Home Values

Marengo Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$169,100

  • 2.4% 1-year change
  • 1.6% 1-year forecast

The median home value in Marengo is $169,100. Marengo home values have gone up 2.4% over the past year and Zillow predicts they will rise 1.6% within the next year. The median rent price in Marengo is $1,350, which is lower than the Chicago Metro median of $1,572.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Marengo is 4.6%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Marengo homeowners underwater on their mortgage is 29.0%, which is higher than Chicago Metro at 25.1%.

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Relative ZHVI
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Marengo Market Overview

Data through Apr 30, 2015
  • $169,100 ZHVI
  • 1.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • $152,500 Median sale price (Mar 31, 2015)
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Marengo Market Health

Data through Apr 30, 2015
  • 3.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 29.0% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.6% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Union $203,400
Huntley $203,400
Hampshire $185,700
Name Median ZHVI
Kingston $154,400
Genoa $141,900
Woodstock $132,000
Name Median ZHVI
Capron $115,300
Belvidere $112,000
Harvard $107,600

Listings & Sales

  • No data
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Marengo Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,552 Marengo
    $1,610 Chicago Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No recent data Rent list price
  • No data Rent list price / sq ft
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