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Monrovia, IN
Full City Profile · Indiana · Morgan County County
3.4
/5.0
B
Good
2,090
Population
1,161/sq mi density
$91,375
Median Income
$34,528 per capita
$216,500
Home Value
$300,484 Zillow
$988
Median Rent
19.8% income on rent
53°F
Avg Temperature
293 sunny days/yr
52
Violent Crime/100K
3,300 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$91,375 median income, 1.1% unemployment
A+
Affordability
5.0 / 5.0
$216,500 home value, $988/mo rent
F
Safety
1.0 / 5.0
52 violent crimes/100K
C+
Education
2.7 / 5.0
21.3% bachelor's degree or higher
Housing Overview
Median Home Value
$216,500
23% below
US avg: $281,900
Median Rent
$988/mo
15% below
US avg: $1,163/mo
Homeownership Rate
92.6%
42% above US avg (65.4%)
Total Housing Units
576
Median year built: 2005
Home Value by Source
Census Median
$216,500
Zillow (ZHVI)
$300,484
Median Sale Price
$309,900
Median List Price
$295,250
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
92.6%
Owner-Occupied
7.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$988/mo
Market Indicators (Redfin)
Median Days on Market
96 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
6
Price Drops
37.5%
of listings with price reduction
Price Per Sq Ft
$139
Active Inventory
16
homes for sale
Affordability & Housing Stock
Rent Burden
19.8%
of renters spending 30%+ of income on housing
36% below US avg (31.0%)
Median Year Built
2005
Average age of housing stock: 21 years
Homeownership Rate
92.6%
Complete Housing Data
Home Values
| Census Median Value | $216,500 |
| Zillow Home Value (ZHVI) | $300,484 |
| Median Sale Price | $309,900 |
| Median List Price | $295,250 |
| Price Per Sq Ft | $139 |
Rent
| Census Median Rent | $988 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
| Days on Market | 96 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 37.5% |
| Homes Sold | 6 |
| Active Inventory | 16 |
| Price Per Sq Ft | $139 |
Ownership & Stock
| Owner-Occupied | 92.6% |
| Renter-Occupied | 7.4% |
| Homeownership Rate | 92.6% |
| Total Housing Units | 576 |
| Median Year Built | 2005 |
| Rent Burden | 19.8% |