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Foreclosure Homes in Marengo, IA 52301

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Marengo, IA Foreclosures

Current Market Conditions in in Marengo, IA As of February 2026?
Over the past month, Marengo's real estate market has seen a slight uptick in home sales, driven by increased interest from buyers seeking affordable housing options in a small-town setting. The average home price has risen marginally, but it remains competitive and attractive for those looking to invest in a peaceful environment with ample amenities.
How much do homes sell for in Marengo, IA?
The average home price is currently $217,962.
In Marengo, IA, how many homes are available?
There are currently 73 active home listings available in Marengo.
What’s the average rental cost in Marengo, IA?
The average rental price in Marengo is $1,266.
What is the most expensive home in Marengo?
The most expensive home sold in Marengo had a price of $2,056,601.
What is currently the cheapest priced home in Marengo, IA?
The cheapest home for sale in Marengo is priced at $11,605.

Living in Marengo, IA

Marengo, IA, is a vibrant small town that offers a friendly environment and strong community ties, making it an ideal place for families and individuals. Blessed with beautiful landscapes and outdoor activities, the town also features excellent local schools and amenities. Whether you're looking for a quiet place to settle down or a supportive community, Marengo has something for everyone.

Buyer vs Seller Market in Marengo, IA

The current real estate market in Marengo is showing positive growth, with an increase in demand for housing due to its appealing lifestyle and affordability compared to nearby urban areas. The inventory remains steady, and homes are selling at a healthy pace, with many buyers drawn to the area's charm and community-driven atmosphere.

There are notable trends toward more families moving to the area, seeking homes with land for gardening and outdoor activities. The market appears to maintain its stability, with moderate price increases observed in the last quarter.

Home Value Estimator For Marengo, IA

There are currently 1,706 real estate properties in Marengo, IA, with a median automated valuation model (AVM) price of $175,398.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Marengo, IA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Marengo, IA, is $217,962.00, with the most expensive house in Marengo, IA, topping out at $2,056,601.00 and the cheapest home in Marengo, IA, clocking in at $11,605.00. In other words, there’s something for every potential homebuyer or savvy investor in Marengo, IA!

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.

Marengo, IA 52301 Foreclosures

Market Trend for Marengo, IA

Total Listings Available: 73

Market Values:

Home Prices from $11,605 to $2,056,601

Average Sales Price: $217,962

Rental Values:

Rental from $740 to $2,080

Average Rent Value: $1,266 / month

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