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
With 37,463 people, 13,048 houses or apartments, and a median cost of homes of $647,029, real estate costs in Monrovia are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Monrovia, accounting for 54.45% of the city's housing units. Other types of housing that are prevalent in Monrovia include large apartment complexes or high rise apartments ( 22.38%), row houses and other attached homes ( 12.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.78%).
People in Monrovia primarily live in small (one, two or no bedroom) single-family detached homes. Monrovia has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Monrovia's housing was primarily built during this period, from the '40s through the '60s. A full 44.92% of the city's housing hails from this era. Other housing ages represented in Monrovia include homes built between 1970-1999 ( 28.63%) and housing constructed before 1939 ( 20.31%). There's also some housing in Monrovia built between 2000 and later ( 6.15%).
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 8.25%, which ranks in the top 40% nationwide. This equates to an annual average Monrovia house appreciation rate of 0.80%.
NeighborhoodScout's data show that during the latest twelve months, Monrovia's appreciation rate, at 5.32%, has been at or slightly above the national average. In the latest quarter, Monrovia's appreciation rate has been 1.99%, which annualizes to a rate of 8.20%.
Importantly, this makes Monrovia one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that Monrovia's latest annual appreciation rate is lower than 80% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Monrovia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Monrovia - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Monrovia real estate investment or home purchase decisions.
|$936,001 - $1,247,000||9.9|
|$624,001 - $936,000||37.7|
|$499,001 - $624,000||23.9|
|$374,001 - $499,000||15.2|
|$250,001 - $374,000||5.5|
|$125,001 - $250,000||0.9|
|$62,001 - $125,000||0.4|
|$0 - $62,000||2.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Monrovia HOMES|
|2000 or Newer||6.1|
|1970 - 1999||28.6|
|1940 - 1969||44.9|
|1939 or Older||20.3|
|TYPE OF Monrovia HOMES|
|Small Apt. Buildings||9.8|
|SIZE OF Monrovia HOMES|
|5 or more bedrooms||2.40|