The housing in Marengo, OH is quite valuable, with a median housing value of $282,100. This is significantly lower than the US House Median Value of $338,100. However, the housing market in Marengo has seen a higher appreciation rate of 16.98% over the last year as compared to the US 1 year House Appreciation rate of 8.27%. This indicates that there is a strong demand for housing in the area and suggests that it could be a good investment moving forward.
The median home cost in Marengo is $282,100. Home appreciation the last 10 years has been 89.4%. Home Appreciation in Marengo is up 16.5%.
Average Age of Homes
- The median age of Marengo real estate is 67 years old
The Rental Market in Marengo
- Renters make up 53.9% of the Marengo population
- 0.0% 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.