Marengo, IL Real Estate
According to census data in the year 2000 there were 2,482 housing units in Marengo.
This represents a 29.3% growth from 1,920 in 1990.
Of those housing units, 2,375 were located in either urbanized areas or urban clusters, and 107 were located in what is classified as a rural area.
Homeownership rate in Marengo is about 65.7%.
Marengo's vacancy rate, including seasonal lodging, is about 3.7%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Marengo were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 12% |
| Two Bedrooms | 31.50% |
| Three Bedrooms | 42.40% |
| Four Bedrooms | 9.20% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.79 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $140,400 |
| Median Price asked for vacant units | $125,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $403 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.20% |
| Home Equity Loan | 13.30% |
| Simple Mortgage | 51.10% |
| Debt Free | 27.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.1% |
