Marengo, IN is an attractive housing market for potential buyers, as median house values are much lower than the national median value of $338,100. Over the past year, the appreciation rate of house values in Marengo was 13.41%, which is higher than the national average of 8.27%. This indicates a strong demand for homes in Marengo and a healthy housing market with steady growth. With an average median value of $134,300, Marengo is a great option for those looking to invest in a home at a significantly lower cost than many other locations throughout the US.
The median home cost in Marengo is $134,300. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Marengo is up 15.2%.
Average Age of Homes
- The median age of Marengo real estate is 38 years old
The Rental Market in Marengo
- Renters make up 37.7% of the Marengo population
- 4.4% 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.