Real Estate Investing in Monrovia, Indiana (46157)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46157 (Monrovia, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Monrovia, IN (46157)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46157 Monrovia
Turning to rents, ZIP 46157 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $308K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 46157 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 46157's metrics run below Morgan County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
On the rental side, 4,370 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 46157 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Monrovia:
Property Strategy for 46157
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $243,867 | $1,100 | 3.2% | +8.5% | $121,933 |
| 3BR | $289,145 | $1,440 | 3.6% | +8.3% | $96,382 |
| 4BR | $312,852 | $1,730 | 4.0% | +6.7% | $78,213 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 46157 Compare?
| Metric | 46157 | Monrovia | Indianapolis-Carmel-Anderson, IN | Indiana |
|---|---|---|---|---|
| Home Value | $307,999 | $307,999 | N/A | $248,442 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 7.7% |
| Avg Rent | $2,085 | $2,085 | N/A | - |
| Cap Rate | 5.3% | 5.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46157 (Monrovia, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46157 (Monrovia, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $307,999 |
| Monthly Rent | $2,085 |
| Price-to-Rent | 12.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.3% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 46157
Population: 4,370
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 46157
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What is the median home value in Monrovia, IN?
Typical homes in Monrovia, IN go for around $308K. The 5-year CAGR of 0.0% reliable price movement.
What do landlords charge for rent in Monrovia, IN?
Expect rents around $2,085/mo per month in Monrovia, IN. With home values at $308K, the yield math works out to reasonable levels for rental investors.
What is the renter demographic in Monrovia, IN?
Tenant quality in Monrovia, IN ranks as solid. Landlords generally report stable occupancy at market rents of $2,085/mo.
What kind of vacancy should I budget for in Monrovia, IN?
Occupancy in Monrovia, IN runs consistent with elevated vacancy. Well-priced units at $2,085/mo lease on reasonable timelines.
How landlord-friendly is Monrovia, IN?
Landlord-friendliness in Monrovia, IN is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 46157 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46157 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 46157 ranks in Indianapolis-Carmel-Anderson, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46157 (Monrovia)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46157 (Monrovia, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.