Home Price Key
Affordable
Average
Expensive
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 $180,525, lower than the Michigan average of $196,062.
The average cost of rent is $765/mo in Marengo, primarily driven by the current value of real estate in the Marengo area. While nearly 38.71% of residents own their homes outright in Marengo, 12.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in Marengo is $5,946 per month. Households that rent pay about 12.87% of their income on rent here. Marengo's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Marshall, MI: less expensive homes
- Eckford, MI: less expensive homes
- Albion, MI: less expensive homes
- Partello, MI: less expensive homes
- Duck Lake, MI: equally priced homes
- Wrights Corners, MI: less expensive homes
- Devereaux, MI: less expensive homes
- Urbandale, MI: equally priced homes
- Clarendon, MI: less expensive homes
- Olivet, MI: less expensive homes
Cities with Similar Populations
- Okaloosa, LA: less expensive homes
- Pine Valley, NJ: less expensive homes
- Pine Lake, MA: higher priced homes
- Petri, KY: less expensive homes
- Persimmon, GA: equally priced homes
- Peacham, VT: higher priced homes
- Peach Creek, WV: less expensive homes
- Parkers Crossroads, TN: less expensive homes
- Oxford Junction, IA: less expensive homes
- Orford, NH: higher priced homes
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