1031 Exchange Monrovia, California

 

Surrounding submarket Area

Monrovia, California is a part of the Arcadia/Duarte/El Monte Submarket submarket area, and contains zip codes 91016 and 91017.

Monrovia Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Monrovia, CA submarket area was $1,634, which is 36.17% higher than 2014 average rent. This represents a compounded annual growth rate of 6.37%. 2019 vacancy in Monrovia, CA was 4.40%.

The total population of the city of Monrovia, CA has grown 0.34% since 2010. As of 2018, the population was 36,715. The median household income of the Monrovia was $73,170, which is 21.36% higher than the national average.

  • submarket area Arcadia / Duarte / El Monte Submarket
  • avg rent $1,634
  • rent growth 36.17%
  • vacancy 4.40%
  • median income $73,170
  • population (2018) 36,715
  • population growth 0.34%
  • vs. nat'l avg 21.36%
  • zip codes 91016 91017

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