Marengo, IN Foreclosures
How much do homes sell for in Marengo, IN?
The average home price is currently $184,624.
In Marengo, IN, how many homes are available?
There are currently 8 active home listings available in Marengo.
What’s the average rental cost in Marengo, IN?
The average rental price in Marengo is $955.
What is the most expensive home in Marengo?
The most expensive home sold in Marengo had a price of $781,192.
What is currently the cheapest priced home in Marengo, IN?
The cheapest home for sale in Marengo is priced at $11,800.
Living in Marengo, IN
Marengo, Indiana, is a quaint town that offers a peaceful environment away from the hustle and bustle of city life. It is well-suited for families and individuals who appreciate outdoor activities, community events, and a close-knit neighborhood. With its close proximity to larger urban areas and a focus on a rural lifestyle, Marengo is an ideal place to call home.
Current Market Conditions in Marengo, IN
Marengo's real estate market is currently experiencing steady growth, with a mix of traditional homes and new constructions attracting buyers looking for affordability and charm. The demand is increasing for single-family homes, especially among young families drawn to the area’s recreational opportunities and quality schools.
In the past year, home prices have seen a modest increase due to the influx of buyers interested in the rural lifestyle that Marengo offers. Properties have been selling at a steady pace, with some areas seeing more competition, especially for homes in good condition.
Home Value Estimator For Marengo, IN
There are currently 823 real estate properties
in Marengo, IN,
with a median automated valuation model (AVM) price
of $159,957.00. 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, IN, 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, IN,
is $184,624.00, with the most expensive house
in Marengo, IN, topping out
at $781,192.00 and the cheapest home
in Marengo, IN,
clocking in at $11,800.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Marengo, IN!
Rent Prices
In Marengo, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Marengo, IN, is on
a rollercoaster ride. The
average rent price in Marengo, IN,
is $955.00. Indeed, when looking to rent in
Marengo, IN, you can expect to pay as little
as $470.00 or as much
as $1,700.00,
with the average rent median estimated to
be $960.00. The good news is that finding
an affordable and desirable property to rent in Marengo, IN
-- 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.
Learn more on Foreclosure homes
