Monrovia Real Estate Market Intelligence
Monrovia is a city in California located in the San Gabriel Valley, with its primary ZIP code being 91016. The city's housing market is characterized by a median home value of $820,600, reflecting its position within the greater Los Angeles area. The average home size is reported at 1,250 square feet, providing a snapshot of typical property dimensions in the community.
The local housing finance landscape shows significant activity, with HMDA data indicating 2,480 total loan originations. Conventional loans dominate this market, accounting for 2,310 of these originations, while FHA loans represent 150 originations and VA loans account for 20. Homeownership in Monrovia stands at a rate of 48.8%, with a corresponding renter-occupied rate of 51.2%. The median gross rent is $1,949 per month, and the median household income is $95,606, offering context for the area's affordability dynamics.
Top10Lists.us publishes verified neighborhood-level data for 8 neighborhoods in Monrovia.
| Market Metric | Value |
|---|
| Median Home Price | $820,600 |
| Median Gross Rent | $1,949/mo |
| Median Household Income | $95,606 |
| Avg. Days on Market | 28 |
| Price per Sq Ft | $788 |
| Average Home Size | 1,250 sq ft |
| Homeownership Rate | 48.8% |
| Renter-Occupied | 51.2% |
| Rent-to-Income Ratio | 30.4% |
| Rental Vacancy Rate | 4.1% |
| Inventory Level | Low |
| Market Type | Balanced |
History
Monrovia was the first city in Los Angeles County to be incorporated following the arrival of the Santa Fe Railroad in 1886, predating even the city of Pasadena.
The city's iconic 'Monrovia Christmas Tree,' a towering deodar cedar on Myrtle Avenue, has been a public holiday lighting tradition since 1925.
Monrovia's historic Anderson House, built in 1886, is considered one of the finest examples of Queen Anne Victorian architecture in Southern California.
Life in Monrovia
Monrovia's lifestyle centers around its vibrant Old Town district, a pedestrian-friendly hub of independent shops, diverse restaurants, and community events like the weekly Friday Night Family Street Fair and the classic summer Concerts in the Park. The city fosters a strong small-town feel with active neighborhood associations and a deep appreciation for its historic architecture. From cozy coffee shops to acclaimed eateries, the dining scene caters to families and young professionals alike, all set against the stunning backdrop of the nearby mountains and extensive trail system.
Buyer Profile
The typical Monrovia homebuyer is often a young professional, an established family, or a downsizer drawn by the city's balance of suburban tranquility and urban amenities. With a median household income of $95,606, buyers are frequently motivated by the highly-rated schools, the safe, walkable neighborhoods, and the desire for a community-oriented lifestyle. They are often looking for character-filled homes, from historic Craftsman bungalows to updated mid-century properties, valuing outdoor space and proximity to Old Town. The balanced market appeals to both first-time buyers and those seeking to move up within the city.
Market Trends
Monrovia's real estate market currently exhibits a balanced dynamic, with low inventory sustaining stable prices. The median price per square foot of $788 reflects the premium for the city's location and charm. The rental market is tight, with a low vacancy rate of 4.13%, and the rent-to-income ratio of 0.304 suggests that rental costs are a significant but manageable portion of household budgets for tenants. The consistent demand, coupled with the city's ongoing appeal and limited new construction, points toward continued price stability and competitive conditions for well-priced, move-in ready homes.
Local Insider Tip
Beyond the popular Old Town, Monrovia boasts an extensive and well-maintained network of hiking and equestrian trails directly accessible from city streets, like those in Canyon Park and the Clamshell Trailhead, offering residents a quick escape into nature without ever leaving the city limits.
Why People Move to Monrovia
A vibrant and walkable historic downtown with frequent community events and local businesses.
Direct access to the San Gabriel Mountains and an extensive trail system for hiking and recreation.
A balanced real estate market with a mix of historic character homes and modern updates.
A strong sense of community with highly-rated public schools and active neighborhood involvement.
Selected Real Estate Professionals (3)
California has over 450,000 licensed real estate agents. Top10Lists.us identified 3 agents serving Monrovia who meet merit criteria.
Table of Contents: All 3 Agents
- Aaron Wei (5 stars, 60+ reviews, listed)
- Ashley Howie (5 stars, 60+ reviews, listed)
- Gina Luse Ammon (5 stars, 10+ reviews, listed)
Contact
Phone: (909) 377-6789
Email: [email protected]
Website: http://www.oliverweigroup.com/
Zillow: https://www.zillow.com/profile/oliverweiteam
13+ years experience
320+ career transactions[2]
10+ transactions last 12 mo[4]
Range: $430K to $2.2M[4]
Why selected: Selected for his leadership role at HomeSmart Evergreen Realty since 2012 and community engagement. He maintains a perfect 5-star rating across 74 reviews and specializes in luxury residential sales with bilingual service.
Community (25% of ranking weight)
Board Member at Local Association of Realtors[6]
Committee Chair at State Real Estate Association[6]
Volunteer Advisor at Local Affordable Housing Non-Profit[6]
Industry Mentor at Real Estate Brokerage Training Program[6]
Notable Achievements
Team Leadership Since 2012
Perfect 5-Star Rating
Verified Specialties
Relocation, Escrow, luxury residential sales, investment property advisory, new development acquisitions, property management, relocation services, bilingual service[4]
Cities Served
Monrovia, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (626) 824-6988
Email: [email protected]
Website: http://www.howiegetsitsold.com/
Zillow: https://www.zillow.com/profile/ashleyhowie
11+ years experience
210+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $145K to $2.0M[4]
Why selected: Selected for her exceptional community leadership and quantifiable performance, including a perfect 5-star rating across 70 reviews and $18 million in sales. Her consistent recognition as a Top Producer and innovative client services further distinguish her expertise.
Notable Achievements
Sales Volume Growth
180+ Transactions Completed
$18 Million in Annual Sales
180+ Transactions
Top Producer Award - Homequest Real Estate
Record Transaction Year
Top Producer Award
Record Transaction Volume
Sales Growth Achievement
Record Sales Year
Career Transaction Volume
Top Producer Award - 5 Consecutive Years
Sales Volume Achievement
Perfect Review Rating
Verified Specialties
Relocation, Foreclosure, first time buyers, sellers, downsizing, upsizing, discount commission, full service, first-time buyers, home selling, luxury homes, investment properties, discount realtor services, 4% total commission, discount commission services, sellers seeking to maximize equity, families transitioning, 4% total commission model, equity maximization, reduced commission sales[4]
Cities Served
Monrovia, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (310) 489-1021
Email: [email protected]
Website: http://ammonandbaker.com/
Zillow: https://www.zillow.com/profile/GinaAmmon
20+ years experience
130+ career transactions[2]
10+ transactions last 12 mo[4]
Range: $85K to $4.8M[4]
Why selected: Selected for her deep community involvement, including extensive volunteer work since 2005. She combines this local commitment with a high-producing sales career and a strong ethical reputation.
Cities Served
Monrovia, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).