What is the rental vacancy rate in Monterey Park, CA?
The rental vacancy rate in Monterey Park, CA is 1.8% (±1.0 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.8% (±0.7 points).
1,488 (±285) homes, 6.7% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Monterey Park, the rental vacancy rate went from 1.7% in 2015–2019 to 1.8% in 2020–2024 (+0.1 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 1.8% (±1.0 points)
- Homeowner vacancy rate
- 0.8% (±0.7 points)
- Vacant homes
- 1,488 (±285)
Vacancy in Monterey Park against Los Angeles County, its state and the nation
| Monterey Park | Los Angeles County | California | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 1.8% (±1.0 points) | 4.0% (±0.1 points) | 4.2% (±0.1 points) | 5.5% |
| Homeowner vacancy rate | 0.8% (±0.7 points) | 0.7% (±0.1 points) | 0.8% (±0.1 points) | 0.9% |
| Vacant housing units | 1,488 (±285) | 234,017 (±5,084) | 1,096,644 (±18,928) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Monterey Park, the rental vacancy rate is lower than in Los Angeles County (4.0%).
It is also lower than in California (4.2%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near Monterey Park
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Monterey Park | — | 1.8% (±1.0 points) | — |
| South San Gabriel | 2.1 mi | 0.0% (±4.3 points) | Not measurably different |
| East Los Angeles | 2.3 mi | 1.4% (±0.5 points) | Not measurably different |
| Alhambra | 2.4 mi | 3.7% (±1.1 points) | Higher |
| Montebello | 2.6 mi | 1.6% (±1.1 points) | Not measurably different |
| Rosemead | 3.2 mi | 4.1% (±1.7 points) | Higher |
| San Gabriel | 3.8 mi | 5.1% (±2.0 points) | Higher |
| Commerce | 3.8 mi | 0.0% (±2.8 points) | Not measurably different |
| South Pasadena | 4.4 mi | 2.8% (±2.2 points) | Not measurably different |
Nearby places with a measurably higher figure: Alhambra, CA (3.7%), Rosemead, CA (4.1%), San Gabriel, CA (5.1%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Los Angeles County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 71 (tie) | Monrovia | 1.9% (±1.2 points) |
| 71 (tie) | South Gate | 1.9% (±0.7 points) |
| 71 (tie) | Willowbrook | 1.9% (±1.5 points) |
| 75 (tie) | Covina | 1.8% (±1.6 points) |
| 75 (tie) | Diamond Bar | 1.8% (±1.8 points) |
| 75 (tie) | Lawndale | 1.8% (±1.3 points) |
| 75 (tie) | Monterey Park | 1.8% (±1.0 points) |
| 79 (tie) | Bellflower | 1.7% (±1.0 points) |
| 79 (tie) | Carson | 1.7% (±1.3 points) |
| 81 (tie) | Lomita | 1.6% (±1.7 points) |
| 81 (tie) | Montebello | 1.6% (±1.1 points) |
| 81 (tie) | Westlake Village | 1.6% (±2.4 points) |
| 81 (tie) | Lennox | 1.6% (±1.4 points) |
Showing 13 of 140 places in Los Angeles County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Monterey Park
Is it hard to find a rental in Monterey Park?
The rental vacancy rate in Monterey Park, CA is 1.8% (±1.0 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Monterey Park tighter than it was?
In Monterey Park, the rental vacancy rate went from 1.7% in 2015–2019 to 1.8% in 2020–2024 (+0.1 percentage points), not a measurable change.
How many homes are vacant in Monterey Park?
An estimated 1,488 (±285) housing units, 6.7% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Monterey Park city, California
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Monterey Park city, California
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Monterey Park city, California (place:48914, in state:06).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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