Zip Code:

91016, Monrovia, CA

91016 is a California Zip code within the city of Monrovia and the county of Los Angeles County. Its population is roughly 41,105.

The Real Estate Market in the 91016 Zip Code of Monrovia, CA

The Monrovia, CA 91016 zip code has a population of around 103,000 people and is located in the Central Valley region of California. The median home value in this zip code is $236,000 which is significantly higher than the national median home value of $177,500. In addition, the average home equity in this zip code is $128,000 which is also significantly higher than the national average of $63,600.

There are a number of factors that contribute to the high home values and equity in this zip code. First and foremost, Monrovia is a desirable location with plenty of amenities and opportunities for growth. Second, there are a large number of affluent residents who have been able to invest in property here over time. Finally, there has been an influx of new residents over the past few years who have helped drive up prices even further.

Despite these high values however, it's important to keep in mind that not everyone living in Monrovia can afford to buy or own a home outright. In fact, about one-third of households in this zip code are renters which means that many people are still struggling to get ahead financially despite having high home values. Additionally, although prices have been on the rise for some time now it's important to remember that they could potentially fall again – especially if there are any major economic or political changes on the horizon.

Price Index: Los Angeles-Long Beach-Glendale, CA (MSAD)

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