Marengo, IL is a great place to consider when looking for housing. The median value of housing in the area is $278,600, which is significantly lower than the US House Median Value of $338,100. Moreover, the US 1 year House Appreciation rate stands at 8.27%, while the house 1 year appreciation in Marengo is 9.73%. This means that investing in real estate in Marengo will likely yield a greater return over time compared to other parts of the country. With its affordability and high appreciation rate, Marengo is an excellent option for potential home buyers and investors alike.
The median home cost in Marengo (zip 60152) is $278,600. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Marengo (zip 60152) is up 12.6%.
Average Age of Homes
- The median age of Marengo (zip 60152) real estate is 39 years old
The Rental Market in Marengo (zip 60152)
- Renters make up 22.8% of the Marengo (zip 60152) population
- 1.5% of houses and apartments in Marengo (zip 60152), 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.