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Montebello

Learn about the people, housing, costs and businesses in Montebello, California

Median Home$680,932
Median Rent$1,820/month
Population61,385
Leading IndustriesTransportation · Finance & Insurance · Information & Media4% transportation
Home Value Growth⬆⬆+19.5% over 2 years
Young Adults29% of residentsslightly above average
Renters54% of occupied units
NotableAmenity Score75/100 · highly walkable area
Montebello
CA

Frequently Asked Questions

What are today's mortgage rates in Montebello?

As of today, the 30-year fixed mortgage rate for Montebello is approximately 6.794% (6.826% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Montebello?

The median home value in Montebello is $681k. The median monthly rent is $1,820. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Montebello?

Home values in Montebello have increased 19.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Montebello?

Based on a typical all-in ownership cost of $1,823/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $78k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Montebello is $80k/year.

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What industries drive the economy in Montebello?

The largest employment sectors in Montebello are public administration (24%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.