January's First-Time Homebuyer Report for Montebello

The population of Montebello is less affluent than average compared to others in California with a median income of $46,585 per household. It's also considered an expensive city in terms of affordability with a cost of living adjustment score of 136.6. With a median age of 47 years, homes in Montebello tend to be older than most. The top school in the city is Potrero Heights Elementary School.

Culture

If you're looking to explore the best restaurants in Montebello, then check out In-N-Out Burger, Alondra Hot Wings, and Arry's Super Burger, Foursquare's most popular places to eat. If you'd like to grab a drink, a popular spot is Club Chico. Lastly, Starbucks is a well-known place to get some coffee.

Price Range

Homes in Montebello are generally more expensive than others in the state with a median home value of $320,300 and an average list price of $497,998. The Montebello market got good news in this week's report, as the number of home sales rocketed 29.4%, pushing the total to 22 homes sold over the last 30 days.

Out of all the listings in Montebello, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$499K   $249K   $250K  

Typical Dwelling

A three-bedroom detached home valued around $523,364 is considered a typical dwelling in Montebello. If a buyer was looking for a similar home, they would need good credit and a $104,673 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,089 and the property tax rate is $7.73 per $1,000 of taxable assessed value.

Get started right now by checking out Montebello homes for sale or reviewing Montebello real estate trends.


Data reported through 1/12/2017

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