Located in the state of California, Monterey Park is a moderately-sized city with a population of 61,001 people. In Monterey Park, there are 7,954 people per square mile, which is well above the national population density average. More than a quarter of the residents of Monterey Park identify themselves as Hispanic or Latino, and 19% of the population speak Spanish as their primary or secondary language.
If you’re considering relocating to any new city, it could be a very discouraging task. However, it could also be a great experience if you are willing to get to know the area before actually living in Monterey Park, California. With useful information like crime, cost of living, weather, education, employment and other key data points, finding the best places to live in Monterey Park and in the areas around Monterey Park is a much easier task.
With a livability score of 69 out of 100, Monterey Park is ranked #11,553 in the United States and #407 in California. Based on the rankings for each individual category, Monterey Park has been rewarded with high marks for amenities (A+), crime (B-) and weather (A+). On a less positive note, Monterey Park does not have favorable grades for the following: cost of living (F) and housing (D-). If we take a look at the data, we can find out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Monterey Park, there is no shortage of amazing local amenities and interesting things to do.
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and the overall sense of community. Monterey Park has a violent crime rate of 183 crimes per 100,000 residents which is far lower than the national average.
Assuming that Monterey Park meets all of your requirements, the next most important item to examine is the affordability of real estate in Monterey Park. Everything else becomes a lot less important if it turns out that home prices in Monterey Park are simply unattainable. Median real estate prices in Monterey Park come in at $532,700, which is 30.1% higher than the California average. The home price to income ratio compares the median home prices to the median household income. In Monterey Park, the home price to income ratio is 9.9, which is 54.7% higher than the California average. Real estate appreciation rates in Monterey Park are important to consider, as they can act as a guide to determine if your new home purchase will be a solid investment going forward. During the last twelve months, the appreciation rate for Monterey Park homes comes in at 4.9%, and the 5 year appreciation rates were 7.5%.
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