Monterey Park

Little Taipei

Population

~61,000

Median Price

$889K

Price Range

$750K-$950K

Monterey Park holds the distinction of being America's first suburban Chinatown, establishing itself as a gateway to Asian culture in Los Angeles. The city is a culinary mecca featuring world-class Chinese restaurants, dim sum, and vibrant night markets along Atlantic Boulevard and Garvey Avenue. The multicultural, immigrant-friendly community supports multigenerational Asian families and entrepreneurs. With central location offering easy freeway access via the 10, 60, and 710, Monterey Park provides convenience and value. More affordable than nearby cities while maintaining strong community ties and food-centric culture, Monterey Park attracts families and business owners who appreciate authentic Asian cultural experiences, excellent dining, and real estate investment opportunities in a thriving, diverse community.

Key Highlights

America's first suburban Chinatown, known as "Little Taipei" and "The Chinese Beverly Hills" - a gateway to Asian culture in Los Angeles

Ranked #3 in America's Best Places to Live and #2 Best Place to Raise a Family by Money Magazine (2017)

Culinary paradise featuring world-class Chinese restaurants, authentic dim sum, and vibrant night markets along Atlantic Boulevard and Garvey Avenue

First city in the United States with a majority Asian-American city council and over 60% Asian-American population

Excellent central location with easy access via 10, 60, and 710 freeways - just 7 miles east of downtown Los Angeles

Housing Market

Median Home Price

$889K

Stable • Updated 2025-10-01

Average Prices by Type

Single-Family Home

$985K

Condo

$691K

Accolades & Recognition

#3 Best Places to Live in America

Ranked #3 in the entire United States for outstanding high school graduation rate, library accessibility, kid-friendly activities, cultural diversity, public safety, affordability and international cuisine

Source: Money MagazineDate: 2017