Foreclosures in Marengo, IA

Current Market Conditions in Marengo, IA

The current real estate market in Marengo is showing signs of gradual growth, with an increase in demand for homes as more people seek the charm of small-town living. Properties are receiving attention due to their affordability and the town's appealing lifestyle, attracting both first-time homebuyers and retirees.

A notable trend in Marengo’s market is the rise in the development of new homes, showcasing modern designs that still resonate with the town's traditional aesthetic. This balance has made Marengo a desirable location for new residents.

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.