Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,954, 553 total housing units (homes and apartments), and a median house value of $293,603, Monrovia real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Monrovia, accounting for 96.53% of the town's housing units. Other types of housing that are prevalent in Monrovia include large apartment complexes or high rise apartments ( 1.04%), row houses and other attached homes ( 1.04%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Monrovia. Owner-occupied housing accounts for 91.14% of Monrovia's homes, and 83.68% have either three or four bedrooms, which is average sized relative to America.
Monrovia homes and real estate are some of the newest in America. 61.63% of Monrovia's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Monrovia real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 16.15%), and between 1970-1999 ( 13.72%). There's also some housing in Monrovia built before 1939 ( 8.51%).
Appreciation rates for homes in Monrovia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.68%, which ranks in the top 50% nationwide. This equates to an annual average Monrovia house appreciation rate of 6.67%.
Over the last year, Monrovia appreciation rates have trailed the rest of the nation. In the last twelve months, Monrovia's appreciation rate has been 3.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Monrovia were at -0.17%, which equates to an annual appreciation rate of -0.68%.
Notably, Monrovia's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that Monrovia's latest annual appreciation rate is lower than 80% of the other cities and towns in Indiana.
$293,603
for Indiana
for nation
553
$1,210 / per month