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Monrovia, MD—21770

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$669,000
0.5% YoY Growth
Household Income
$184,000
37.5% YoY Growth
Days on Market
18
38.0% Shorter YoY
Home Price Forecast
-1.0%
Median Rent
$3,500
14.4% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$3,000
16.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Monrovia, MD

As of May '26, the median home price in Monrovia, MD is $669,000, with a year-over-year change of 0.5%. This indicates that home prices in Monrovia, MD are flat. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$669,0000.5%
Single Family $670,0000.4%
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
    		N/AN/A
    3 Bed
    		$564,000-0.2%
    4 Bed
    		$708,0000.3%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.7%
    1 Bedroom
    0.8%
    2 Bedrooms
    0.7%
    3 Bedrooms
    24.7%
    4 Bedrooms
    42.8%
    5+ Bedrooms
    30.3%

    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.

    TypeMedian RentAverage Rent
    Average Rent$3,500$3,660
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $3,000$3,250
    4 Bed Rent $3,400$3,370
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    % of Rental Stock

    1 Bedroom
    40.8%
    3 Bedrooms
    38.8%
    4 Bedrooms
    20.4%

    Property Listings — Monrovia, MD

    As of May '26, Realtor.com reports that the median days on market for a home in Monrovia, MD is 18. This is a decrease of -38.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$870,000-12.0%
    Listing Count
    		2316.0%
    Listings as % of Homes1.0%16.0%
    Days on Market
    		18-38.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		7,82043.3%
    % Under 18
    		21.8%6.9%
    % Seniors
    		18.9%25.2%
    % WFH
    		25.7%242.7%
    % w/ College Degree
    		54.5%26.5%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,960
    2 BedroomN/AN/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

    MetricZip Code Average
    Home Price to Income Ratio3.3
    Median Home Price$669,000
    Median Household Income$184,000

    Monrovia, MD — ZIP Code Boundary Map

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    Frequently Asked Questions