The housing in 47140 Marengo, IN is quite affordable compared to the national average. The median value of a house in this area is $140,700, significantly lower than the US median of $338,100. However, that doesn't mean that it isn't a great investment opportunity – the 1-year house appreciation rate in Marengo is 13.41%, which is much higher than the national average of 8.27%. This means that those who invest in real estate here are likely to see an increase in their property values over time.
The median home cost in Marengo (zip 47140) is $140,700. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Marengo (zip 47140) is up 15.2%.
Average Age of Homes
- The median age of Marengo (zip 47140) real estate is 31 years old
The Rental Market in Marengo (zip 47140)
- Renters make up 27.2% of the Marengo (zip 47140) population
- 1.3% of houses and apartments in Marengo (zip 47140), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.