Real Estate Investing in Marengo, Iowa

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

2 ZIP codes • Population: 4,174 • Iowa County

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Should you buy in Marengo, IA? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (63/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
WEAK
2.5 / 5 (40/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 9.8% vacancy may signal weakening demand.

What’s happening in Marengo, IA?

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2.5/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.0% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $199,422
Avg Monthly Rent $842
ZIP Codes 2

Investing in Marengo Real Estate

Marengo (Iowa) spans 2 ZIPs and roughly a sizable population. firmly the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

Marengo is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. unambiguously out-of-state investors should be especially careful with the assumptions they carry in.

decisively Marengo's sale market has not rewarded patience. a harder case for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

Demographics in Marengo show real pressure — median income of $N/AK is tepid relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$199,422
Avg Monthly Rent
$842
1% Rule
✗ Below
Landlord Friendly (IA)

ZIP Codes in Marengo, IA

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Filter Marengo’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Marengo, IA

What approach is best for Marengo, IA real estate?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Marengo, IA. The numbers - $199K homes against $842/mo rents - support that play.

Is it easy to find good tenants in Marengo, IA?

Tenant demand in Marengo, IA is solid. The local workforce $842/mo rents across most rental classes.

How strong is Marengo, IA for real estate investors?

Marengo, IA rates 2.5/5 for investability. With median values at $199K and rents near $842/mo, the market offers reasonable fundamentals for rental investors.

How do landlord-tenant laws work in Marengo, IA?

IA law landlord-friendly for landlords, and Marengo inherits those rules. Investors should still review local ordinances for rental licensing.

What are rental rates like in Marengo, IA?

Rental rates in Marengo, IA average $842/mo. Tenant demand and $199K home values make the yield look reasonable by investor standards.

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