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Real Estate Prices & Overview

Median real estate price in the City Center of Monrovia is $865,180, which is more expensive than 49.4% of the neighborhoods in California and 86.7% of the neighborhoods in the U.S.

The average rental price in Monrovia City Center is currently $3,308, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 46.2% of California neighborhoods.

Monrovia City Center is an urban neighborhood (based on population density) located in Monrovia, California.

Real estate in the City Center of Monrovia, CA is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Monrovia City Center, the current vacancy rate is 2.3%, which is a lower rate of vacancies than 84.9% of all neighborhoods in the U.S. This means that the housing supply in Monrovia City Center is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Diversity

Significantly, 1.1% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 97.6% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the City Center neighborhood in Monrovia are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 80.2% of the neighborhoods in America. With 16.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.2% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Monrovia City Center neighborhood, 47.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 21.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.7%), and 13.6% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Monrovia City Center neighborhood is English, spoken by 52.0% of households. Other important languages spoken here include Spanish, Chinese and African languages.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the City Center neighborhood in Monrovia, CA, residents most commonly identify their ethnicity or ancestry as Mexican (48.1%). There are also a number of people of Asian ancestry (13.3%), and residents who report German roots (5.3%), and some of the residents are also of English ancestry (5.2%), along with some Irish ancestry residents (4.5%), among others. In addition, 26.0% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Monrovia City Center neighborhood spend between 30 and 45 minutes commuting one-way to work (42.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (78.7%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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