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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 $126,626, lower than the Indiana average of $232,932.
The average cost of rent is $819/mo in Marengo, primarily driven by the current value of real estate in the Marengo area. In Marengo, 27.13% of households rent, and 44.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Marengo is $4,632 per month. Households that rent pay about 17.68% of their income on rent here. Marengo’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Milltown, IN: higher priced homes
- Temple, IN: equally priced homes
- Valeene, IN: higher priced homes
- Curby, IN: higher priced homes
- Hardinsburg, IN: higher priced homes
- Pilot Knob, IN: higher priced homes
- English, IN: equally priced homes
- Pine Valley, IN: less expensive homes
- Depauw, IN: higher priced homes
- Grantsburg, IN: less expensive homes
Cities with Similar Populations
- Sarcoxie, MO: equally priced homes
- Gueydan, LA: less expensive homes
- Healdton, OK: less expensive homes
- King William, VA: higher priced homes
- Lake Village, IN: higher priced homes
- Attleboro Falls, MA: higher priced homes
- Montgomery, IN: higher priced homes
- Morrisdale, PA: higher priced homes
- Paul, ID: higher priced homes
- Rome City, IN: higher priced homes
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