With 2,827 residents, Montecito Park is an average-sized neighborhood in Glendale. However, with a 5.6% increase over the last 10 years, it ranks first in terms of growth. Keep in mind, most people in Montecito Park are renters, with 59.3% of the population renting their home.
The median value of homes in Montecito Park is $570,504, making the area almost identical to others in Glendale. At the same time, the average list price of available homes is presently $737,885. With three homes sold in the Montecito Park market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with two new listings for buyers to choose from.
Wonder which homes are generating the most buzz? Here are the most viewed listings in Montecito Park:
The typical dwelling in Montecito Park is a two-bedroom condo worth about $419,143. To purchase a similar home, a buyer with good credit and a $83,829 cash down payment could obtain a mortgage with a 3.95% interest rate and a $3,035 monthly payment. The property tax rate is $7.73 per $1,000 of taxable assessed value.