El Monte, California Real Estate & Housing Market

El Monte, CA Listings

For Sale For Rent

Find real estate listings

Find rental listings

El Monte Housing Information

Index	El Monte	California	National
Median home price	$374,900	$409,300	$184,700
Median rent asked	$1,118	$1,297	$949
Avg. people per household	3.8	3.0	2.6
Owner occupied households	39.3%	54.1%	63.6%
Renter occupied households	60.7%	45.9%	36.4%

Above is a snapshot look at the real estate market in El Monte, CA. In El Monte, CA, the median house price is $374,900, making the price 8% lower than that the average for California. Therefore, the affordability of El Monte, CA area real estate is more affordable than the real estate in other areas of California. In addition, El Monte, CA has a median rent price of $1,118; this price is 14% lower than that the average rental price for California. 39.3% of residents in El Monte, CA are homeowners, and the average amount of people who reside in each home is 3.8. El Monte, CA has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for El Monte, CA real estate for sale.

El Monte Home Affordability

When looking for real estate in El Monte, CA, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In El Monte, CA, the median price of a home is $374,900 and $40,654 is the median household income. This means that the home price to income ratio is 9.2x, a ratio that is 44% higher than the average in California. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in El Monte, CA will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in El Monte, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Willowbrook, CA	22,035	$246,800	34%
Compton, CA	97,740	$264,300	43%
Florence-Graham, CA	63,390	$267,800	45%
East Rancho Dominguez, CA	15,887	$277,800	50%
Paramount, CA	54,941	$283,400	53%
El Monte, CA	115,665	$374,900	103%

Cities with similar population

City, State	Population	Home Price	National Avg.
Provo, UT	115,718	$214,800	16%
Fargo, ND	115,950	$178,300	3%
Peoria, IL	115,990	$127,200	31%
Lansing, MI	114,773	$75,500	59%
Springfield, IL	116,745	$123,700	33%
El Monte, CA	115,665	$374,900	103%

Source: The El Monte, CA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).