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These days, finding an affordable place to live in the Marengo area can be challenging. Home prices in Marengo are now at a median cost of $313,288, higher than the Illinois average of $300,242.
The average cost of rent is $1,163/mo in Marengo, primarily driven by the current value of real estate in the Marengo area. In Marengo, 25.93% of households rent, and 43.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Marengo is $9,233 per month. Households that rent pay about 12.59% of their income on rent here. Marengo’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Union, IL: equally priced homes
- Franklinville, IL: higher priced homes
- Garden Prairie, IL: equally priced homes
- New Lebanon, IL: equally priced homes
- Hartland, IL: higher priced homes
- Woodstock, IL: less expensive homes
- Huntley, IL: higher priced homes
- Hampshire, IL: equally priced homes
- Genoa, IL: less expensive homes
- Ridgefield, IL: higher priced homes
Cities with Similar Populations
- Cape May, NJ: higher priced homes
- West Perrine, FL: higher priced homes
- West Milford, NJ: higher priced homes
- West Carrollton, OH: less expensive homes
- Wellford, SC: less expensive homes
- Waterford, NY: equally priced homes
- Waterford, CA: higher priced homes
- Cherryville, NC: less expensive homes
- Cedar Grove, NJ: higher priced homes
- Catoosa, OK: less expensive homes
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