.5%.
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