Monrovia, CA is a city with a very high median housing value compared to the United States as a whole. The median value of homes in Monrovia is $869,300, nearly three times the US median of $338,100. Similarly, the one year house appreciation for Monrovia is 11.31%, more than 8.27% for the US as a whole. This demonstrates that Monrovia is an expensive and desirable place to live and invest in real estate, suggesting that it has been a wise choice for those who have purchased housing in this city.
The median home cost in Monrovia is $869,300. Home appreciation the last 10 years has been 113.1%. Home Appreciation in Monrovia is up 15.4%.
Average Age of Homes
- The median age of Monrovia real estate is 56 years old
The Rental Market in Monrovia
- Renters make up 47.3% of the Monrovia population
- 2.8% of houses and apartments in Monrovia, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.