Zip 91016 (Monrovia, CA) Housing

Monrovia is a city in Los Angeles County, California with a population of 37,000. The median value of housing in Monrovia is $927,700, which is substantially higher than the US house median value of $338,100. This reflects the competitive housing market in Monrovia and the high demand for property in this area. The appreciation rate for houses in Monrovia over the last year was 11.31%, significantly higher than the US 1 year house appreciation rate of 8.27%. This indicates that investing in real estate in Monrovia is a wise decision and can be expected to lead to long-term growth of value over time.

The median home cost in Monrovia (zip 91016) is $927,700. Home appreciation the last 10 years has been 113.1%. Home Appreciation in Monrovia (zip 91016) is up 15.4%.

Average Age of Homes

- The median age of Monrovia (zip 91016) real estate is 58 years old

The Rental Market in Monrovia (zip 91016)

- Renters make up 45.4% of the Monrovia (zip 91016) population
- 2.6% of houses and apartments in Monrovia (zip 91016), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Monrovia, California	United States
	15,658.0	139,647,020.0
	61	42
	$927,700	$338,100
	15.4%	16.6%
	46.0%	57.0%
	113.1%	101.1%
	$7.23	$10.98
	$5,118	$2,690
	47.3%	57.4%
	6.1%	11.2%
	46.6%	31.4%
Vacant Housing
	2.6%	1.9%
	0.0%	0.4%
	0.1%	0.7%
	0.3%	0.4%
	0.5%	3.6%
	2.6%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	0.5%	2.4%
	0.9%	2.8%
	0.7%	3.9%
	0.1%	4.5%
	0.9%	11.3%
	0.3%	13.0%
	0.4%	20.1%
	3.1%	13.6%
	8.0%	8.3%
	41.2%	9.7%
	32.4%	3.9%
	8.3%	2.2%
	1.2%	0.8%
	1.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.5%	13.6%
	5.5%	13.6%
	5.9%	13.6%
	10.5%	13.2%
	12.5%	14.8%
	5.9%	13.6%
	20.0%	10.0%
	13.5%	4.7%
	16.2%	12.2%

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