Monrovia, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Monrovia Neighborhoods Since 2000




Monrovia, CA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Monrovia Housing Market Information

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%).

Monrovia Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$647,029

Monrovia, CA HOME PRICES

Value Range
> $1,247,000 4.4
$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

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
3.21692253603656 26.1904761904762

Number Of Homes And Apartments:
13,048

Monrovia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
148.46% 5.42% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,746 / per month

Homeownership Rate

Homeownership
Owners 48.48
Renters 51.52
Vacant 6.44

Housing Market Details

 

Age of Homes

AGE OF Monrovia HOMES
2000 or Newer 6.1
1970 - 1999 28.6
1940 - 1969 44.9
1939 or Older 20.3

Types of Homes

TYPE OF Monrovia HOMES
Single-Family 54.4
Townhomes 12.5
Small Apt. Buildings 9.8
Apt. Complexes 22.4
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Monrovia HOMES
No Bedroom 2.25
1 Bedroom 17.69
2 Bedrooms 39.03
3 Bedrooms 28.14
4 Bedrooms 10.49
5 or more bedrooms 2.40