The housing market in Marena, KS is on the rise. The median value of a home in Marena is $86,200, which is significantly lower than the US house median value of $338,100. However, the 1-year house appreciation rate for homes in Marena is 12.41%, which is higher than the US average of 8.27%. This shows that the housing market in Marena is growing rapidly and provides potential for homeowners to build their wealth through real estate investments.
The median home cost in Marena is $86,200. Home appreciation the last 10 years has been 70.1%. Home Appreciation in Marena is up 16.0%.
Average Age of Homes
- The median age of Marena real estate is 61 years old
The Rental Market in Marena
- Renters make up 16.2% of the Marena population
- 1.5% of houses and apartments in Marena, 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.