Montebello, California Housing Market Prices
Montebello 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 34% above the California median$875,000
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Median rent 11% below the California median$1,821
Housing Market Overview
| Metric | Montebello | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $875,000 | $650,794 | $248,835 |
| Price Trend (Annual %) | 9.2% | 8.9% | 7.5% |
| Median Gross Rent | $1,821 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Montebello is about 34% higher than in California. Rent is about 11% 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 Montebello, up about 9.2% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Montebello rose about 59.4% between 2015 and 2024, from $1,143 to $1,821. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 10.9 yearly household incomes in Montebello.
Buying the median-priced home in Montebello costs roughly 40.0 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 Montebello. The price-to-rent ratio in California is about 26.6.
| Metric | Montebello | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $875,000 | $650,794 | $248,835 |
| Median Household Income | $80,094 | $99,161 | $80,455 |
| Price-to-Income Ratio | 10.9 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Montebello rose about 109.2%, while median household income rose about 51.0% 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 | Montebello | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 43.9% | 51.7% | 58.5% |
| Rental Rate | 52.6% | 40.8% | 31.2% |
| Vacancy Rate | 3.4% | 7.5% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Montebello has a homeownership rate of 43.9%, lower than the California average of 51.7%. Its housing vacancy rate is 3.4%, compared with 7.5% in California.
Housing Stock
| Metric | Montebello | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.09 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1963 | 1975 | 1978 |
| Median Number of Rooms | 4.7 | 5.0 | 5.5 |
The typical housing unit in Montebello was built around 1963. On average, 3.1 people live in a home with about 4.7 rooms, staying for about 16.0 years on average.
Montebello, CA Housing Compared With Nearby Cities
How Montebello, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Montebello, CA | 61,415 | $875,000 #1/2 | $1,821 #2/2 | 45.5% #2/2 |
| Monterey Park, CA | 59,749 | $859,536 | $1,857 | 51.0% |
Frequently Asked Questions
Common questions about the housing market in Montebello, California.
What is the median home price in Montebello, California?
The median home price in Montebello, California is $875,000, higher than the California average of $650,794.
What is the average home price in Montebello, California?
The typical home price in Montebello, California, reported as the median sale price, is $875,000. 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 Montebello, California?
The median gross rent in Montebello, California is $1,821 per month, lower than the California average of $2,036.
What was the median gross rent in Montebello in 2020?
In 2020, the median gross rent in Montebello, California was $1,437 per month.
What is the price-to-rent ratio in Montebello, California?
The price-to-rent ratio in Montebello, California is about 40.0, meaning it would take roughly 40.0 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 Montebello.
Are home prices or rent rising faster in Montebello, California?
Both home prices and rent are rising in Montebello, up about 9.2% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Montebello, California?
43.9% of households in Montebello, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Montebello, California?
The housing vacancy rate in Montebello, California is 3.4%, lower than the California average of 7.5%.
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