Monrovia, CA 91016 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Monrovia, CA—91016

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$957,000

0.7% YoY Growth

Household Income

$99,600

34.4% YoY Growth

Days on Market

4.0% Longer YoY

Home Price Forecast

0.9%

Median Rent

$2,800

8.2% YoY Growth

1-Bed Rent

$2,050

4.7% YoY Growth

2-Bed Rent

$2,600

11.0% YoY Growth

3-Bed Rent

$3,720

3.4% YoY Growth

Home Price Trends — Monrovia, CA

As of Nov '25, the median home price in Monrovia, CA is $957,000, with a year-over-year change of -0.7%. This indicates that home prices in Monrovia, CA are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$957,000	-0.7%
Single Family	$988,000	-0.6%
Condos	$643,000	-0.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.5%

1 Bedroom

26.3%

2 Bedrooms

49.6%

3 Bedrooms

14.4%

4 Bedrooms

5.6%

5+ Bedrooms

0.6%

Property Listings — Monrovia, CA

As of Nov '25, Realtor.com reports that the median days on market for a home in Monrovia, CA is 45. This is a increase of 4.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$876,000	-7.0%
Listing Count	60	-3.0%
Listings as % of Homes	0.3%	-3.0%
Days on Market	45	4.0%

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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%

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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%

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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%

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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

Monrovia, CA—91016

Key Metrics at a Glance

Home Price Trends — Monrovia, CA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Monrovia, CA

% of Rental Stock

Property Listings — Monrovia, CA

Demographics — Monrovia, CA

Race and Ethnicity

Mortgage and Risk — Monrovia, CA

Mortgages

Rentals and Section 8 — Monrovia, CA

Section 8 Market Size

Section 8 Opportunity

Affordability — Monrovia, CA

Home Price to Income Ratio

Monrovia, CA — ZIP Code Boundary Map

Nearby ZIP Codes

Arcadia, CA

Bradbury, CA

Duarte, CA

Sierra Madre, CA

Arcadia, CA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	9.2
Median Home Price	$957,000
Median Household Income	$99,600

Monrovia, CA—91016

Key Metrics at a Glance

Home Price Trends — Monrovia, CA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Monrovia, CA

% of Rental Stock

Property Listings — Monrovia, CA

Demographics — Monrovia, CA

Race and Ethnicity

Mortgage and Risk — Monrovia, CA

Mortgages

Rentals and Section 8 — Monrovia, CA

Section 8 Market Size

Section 8 Opportunity

Affordability — Monrovia, CA

Home Price to Income Ratio

Monrovia, CA — ZIP Code Boundary Map

Nearby ZIP Codes

Arcadia, CA

Bradbury, CA

Duarte, CA

Sierra Madre, CA

Arcadia, CA

Frequently Asked Questions

What is the average home price in Monrovia, CA 91016?

How have home prices in Monrovia, CA 91016 changed over the past year?

What is the home price projection for Monrovia, CA 91016?

What are the demographics of Monrovia, CA 91016?

How long does it take homes to sell in Monrovia, CA 91016?

What is the average rent price in Monrovia, CA 91016?