Marengo, IA—52301
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Marengo, IA
Marengo, IA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $183,000 | 3.3% |
| Single Family | $184,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $130,000 | 3.2% |
3 Bed | $189,000 | 3.3% |
4 Bed | $224,000 | 4.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Marengo, IA
As of July '25, Rentcast reports the average rent in Marengo, IA is $1,240, with a year-over-year rent change of 71.0%. Per bedroom, the median rent as of July '25 in Marengo, IA is 1-bedrooms: $700. The most common rental property sizes in Marengo, IA are 2-bedroom and 1-bedroom, accounting for 38.9% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $700 | $1,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $700 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Marengo, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Marengo, IA is 32. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $185,000 | 3.0% |
Listing Count | 10 | -7.0% |
| Listings as % of Homes | 0.5% | -7.0% |
Days on Market | 32 | 18.0% |
Demographics — Marengo, IA
As of the latest ACS Survey released in 2023, Marengo, IA has a population of 4,050, which has increased by 14.1% over the past 5 years. Marengo, IA is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 14.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,050 | 14.1% |
% Under 18 | 23.1% | 6.0% |
% Seniors | 20.9% | -0.5% |
% WFH | 4.1% | -19.6% |
% w/ College Degree | 14.2% | 6.8% |
As of the latest ACS Survey released in 2023, Marengo, IA is a predominantly white area, with 95.5% of the population identifying as white. The white population has grown by 5.3% in the last 5 years. The second most common race or ethnicity in Marengo, IA is hispanic, making up 1.3% of the population. Foreign-born residents account for 1.2% of the population in Marengo, IA, and this percentage has decreased by 14.3% 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 | 95.5% | 5.3% |
% Black | 1.1% | -35.3% |
% Hispanic | 1.3% | -79.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.2% | -14.3% |
Mortgage and Risk — Marengo, IA
According to HUD data as of 2023, there were 84 mortgage originations in Marengo, IA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Marengo, IA. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 84 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Marengo, IA
Marengo, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $700 | $670 |
| 2 Bedroom | N/A | N/A | $880 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,360 |
Affordability — Marengo, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $183,000 |
| Median Household Income | $68,700 |