HomeIndianaMorgan CountyMonrovia
Monrovia, Indiana: commercial real estate data.
Monrovia is a Census town of 2,055 people across 1.80 square miles of land, in Morgan County. Median household income is $92,344, 88.9 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $241,200 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Monrovia
What Monrovia is
- Census place typetown
- Land area1.8 sq mi
- Water area0 sq mi
- Population per square mile of land1,145 plus or minus 319
- County holding the largest share of its areaMorgan County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Monrovia
How many people live in Monrovia
- Population2,055 plus or minus 572
- Median age29.4
- Population under 18680 plus or minus 168
- Share under 1833.1 percent plus or minus 12.3
- Population 65 and over116 plus or minus 38
- Share 65 and over5.6 percent
- Households693 plus or minus 193
- Family households579 plus or minus 178
- Share of households that are families83.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Monrovia
Income and work in Monrovia
- Median household income$92,344 plus or minus $19,047
- Per capita income$34,820
- Civilian labor force1,055 plus or minus 293
- Employed1,030 plus or minus 289
- Unemployed25 plus or minus 14
- Unemployment rate2.4 percent plus or minus 1.2
- Adults 25 and over1,228 plus or minus 340
- Adults 25 and over with a high school diploma or higher91.9 percent plus or minus 31.9
- Adults 25 and over with a bachelor degree or higher22.7 percent plus or minus 5.3
- Adults 25 and over with a graduate degree6.3 percent plus or minus 2.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Monrovia
Housing in Monrovia
- Housing units717 plus or minus 198
- Occupied units693 plus or minus 193
- Vacant units24 plus or minus 29
- Vacancy rate3.3 percent plus or minus 3.9
- Owner occupied616 plus or minus 189
- Renter occupied77 plus or minus 41
- Ownership rate88.9 percent
- Median owner-occupied home value$233,200
- Median gross rent, monthly$1,385 plus or minus $349
- Annual rent as a share of median income18.0 percent plus or minus 5.9
- Single family units708 plus or minus 199
- Share single family98.7 percent
- Units in buildings of two or more9 plus or minus 17
- Share in buildings of two or more1.3 percent plus or minus 2.3
- Mobile homes0
- Median year structure built2007
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Monrovia
How Monrovia gets to work
- Workers 16 and over who commute871 plus or minus 244
- Commuting under 15 minutes117 plus or minus 49
- Share commuting under 15 minutes13.4 percent plus or minus 4.1
- Commuting 30 minutes or more511 plus or minus 146
- Share commuting 30 minutes or more58.7 percent
- Drove alone76.0 percent plus or minus 29.7
- Carpooled7.1 percent plus or minus 4.9
- Public transport0.0 percent
- Walked1.5 percent plus or minus 1.6
- Worked from home14.7 percent plus or minus 6.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Monrovia
SBA loans in Monrovia (7(a))
- Approvals1
- Gross approval$241,200
- Average approval$241,200
- Median approval$241,200
- Largest approval$241,200
- Jobs supported4
- Jobs per approval4.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises100.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in Monrovia, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Morgan County, not Monrovia
Morgan County context, not Monrovia figures
- Establishments in Morgan County1,248
- Covered employment, Morgan County15,502
- Average annual pay, Morgan County$49,967
- Housing units permitted, Morgan County330
Every figure in this section is published for Morgan County as a whole and is not a measurement of Monrovia.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Monrovia questions, answered from the record.
How many people live in Monrovia, Indiana?
2,055, in 693 households. Monrovia town covers 1.80 square miles of land, which is 1,145 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Monrovia in?
Morgan County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Monrovia?
$92,344. The median owner-occupied home is valued at $233,200. Median gross rent is $1,385 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Monrovia businesses?
1 7(a) approvals totaling $241,200 since FY2020, across 1 lenders, median approval $241,200. These count approvals to borrowers whose address is in Monrovia, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Monrovia borrowers get paid back?
No rate is published for Monrovia. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Are the county figures on this page Monrovia figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Morgan County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Monrovia.
Is zoning published for Monrovia?
No. Nothing on this page presents parcel level zoning.