Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Monrovia area can be challenging. Home prices in Monrovia are now at a median cost of $479,765, higher than the Maryland average of $357,815.
The average cost of rent is $1,812/mo in Monrovia, primarily driven by the current value of real estate in the Monrovia area. While nearly 20.11% of residents own their homes outright in Monrovia, 4.08% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monrovia is $12,182 per month. Households that rent pay about 14.87% of their income on rent here. Monrovia's most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Ijamsville, MD: higher priced homes
- New Market, MD: equally priced homes
- Urbana, MD: equally priced homes
- Linganore, MD: equally priced homes
- Damascus, MD: less expensive homes
- Mount Airy, MD: less expensive homes
- Clarksburg, MD: equally priced homes
- Ballenger Creek, MD: less expensive homes
- Oldfield, MD: less expensive homes
- Woodbine, MD: higher priced homes
Cities with Similar Populations
- Wilmington Manor, DE: less expensive homes
- Lamar, CO: less expensive homes
- Wise, VA: less expensive homes
- Winthrop Harbor, IL: less expensive homes
- Winterset, IA: less expensive homes
- Winston, OR: less expensive homes
- Winslow, ME: less expensive homes
- Winnfield, LA: less expensive homes
- Winnabow, NC: less expensive homes
- Winchester, CA: higher priced homes
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