Monrovia, IN—46157
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monrovia, IN
As of Oct '25, the median home price in Monrovia, IN is $301,000, with a year-over-year change of 2.8%. This indicates that home prices in Monrovia, IN are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $301,000 | 2.8% |
| Single Family | $301,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $244,000 | 4.3% |
3 Bed | $289,000 | 2.8% |
4 Bed | $313,000 | 1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Monrovia, IN
As of July '25, Rentcast reports the average rent in Monrovia, IN is $2,010, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Monrovia, IN is 3-bedrooms: $1,930, 4-bedrooms: $1,750. The most common rental property sizes in Monrovia, IN are 2-bedroom and 3-bedroom, accounting for 69.1% and 16.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,010 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,900 | $1,930 |
| 4 Bed Rent | $1,750 | $1,750 |
% of Rental Stock
Property Listings — Monrovia, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Monrovia, IN is 73. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 52.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $320,000 | 1.0% |
Listing Count | 27 | -14.0% |
| Listings as % of Homes | 1.3% | -14.0% |
Days on Market | 73 | 23.0% |
Demographics — Monrovia, IN
As of the latest ACS Survey released in 2023, Monrovia, IN has a population of 4,370, which has increased by 8.0% over the past 5 years. Monrovia, IN is a popular place for families, as children make up 28.7% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,370 | 8.0% |
% Under 18 | 28.7% | 6.7% |
% Seniors | 11.8% | -5.6% |
% WFH | 14.8% | 289.5% |
% w/ College Degree | 19.5% | -2.5% |
As of the latest ACS Survey released in 2023, Monrovia, IN is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Monrovia, IN is hispanic, making up 2.7% of the population. Foreign-born residents account for 1.5% of the population in Monrovia, IN, and this percentage has increased by 114.3% 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 | 90.0% | -6.2% |
% Black | 1.8% | ∞% |
% Hispanic | 2.7% | 92.9% |
% Asian | 1.1% | 0.0% |
% Foreign Born | 1.5% | 114.3% |
Mortgage and Risk — Monrovia, IN
According to HUD data as of 2023, there were 81 mortgage originations in Monrovia, IN, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Monrovia, IN. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 81 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Monrovia, IN
Monrovia, IN 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 | $1,040 |
| 2 Bedroom | N/A | N/A | $1,220 |
| 3 Bedroom | -$310 | $1,900 | $1,590 |
| 4 Bedroom | $170 | $1,750 | $1,920 |
Affordability — Monrovia, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $301,000 |
| Median Household Income | $74,300 |