Home Insurance in Monterey Park, California
The median home value in Monterey Park is $863,000, close to the Los Angeles County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Monterey Park was built around 1963. About 45% of homes were built before 1960, about 2 points above Los Angeles County's 43%.
The housing stock in Monterey Park is 67% single-family homes and 24% apartments in buildings with 5+ units.
About 54% of owner-occupied homes in Monterey Park have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Monterey Park has an owner-occupancy rate of 52% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
62% of homes in Monterey Park are primarily heated with natural gas.
Los Angeles County had 12,157 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is inland flooding (Very High). See the full Los Angeles County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
In California, the statewide average premium for a standard HO-3 homeowners policy is $1,655 per year (NAIC, 2023 data).
Key figures
| Median home value | $863,000 |
|---|---|
| Median year built | 1963 |
| Owner-occupied share | 52% |
| Share of owner-occupied homes with a mortgage | 54% |
| Top county hazard | Inland Flooding (Very High) |
| Active NFIP policies in Los Angeles County | 12,157 |
| Home insurance premium | $1,655 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)