Monrovia, MD—21770
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monrovia, MD
As of Oct '25, the median home price in Monrovia, MD is $656,000, with a year-over-year change of 2.0%. This indicates that home prices in Monrovia, MD are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $656,000 | 2.0% |
| Single Family | $657,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $555,000 | 1.5% |
4 Bed | $694,000 | 1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Monrovia, MD
As of July '25, Rentcast reports the average rent in Monrovia, MD is $3,660, with a year-over-year rent change of 14.4%. Per bedroom, the median rent as of July '25 in Monrovia, MD is 3-bedrooms: $3,250, 4-bedrooms: $3,370. The most common rental property sizes in Monrovia, MD are 1-bedroom and 3-bedroom, accounting for 40.8% and 38.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,000 | $3,250 |
| 4 Bed Rent | $3,400 | $3,370 |
% of Rental Stock
Property Listings — Monrovia, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Monrovia, MD is 22. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $615,000 | -23.0% |
Listing Count | 26 | 129.0% |
| Listings as % of Homes | 1.0% | 129.0% |
Days on Market | 22 | -10.0% |
Demographics — Monrovia, MD
As of the latest ACS Survey released in 2023, Monrovia, MD has a population of 7,820, which has increased by 43.3% over the past 5 years. Monrovia, MD is a moderately popular place for families, as children make up 21.8% of the population. The area has a highly educated workforce, with 54.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,820 | 43.3% |
% Under 18 | 21.8% | 6.9% |
% Seniors | 18.9% | 25.2% |
% WFH | 25.7% | 242.7% |
% w/ College Degree | 54.5% | 26.5% |
As of the latest ACS Survey released in 2023, Monrovia, MD is a predominantly white area, with 76.0% of the population identifying as white. The white population has shrunk by 11.4% in the last 5 years. The second most common race or ethnicity in Monrovia, MD is asian, making up 12.0% of the population. Foreign-born residents account for 13.8% of the population in Monrovia, MD, and this percentage has increased by 165.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.0% | -11.4% |
% Black | 5.0% | 138.1% |
% Hispanic | 3.9% | -41.8% |
% Asian | 12.0% | 361.5% |
% Foreign Born | 13.8% | 165.4% |
Mortgage and Risk — Monrovia, MD
According to HUD data as of 2023, there were 187 mortgage originations in Monrovia, MD, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Monrovia, MD. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 187 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Monrovia, MD
Monrovia, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,960 |
| 2 Bedroom | N/A | N/A | $2,230 |
| 3 Bedroom | -$200 | $3,000 | $2,800 |
| 4 Bedroom | -$120 | $3,400 | $3,280 |
Affordability — Monrovia, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $656,000 |
| Median Household Income | $184,000 |