October's First-Time Homebuyer Report for Monrovia

Monrovia is a small city in California with a median income of $55,765 per household. Besides being somewhat affluent, its population is older than others with a median age of 37 years. 91016, 91010, and 91008 are the three largest zip codes in terms of population. The Monrovia market is primarily made up of detached homes, currently accounting for 86% overall. Leading the list of top schools in the city are Mayflower Elementary School and Clifton Middle School.

Culture

If you're looking to explore the landscape of Monrovia, then check out Monrovia Canyon Park and 24 Hour Fitness, Foursquare's most popular places for outdoor activities. For arts and entertainment, you'll find Krikorian Premiere Theatres and Duarte Performing Arts Center. Lastly, SONIC Drive In, The Old Spaghetti Factory, and The Peach Caf are well-known places to eat.

Price Range

The median value of homes in Monrovia is $412,300, making it one of the most valuable areas in California. At the same time, the average list price of available homes is presently $671,755. 91008, 91016, and 91010 are the costliest places in the city. The Monrovia market got good news in this week's report, as the number of home sales rose 26.3%, pushing the total to 24 homes sold over the last 30 days.

Curious as to which homes have been getting the most attention in Monrovia? These listings have stirred up interest and produced the most views:

$439K   $895K   $536K  

Typical Dwelling

A three-bedroom detached home valued around $689,209 is considered a typical dwelling in Monrovia. If a buyer was looking for a similar home, they would need good credit and a $137,842 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,834 and the property tax rate is $7.73 per $1,000 of taxable assessed value.

Get started right now by checking out Monrovia homes for sale or reviewing Monrovia real estate trends.


Data reported through 10/13/2016

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