91754, Monterey Park, CA

The Monterey Park zip code, 91754, has a population of over 130,000 people and is located in the San Gabriel Valley region of Los Angeles County. The median home value in this zip code is $269,000 and the median home equity value is $142,500. The average monthly mortgage payment for homes in this zip code is $1,847.

There are a number of factors that contribute to the high home values in this zip code. First and foremost, Monterey Park is a desirable location with access to excellent schools and recreational opportunities. Additionally, there are a large number of families who have been able to purchase homes here over the past few years due to strong job growth rates and low interest rates. Finally, many homeowners have taken advantage of generous incentives offered by the local government - such as tax abatements - which have helped to drive up prices even further.

Despite these positive trends, there are some potential risks associated with buying a home in Monterey Park. First and foremost, prices may continue to rise over time if there are no significant changes in the economy or housing market conditions. Additionally, while it's generally easy to get approved for a mortgage in this area, borrowers should be aware that credit scores may not be as good as they would be elsewhere – so they may need to take steps (such as getting pre-approved for loans) to ensure that they're able to afford a home here.