El Monte, CA

El Monte is a city in the state of california with a population of roughly 93,127. It is in Los Angeles County, California the Los Angeles-Long Beach-Anaheim, CA core-based statistical areas (CBSA), and the Los Angeles-Long Beach, CA combined statistical area (CSA).Its Zip codes include 91732 ,91731 .

Trends in Home Prices in El Monte, CA

Real estate in El Monte, California is a hot commodity. The city has seen an influx of new residents and businesses in recent years, which has led to an increase in home prices and rental rates. According to the 2016 American Community Survey, the median home value in El Monte was $269,000. This represents a 27% increase from the median home value of $205,000 recorded in 2010.

The city's population has also grown significantly over the past few years. As of the 2010 Census, El Monte had a population of just over 103,000 people. In 2016, this figure had increased to just under 128,000 people – an increase of almost 30%. This growth has led to increased demand for housing and property services in El Monte.

One reason for this demand is that El Monte is located close to many major metropolitan areas – including Los Angeles and San Bernardino – making it easy for residents to commute into work. Additionally, many businesses located in El Monte are geared towards serving customers from within commuting distance. This means that there is always demand for new housing developments and commercial spaces within the city limits.

As a result of these factors, real estate prices have risen rapidly over the past few years in El Monte. The median home value as recorded by the ACS was $269,000 as of 2016 – up from $205,000 five years earlier! Rental rates have also seen significant increases during this time period; according to Zillow data*, rents averaged $1,851 per month as of September 2017 (up from $1,527 per month as of September 2015).

Given these high prices and increasing demand for real estate services in El Monte – both residential and commercial – it's important for prospective buyers or renters to do their research before making any decisions about purchasing or renting a property here. Make sure you consult with local experts who can provide you with accurate information about current market conditions and trends specific to El Monte.

Price Index: Los Angeles-Long Beach-Glendale, CA (MSAD)

Zip codes in El Monte


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