Marengo, IL 60152 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Marengo, IL—60152

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$360,000

6.0% YoY Growth

Household Income

$94,200

10.7% YoY Growth

Days on Market

7.0% Shorter YoY

Home Price Forecast

0.8%

Median Rent

$1,900

8.4% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,850

5.2% YoY Growth

3-Bed Rent

$1,900

6.3% YoY Growth

Home Price Trends — Marengo, IL

As of May '26, the median home price in Marengo, IL is $360,000, with a year-over-year change of 6.0%. This indicates that home prices in Marengo, IL are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$360,000	6.0%
Single Family	$363,000	5.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Marengo, IL

As of July '25, Rentcast reports the average rent in Marengo, IL is $1,860, with a year-over-year rent change of -8.4%. Per bedroom, the median rent as of July '25 in Marengo, IL is 2-bedrooms: $1,820, 3-bedrooms: $1,930. The most common rental property sizes in Marengo, IL are 2-bedroom and 1-bedroom, accounting for 47.8% and 30.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,900	$1,860
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,850	$1,820
3 Bed Rent	$1,900	$1,930
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

3.1%

1 Bedroom

30.5%

2 Bedrooms

47.8%

3 Bedrooms

9.6%

4 Bedrooms

7.8%

5+ Bedrooms

1.2%

Property Listings — Marengo, IL

As of May '26, Realtor.com reports that the median days on market for a home in Marengo, IL is 37. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$380,000	1.0%
Listing Count	40	-8.0%
Listings as % of Homes	0.6%	-8.0%
Days on Market	37	-7.0%

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Demographics — Marengo, IL

As of the latest ACS Survey released in 2023, Marengo, IL has a population of 12,000, which has decreased by -2.7% over the past 5 years. Marengo, IL is a popular place for families, as children make up 26.0% of the population. The area has a moderately educated workforce, with 26.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	12,000	-2.7%
% Under 18	26.0%	18.7%
% Seniors	18.0%	-1.1%
% WFH	8.3%	124.3%
% w/ College Degree	26.9%	2.3%

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As of the latest ACS Survey released in 2023, Marengo, IL is a predominantly white area, with 87.7% of the population identifying as white. The white population has grown by 4.4% in the last 5 years. The second most common race or ethnicity in Marengo, IL is hispanic, making up 9.4% of the population. Foreign-born residents account for 4.6% of the population in Marengo, IL, and this percentage has decreased by 34.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	87.7%	4.4%
% Black	0.9%	-18.2%
% Hispanic	9.4%	-32.4%
% Asian	0.0%	N/A
% Foreign Born	4.6%	-34.3%

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Mortgage and Risk — Marengo, IL

According to HUD data as of 2023, there were 229 mortgage originations in Marengo, IL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Marengo, IL. Investor activity is low, as 7.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	229
% Conventional Loans	79.0%
% Government Loans	21.0%
% Investor Loans	7.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Marengo, IL

Marengo, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	28
Total Units Section 8	28
% Rentals under Section 8	3.1%
% Occupied Section 8	79.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,160
2 Bedroom	-$540	$1,850	$1,310
3 Bedroom	-$220	$1,900	$1,680
4 Bedroom	N/A	N/A	$1,980

Marengo, IL—60152

Key Metrics at a Glance

Home Price Trends — Marengo, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Marengo, IL

% of Rental Stock

Property Listings — Marengo, IL

Demographics — Marengo, IL

Race and Ethnicity

Mortgage and Risk — Marengo, IL

Mortgages

Rentals and Section 8 — Marengo, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Marengo, IL

Home Price to Income Ratio

Marengo, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Union, IL

Garden Prairie, IL

Genoa, IL

Harvard, IL

Woodstock, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$360,000
Median Household Income	$94,200

Marengo, IL—60152

Key Metrics at a Glance

Home Price Trends — Marengo, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Marengo, IL

% of Rental Stock

Property Listings — Marengo, IL

Demographics — Marengo, IL

Race and Ethnicity

Mortgage and Risk — Marengo, IL

Mortgages

Rentals and Section 8 — Marengo, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Marengo, IL

Home Price to Income Ratio

Marengo, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Union, IL

Garden Prairie, IL

Genoa, IL

Harvard, IL

Woodstock, IL

Frequently Asked Questions

What is the average home price in Marengo, IL 60152?

How have home prices in Marengo, IL 60152 changed over the past year?

What is the home price projection for Marengo, IL 60152?

What are the demographics of Marengo, IL 60152?

How long does it take homes to sell in Marengo, IL 60152?

What is the average rent price in Marengo, IL 60152?