menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



El Monte, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

El Monte, CA Housing Market Trends

With a population of 105,312, 29,660 total housing units (homes and apartments), and a median house value of $743,215, real estate costs in El Monte are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in El Monte, accounting for 52.88% of the city's housing units. Other types of housing that are prevalent in El Monte include large apartment complexes or high rise apartments ( 24.17%), row houses and other attached homes ( 9.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.27%).

People in El Monte primarily live in small (one, two or no bedroom) single-family detached homes. El Monte has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. El Monte's housing was primarily built during this period, from the '40s through the '60s. A full 49.51% of the city's housing hails from this era. Other housing ages represented in El Monte include homes built between 1970-1999 ( 32.00%) and housing constructed between 2000 and later ( 10.43%). There's also some housing in El Monte built before 1939 ( 8.07%).

El Monte Home Appreciation Rates

Appreciation rates for homes in El Monte have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.10%, which ranks in the top 30% nationwide. This equates to an annual average El Monte house appreciation rate of 7.24%.

Over the last year, El Monte appreciation rates have trailed the rest of the nation. In the last twelve months, El Monte's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in El Monte were at 0.15%, which equates to an annual appreciation rate of 0.59%.

Relative to California, our data show that El Monte's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within El Monte differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in El Monte - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best El Monte real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$743,215

El Monte, CA Home Prices
> $1,257,000
$943,001 - $1,257,000
$629,001 - $943,000
$503,001 - $629,000
$377,001 - $503,000
$251,001 - $377,000
$126,001 - $251,000
$63,001 - $126,000
$0 - $63,000
4.5%
4.5%
13.5%
13.5%
51.4%
51.4%
14.3%
14.3%
6.3%
6.3%
1.0%
1.0%
1.2%
1.2%
1.7%
1.7%
6.0%
6.0%
0% 100.0%
% of Homes
Average

for California

Very High

for nation

Number of Homes And Apartments:

29,660

El Monte Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,582 / per month

Homeownership Rate

Owners
Renters
39.0%
39.0%
61.0%
61.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.5%
3.5%
96.5%
96.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.4%
10.4%
32.0%
32.0%
49.5%
49.5%
8.1%
8.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
52.9%
52.9%
9.6%
9.6%
8.3%
8.3%
24.2%
24.2%
5.1%
5.1%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.4%
5.4%
14.4%
14.4%
34.5%
34.5%
32.1%
32.1%
11.8%
11.8%
1.7%
1.7%
0% 100.0%
% of Homes