The housing market in Marengo, IA is affordable, with a median value of $161,500. This is significantly lower than the US median value of $338,100. Additionally, while the US house appreciation rate was 8.27% over the past year, Marengo's house appreciation rate was only 4.75%. This indicates that the housing market in Marengo is stable with moderate potential for growth. Overall, Marengo provides an attractive option for those looking for an affordable area to live.
The median home cost in Marengo is $161,500. Home appreciation the last 10 years has been 52.9%. Home Appreciation in Marengo is up 11.4%.
Average Age of Homes
- The median age of Marengo real estate is 68 years old
The Rental Market in Marengo
- Renters make up 33.3% of the Marengo population
- 2.2% 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.