Marengo, IN Foreclosures
How much do homes sell for in Marengo, IN?
The average home price is currently $182,979.
In Marengo, IN, how many homes are available?
There are currently 1 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 $786,918.
What is currently the cheapest priced home in Marengo, IN?
The cheapest home for sale in Marengo is priced at $11,968.
Living in Marengo, IN
Marengo, Indiana is a small, charming town that offers a unique blend of rural living and access to nearby urban conveniences. Known for its friendly community and peaceful atmosphere, Marengo provides a comfortable lifestyle for families and retirees alike. The town is surrounded by beautiful natural landscapes, making it ideal for outdoor enthusiasts.
Current Market Conditions in Marengo, IN
The real estate market in Marengo is currently experiencing steady growth, with more buyers seeking homes in this peaceful town due to its affordability compared to larger urban areas. Inventory levels are moderate, providing a healthy competition for homebuyers. As remote work options become more prevalent, many individuals and families are looking for properties that offer more space and a connection to nature, making Marengo an attractive option.
Recent trends indicate a shift towards increased interest in single-family homes with larger yards, catering to families and those seeking an escape from the hustle and bustle of city life. Home sales have been on the rise, and prices have shown moderate appreciation, indicating a positive outlook for potential investors.
Home Value Estimator For Marengo, IN
There are currently 822 real estate properties
in Marengo, IN,
with a median automated valuation model (AVM) price
of $160,888.00. 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 $182,979.00, with the most expensive house
in Marengo, IN, topping out
at $786,918.00 and the cheapest home
in Marengo, IN,
clocking in at $11,968.00. 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
