There are currently 2,200 real estate properties in Monrovia, MD, with a median automated valuation model (AVM) price of $507,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Monrovia, MD, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Monrovia, MD, is $530,877.00, with the most expensive house in Monrovia, MD, topping out at $2,131,900.00 and the cheapest home in Monrovia, MD, clocking in at $170,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Monrovia, MD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monrovia, MD, is on a rollercoaster ride. The average rent price in Monrovia, MD, is $2,233.00. Indeed, when looking to rent in Monrovia, MD, you can expect to pay as little as $1,600.00 or as much as $3,760.00, with the average rent median estimated to be $2,210.00. The good news is that finding an affordable and desirable property to rent in Monrovia, MD -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Monrovia, MD area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Monrovia, MD and much more. Save thousands at closing with home foreclosure listings in Monrovia, MD — up to 75% off market value!
Monrovia is located in Frederick, Maryland, with an estimated municipal population of 903 residents. All of the best foreclosed homes for sale in Monrovia are located in the following zip code areas on Foreclosure.com: 21770. The estimated population per square kilometer (.62 miles) in Monrovia is 155.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Monrovia, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Monrovia is 34.5, split between 57.4 percent male versus 42.6 female. The percentage of residents who report being married in Monrovia is 75.8, with an average family size of 3.41.
The percentage of residents who report their race in Monrovia is as follows:
|Black / African American||21.3%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Monrovia? Or maybe you are searching for 55+ active adult communities in and/or near Monrovia?
The percentage of residents who report their age in Monrovia is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Monrovia with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Monrovia.
How do you know that living in -- or moving to -- Monrovia is right where you need to be? Perhaps you grew up in Monrovia or already live nearby; therefore, the decision to buy a home in Monrovia is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Monrovia for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Monrovia:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Monrovia.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Monrovia can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Monrovia, meanwhile, can field multiple offers from more qualified buyers.