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

Estimate (90% margin of error)
Monterey ParkLos Angeles CountyCaliforniaUnited States
Rental vacancy rate1.8% (±1.0 points)4.0% (±0.1 points)4.2% (±0.1 points)5.5%
Homeowner vacancy rate0.8% (±0.7 points)0.7% (±0.1 points)0.8% (±0.1 points)0.9%
Vacant housing units1,488 (±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

Nearest places with a published estimate, compared with Monterey Park
PlaceDistanceRental vacancy rateCompared with this place
Monterey Park—1.8% (±1.0 points)—
South San Gabriel2.1 mi0.0% (±4.3 points)Not measurably different
East Los Angeles2.3 mi1.4% (±0.5 points)Not measurably different
Alhambra2.4 mi3.7% (±1.1 points)Higher
Montebello2.6 mi1.6% (±1.1 points)Not measurably different
Rosemead3.2 mi4.1% (±1.7 points)Higher
San Gabriel3.8 mi5.1% (±2.0 points)Higher
Commerce3.8 mi0.0% (±2.8 points)Not measurably different
South Pasadena4.4 mi2.8% (±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

RankPlaceRental vacancy rate
71 (tie)Monrovia1.9% (±1.2 points)
71 (tie)South Gate1.9% (±0.7 points)
71 (tie)Willowbrook1.9% (±1.5 points)
75 (tie)Covina1.8% (±1.6 points)
75 (tie)Diamond Bar1.8% (±1.8 points)
75 (tie)Lawndale1.8% (±1.3 points)
75 (tie)Monterey Park1.8% (±1.0 points)
79 (tie)Bellflower1.7% (±1.0 points)
79 (tie)Carson1.7% (±1.3 points)
81 (tie)Lomita1.6% (±1.7 points)
81 (tie)Montebello1.6% (±1.1 points)
81 (tie)Westlake Village1.6% (±2.4 points)
81 (tie)Lennox1.6% (±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

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.

Request a Census API 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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