Foreclosure Homes in Marengo, IA

Current Market Conditions in Marengo, IA

The real estate market in Marengo, IA is currently stable with gradual appreciation in property values. The community has seen an influx of families moving from urban areas seeking more space and affordable housing options. Listings tend to remain on the market for a moderate amount of time, and with the low inventory in some segments, it's a competitive market for buyers.

In recent years, home prices in Marengo have been steadily rising due to high demand and limited supply, making it a not only a desirable place to live but also a promising investment opportunity for potential buyers.

Rent Prices In Marengo, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Marengo, IA, is on a rollercoaster ride. The average rent price in Marengo, IA, is $1,266.00. Indeed, when looking to rent in Marengo, IA, you can expect to pay as little as $740.00 or as much as $2,080.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Marengo, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.