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Monrovia, MD

Full City Profile · Maryland · Frederick County County

4.0 /5.0
A Great
2,924 Population 1,300/sq mi density
$234,712 Median Income $75,978 per capita
$761,600 Home Value $661,650 Zillow
54°F Avg Temperature 293 sunny days/yr
430 Violent Crime/100K 2,314 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$234,712 median income, 0.6% unemployment
A+
Affordability
4.9 / 5.0
$761,600 home value, /mo rent
F
Safety
1.0 / 5.0
430 violent crimes/100K (13% above avg)
A+
Education
5.0 / 5.0
71.5% bachelor's degree or higher

Housing Overview

Median Home Value
$761,600
170% above
US avg: $281,900
Homeownership Rate
98.9%
51% above US avg (65.4%)
Total Housing Units
870
Median year built: 2015

Home Value by Source

Census Median
$761,600
Zillow (ZHVI)
$661,650
Median Sale Price
$719,950
Median List Price
$550,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

98.9%
Owner-Occupied
1.1%
Renter-Occupied
99%
1%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,312/mo
1 Bedroom
$1,400/mo
2 Bedroom
$1,648/mo
3 Bedroom
$2,123/mo
4 Bedroom
$2,442/mo

Market Indicators (Redfin)

Median Days on Market
193 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
33.3%
of listings with price reduction
Price Per Sq Ft
$219
Active Inventory
3
homes for sale

Affordability & Housing Stock

Rent Burden
28.9%
of renters spending 30%+ of income on housing
7% below US avg (31.0%)
Median Year Built
2015
Average age of housing stock: 11 years
Homeownership Rate
98.9%

Complete Housing Data

Home Values

Census Median Value$761,600
Zillow Home Value (ZHVI)$661,650
Median Sale Price$719,950
Median List Price$550,000
Price Per Sq Ft$219

Rent

FMR Studio$1,312
FMR 1-Bedroom$1,400
FMR 2-Bedroom$1,648
FMR 3-Bedroom$2,123
FMR 4-Bedroom$2,442

Market

Days on Market193
Sale-to-List Ratio1.0%
Price Drops33.3%
Homes Sold2
Active Inventory3
Price Per Sq Ft$219

Ownership & Stock

Owner-Occupied98.9%
Renter-Occupied1.1%
Homeownership Rate98.9%
Total Housing Units870
Median Year Built2015
Rent Burden28.9%