Monrovia, CA—91016
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monrovia, CA
As of Oct '25, the median home price in Monrovia, CA is $967,000, with a year-over-year change of -0.6%. This indicates that home prices in Monrovia, CA are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $967,000 | -0.6% |
| Single Family | $998,000 | -1.0% |
| Condos | $658,000 | -0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $655,000 | -5.5% |
2 Bed | $795,000 | -1.5% |
3 Bed | $998,000 | -1.0% |
4 Bed | $1,138,000 | -0.7% |
| 5 Bed | $1,533,000 | -1.0% |
% of Housing Stock
Rental Trends — Monrovia, CA
As of July '25, Rentcast reports the average rent in Monrovia, CA is $3,030, with a year-over-year rent change of -8.2%. Per bedroom, the median rent as of July '25 in Monrovia, CA is studios: $2,270, 1-bedrooms: $2,030, 2-bedrooms: $2,740, 3-bedrooms: $3,940, 4-bedrooms: $4,960. The most common rental property sizes in Monrovia, CA are 2-bedroom and 1-bedroom, accounting for 49.6% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $3,030 |
| Studio Rent | $2,000 | $2,270 |
| 1 Bed Rent | $2,050 | $2,030 |
| 2 Bed Rent | $2,600 | $2,740 |
| 3 Bed Rent | $3,720 | $3,940 |
| 4 Bed Rent | $3,950 | $4,960 |
% of Rental Stock
Property Listings — Monrovia, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Monrovia, CA is 48. This is a increase of 26.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,040,000 | 1.0% |
Listing Count | 62 | 1.0% |
| Listings as % of Homes | 0.3% | 1.0% |
Days on Market | 48 | 26.0% |
Demographics — Monrovia, CA
As of the latest ACS Survey released in 2023, Monrovia, CA has a population of 41,700, which has remained stable by 0.1% over the past 5 years. Monrovia, CA is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 43.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,700 | 0.1% |
% Under 18 | 22.3% | 5.2% |
% Seniors | 14.3% | 5.9% |
% WFH | 16.5% | 170.5% |
% w/ College Degree | 43.9% | 24.0% |
As of the latest ACS Survey released in 2023, Monrovia, CA is a predominantly hispanic area, with 43.2% of the population identifying as hispanic. The hispanic population has grown by 2.9% in the last 5 years. The second most common race or ethnicity in Monrovia, CA is white, making up 29.9% of the population. Foreign-born residents account for 23.9% of the population in Monrovia, CA, and this percentage has decreased by 8.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 29.9% | -13.6% |
% Black | 5.7% | -1.7% |
% Hispanic | 43.2% | 2.9% |
% Asian | 15.7% | 13.8% |
% Foreign Born | 23.9% | -8.1% |
Mortgage and Risk — Monrovia, CA
According to HUD data as of 2023, there were 325 mortgage originations in Monrovia, CA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Monrovia, CA. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 325 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Monrovia, CA
As of 2024, the percent of homes in Monrovia, CA under the Section 8 program is 3.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Monrovia, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 275 |
Total Units Section 8 | 275 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 61.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $2,050 | $2,090 |
| 2 Bedroom | $40 | $2,600 | $2,640 |
| 3 Bedroom | -$370 | $3,720 | $3,350 |
| 4 Bedroom | -$230 | $3,950 | $3,720 |
Affordability — Monrovia, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.3 |
| Median Home Price | $967,000 |
| Median Household Income | $99,600 |