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 Type | 0% |
| One Bedroom | 15% |
| Two Bedrooms | 27% |
| Three Bedrooms | 41.40% |
| Four Bedrooms | 13.50% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1943 |
| Median Value of occupied units | $72,800 |
| Median Price asked for vacant units | $12,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.76 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $378 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 8.10% |
| Simple Mortgage | 45.30% |
| Debt Free | 40.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.7% |
