Monrovia, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Monrovia Neighborhoods Since 2000




Monrovia, IN 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 1,427 people, 543 houses or apartments, and a median cost of homes of $177,796, Monrovia real estate is some of the most expensive in Indiana, although Monrovia home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Monrovia, accounting for 95.24% of the town's housing units. Other types of housing that are prevalent in Monrovia include duplexes, homes converted to apartments or other small apartment buildings ( 4.76%).

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 83.79% of Monrovia's homes, and 76.01% 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. 45.86% 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 ( 19.93%), and between 1970-1999 ( 17.64%). There's also some housing in Monrovia built before 1939 ( 16.58%).

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 9.52%, which ranks in the top 30% nationwide. This equates to an annual average Monrovia house appreciation rate of 0.91%.

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 2.64%, 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 -0.60%, which equates to an annual appreciation rate of -2.40%.

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 60% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$177,796

Monrovia, IN HOME PRICES

Value Range
> $1,097,000 1.2
$822,001 - $1,097,000 0.0
$548,001 - $822,000 2.3
$439,001 - $548,000 0.7
$329,001 - $439,000 3.9
$219,001 - $329,000 26.8
$110,001 - $219,000 42.1
$55,001 - $110,000 17.5
$0 - $55,000 5.4

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
38.8726122114145 13.3484162895928

Number Of Homes And Apartments:
543

Monrovia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
23.07% 1.21% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$996 / per month

Homeownership Rate

Homeownership
Owners 83.79
Renters 16.21
Vacant 4.23

Housing Market Details

 

Age of Homes

AGE OF Monrovia HOMES
2000 or Newer 45.9
1970 - 1999 17.6
1940 - 1969 19.9
1939 or Older 16.6

Types of Homes

TYPE OF Monrovia HOMES
Single-Family 95.2
Townhomes 0.0
Small Apt. Buildings 4.8
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Monrovia HOMES
No Bedroom 2.82
1 Bedroom 2.29
2 Bedrooms 14.29
3 Bedrooms 55.03
4 Bedrooms 20.99
5 or more bedrooms 4.59