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Marengo, IA Real Estate


According to census data in the year 2000 there were 1,143 housing units in Marengo. This represents a 15.5% growth from 990 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 1,143 were located in what is classified as a rural area.

Homeownership rate in Marengo is about 71.8%. Marengo's vacancy rate, including seasonal lodging, is about 7.4%. Average household size is 2.32 people.

The majority of houses, apartments or condos in Marengo were built after 1946.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom15%
Two Bedrooms27%
Three Bedrooms41.40%
Four Bedrooms13.50%
Five Bedrooms or more3.10%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.54
Median year structure was built1943
Median Value of occupied units$72,800
Median Price asked for vacant units$12,500

Rented Homes, Apartments and Condos

Average Household Size1.76
Median year structure was built1951
Median Monthly Rent asked for vacant units$378

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.60%
Second Mortgage5.90%
Home Equity Loan8.10%
Simple Mortgage45.30%
Debt Free40.10%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs15.7%