Marengo, IL Housing

Marengo, IL is a great place to invest in housing. The median value of a home in the city is $274,900, which is lower than the US median house value of $338,100. The appreciation of housing in the US over the past year has been 8.27%, while housing in Marengo has appreciated by 9.73%. This higher appreciation rate suggests that investments in housing properties in this area are more likely to yield greater profits than other areas of the country. The cost and appreciation rate make Marengo an ideal choice for those looking to purchase a new home or invest in real estate.

The median home cost in Marengo is $274,900. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Marengo is up 12.6%.

Average Age of Homes

- The median age of Marengo real estate is 43 years old

The Rental Market in Marengo

- Renters make up 33.6% of the Marengo population
- 2.3% of houses and apartments in Marengo, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Marengo, Illinois	United States
	3,094.0	139,647,020.0
	50	42
	$274,900	$338,100
	12.6%	16.6%
	35.4%	57.0%
	63.3%	101.1%
	$24.06	$10.98
	$4,157	$2,690
	58.3%	57.4%
	6.4%	11.2%
	35.3%	31.4%
Vacant Housing
	2.3%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	4.1%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	0.6%	2.4%
	4.1%	2.8%
	1.5%	3.9%
	8.2%	4.5%
	17.9%	11.3%
	41.8%	13.0%
	23.3%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.4%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	18.1%	13.6%
	18.1%	13.6%
	14.6%	13.6%
	5.5%	13.2%
	11.0%	14.8%
	14.6%	13.6%
	11.6%	10.0%
	1.7%	4.7%
	20.4%	12.2%