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Affordable
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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 $232,505, lower than the Virginia average of $443,089.
The average cost of rent is $846/mo in Marengo, primarily driven by the current value of real estate in the Marengo area. In Marengo, 37.25% of households rent, and 51.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Marengo is $5,012 per month. Households that rent pay about 16.88% of their income on rent here. Marengo’s most expensive areas are in the central 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
- La Crosse, VA: less expensive homes
- Bracey, VA: higher priced homes
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- Union Level, VA: less expensive homes
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Cities with Similar Populations
- Putnamville, PA: less expensive homes
- North Miami, OK: less expensive homes
- Port Wing, WI: higher priced homes
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- Pottersville, NY: higher priced homes
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- Princeton, PA: less expensive homes
- Providence, FL: less expensive homes
- Pursglove, WV: higher priced homes
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