House Prices

House Prices & Home Values Monrovia, IN 2026


Average Data

average house price$397,374
average size per house2809 ft²
average price per ft²142 $ / ft²

04/21/2026 - The value range (VR) for house prices in Monrovia, IN is $150/ sqft to $150/ sqft. An average home with 2809 sqft costs approximately $421,350 to $421,350. Monrovia, IN includes 1 ZIP codes and it is located in Morgan county. The lowest prices are found in ZIP 46157, while the highest are in ZIP 46157. The average price per sqare feet is $142. Our analysis is based on 12 property listings.

Avergage prices by ZIP codes Monrovia

46157142 $ / ft²




Historical development of home values in Monrovia

Year Estimated value (USD) Change vs. 2025
2010 $184,548 -53.6%
2011 $177,411 -55.4%
2012 $176,934 -55.5%
2013 $183,547 -53.8%
2014 $192,674 -51.5%
2015 $202,562 -49.0%
2016 $213,133 -46.4%
2017 $224,637 -43.5%
2018 $237,056 -40.3%
2019 $248,048 -37.6%
2020 $260,871 -34.4%
2021 $296,713 -25.3%
2022 $345,900 -13.0%
2023 $364,768 -8.2%
2024 $385,870 -2.9%
2025 $397,374 0.0%

Graph: estimated home values in Monrovia over time (USD)



Example: 100% financing house in Monrovia

Loan amount: $397,374

Interest rate: 6.00%

Fixed monthly payment: $2,382.46

Breakdown in the 1st month:
Interest portion: $1,986.87  –  Principal portion: $395.59

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $23,709.70 $4,879.80 $392,494.20
2 $23,408.72 $5,180.77 $387,313.43
3 $23,089.18 $5,500.31 $381,813.11
4 $22,749.93 $5,839.56 $375,973.55
5 $22,389.76 $6,199.73 $369,773.82
6 $22,007.38 $6,582.12 $363,191.70
7 $21,601.41 $6,988.09 $356,203.61
8 $21,170.40 $7,419.10 $348,784.51
9 $20,712.80 $7,876.69 $340,907.82
10 $20,226.99 $8,362.51 $332,545.31
11 $19,711.20 $8,878.29 $323,667.02
12 $19,163.61 $9,425.88 $314,241.14
13 $18,582.24 $10,007.25 $304,233.89
14 $17,965.02 $10,624.48 $293,609.41
15 $17,309.72 $11,279.77 $282,329.64
16 $16,614.01 $11,975.48 $270,354.15
17 $15,875.39 $12,714.11 $257,640.05
18 $15,091.21 $13,498.28 $244,141.76
19 $14,258.67 $14,330.83 $229,810.93
20 $13,374.77 $15,214.72 $214,596.21
21 $12,436.36 $16,153.13 $198,443.08
22 $11,440.07 $17,149.42 $181,293.65
23 $10,382.33 $18,207.16 $163,086.49
24 $9,259.35 $19,330.14 $143,756.35
25 $8,067.11 $20,522.38 $123,233.97
26 $6,801.34 $21,788.16 $101,445.81
27 $5,457.49 $23,132.00 $78,313.81
28 $4,030.76 $24,558.73 $53,755.08
29 $2,516.03 $26,073.46 $27,681.62
30 $907.88 $27,681.62 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Monrovia, IN


1500 sqft3900 sqft
Ø selling price$257,731$548,262
Ø fast selling$234,301$493,436
Ø high price sale$281,160$603,089

In 2026, houses in Monrovia, IN will be offered at an average price of $142 per square foot. A 1,500 sqft home priced at $257,731 is 21.71% more expensive per square foot than a 3,900 sqft home priced at $548,262. Home prices in Monrovia, IN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $379,567. Sellers who can wait longer may achieve a higher price of up to $463,915.


Discover Monrovia, Indiana

Monrovia, IN is a growing small town in Morgan County that blends small-town charm with fast access to Indianapolis.


Location and Access

Commuters appreciate quick connections via I-70 and State Road 39 to downtown Indy and Indianapolis International Airport.


Community and Lifestyle

The community features friendly neighborhoods, locally owned businesses, and a steady lineup of family-focused events and festivals.

Outdoor lovers enjoy quiet streets, nearby nature areas, and well-used parks and ball fields for year-round recreation.


Schools

Monrovia Community Schools provide K-12 education with close-knit classrooms, extracurriculars, and strong Bulldog pride.


Real Estate and Growth

The local real estate market includes classic ranches, spacious lots, and new construction neighborhoods at attainable price points.

Ongoing growth has added services and infrastructure while preserving the town?s historic core and welcoming character.


Things to Do

Dining options include cozy diners, bakeries, and coffee shops, with weekend trips to nearby farm markets, trails, and wineries.


Why Monrovia

For buyers searching for homes for sale in Monrovia, IN or small businesses seeking visibility, the location offers value, convenience, and room to grow.

Whether you are relocating, investing, or visiting, Monrovia, Indiana delivers calm country living with the convenience of a connected location.



FAQ – Home Values in Monrovia

What is the median home value in Monrovia in 2026?

In 2026, the typical home value in Monrovia is about $397,374 for an average home size of 2809 square feet. This corresponds to an average price of roughly $142 per square foot.

What is the average cost per square foot in Monrovia?

In 2026, homes in Monrovia sell for an average of around $142 per square foot, with a typical range between $150 and $150 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Monrovia is about 2809 square feet, with an estimated 2026 value around $397,374.



Locations close to Monrovia, IN

Mooresville, IN98 $ / ft²
Morgantown, IN121 $ / ft²
Morristown, IN115 $ / ft²
Milroy, IN105 $ / ft²
Mays, IN44 $ / ft²
Martinsville, IN129 $ / ft²




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