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Monrovia, IN—46157

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$301,000
2.6% YoY Growth
Household Income
$74,300
3.4% YoY Growth
Days on Market
87
35.0% Longer YoY
Home Price Forecast
2.5%
Median Rent
$1,900
0.5% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,900
0.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Monrovia, IN

As of Dec '25, the median home price in Monrovia, IN is $301,000, with a year-over-year change of 2.6%. This indicates that home prices in Monrovia, IN are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$301,0002.6%
Single Family $301,0002.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$245,0004.3%
    3 Bed
    		$289,0002.5%
    4 Bed
    		$313,0001.6%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    0.5%
    2 Bedrooms
    16.2%
    3 Bedrooms
    59.7%
    4 Bedrooms
    19.2%
    5+ Bedrooms
    4.5%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,900$2,010
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $1,900$1,930
    4 Bed Rent $1,750$1,750
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    % of Rental Stock

    1 Bedroom
    4.9%
    2 Bedrooms
    69.1%
    3 Bedrooms
    16.0%
    4 Bedrooms
    9.9%

    Property Listings — Monrovia, IN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Monrovia, IN is 66. This is a increase of 34.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$320,0006.0%
    Listing Count
    		22-30.0%
    Listings as % of Homes1.3%-30.0%
    Days on Market
    		8735.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		4,3708.0%
    % Under 18
    		28.7%6.7%
    % Seniors
    		11.8%-5.6%
    % WFH
    		14.8%289.5%
    % w/ College Degree
    		19.5%-2.5%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,040
    2 BedroomN/AN/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

    MetricZip Code Average
    Home Price to Income Ratio3.7
    Median Home Price$301,000
    Median Household Income$74,300

    Monrovia, IN — ZIP Code Boundary Map

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    Frequently Asked Questions