The housing market in Monrovia, Indiana (46157) has seen a dramatic appreciation over the last year. The median value of homes in the area is $264,800 which is much lower than the national median value of $338,100. However, the 1 year house appreciation for Monrovia has been 13.55%, significantly higher than the 8.27% national average. This highlights that despite having a lower median home value than the national average, Monrovia’s housing market is rapidly growing and increasing in value.
The median home cost in Monrovia (zip 46157) is $264,800. Home appreciation the last 10 years has been 95.7%. Home Appreciation in Monrovia (zip 46157) is up 17.9%.
Average Age of Homes
- The median age of Monrovia (zip 46157) real estate is 27 years old
The Rental Market in Monrovia (zip 46157)
- Renters make up 11.6% of the Monrovia (zip 46157) population
- 0.0% of houses and apartments in Monrovia (zip 46157), 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.