Real Estate Investing in Marengo, Illinois (60152)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60152 (Marengo, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 25.5 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Marengo, IL (60152)?
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Market Analysis: 60152 Marengo
Not every below-median market is a bargain. Marengo's 60152 ZIP comes in at signals that favor experienced operators who can absorb the risk $364K pricing implies.
Rent of $1,188/mo on a $364K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 60152 sits below the stated 0.0% once reality is priced in.
The gap between 60152 and stronger Marengo ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 60152 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 60152 is an operator game, not a passive one. Meanwhile, entry prices of $364K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Marengo:
Property Strategy for 60152
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $221,434 | $1,320 | 4.3% | +7.9% | $110,717 |
| 3BR | $331,406 | $1,700 | 3.7% | +9.5% | $110,469 |
| 4BR | $394,197 | $1,970 | 3.6% | +8.7% | $98,549 |
| 5BR | $451,001 | — | — | +8.7% | $90,200 |
Market Trends
Home Value History (with trend line)
📊 How Does 60152 Compare?
| Metric | 60152 | Marengo | Illinois |
|---|---|---|---|
| Home Value | $363,530 | $363,530 | $279,761 |
| 5-Year CAGR | 8.2% | 8.2% | 6.6% |
| Avg Rent | $1,188 | $1,188 | - |
| Cap Rate | 2.6% | 2.6% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60152 (Marengo, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $363,530 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 25.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60152
Population: 12,006
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 60152
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,801 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are landlord laws favorable in Marengo, IL?
Marengo, IL operates under IL law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
What is the typical renter like in Marengo, IL?
Marengo, IL offers a steady renter base at the $1,188/mo rent level. Tenant turnover is reasonable for well-managed properties.
What monthly rent should investors expect in Marengo, IL?
Average rent in Marengo, IL is approximately $1,188/mo per month. Against $364K home values that yields a reasonable rent-to-price ratio.
What investment strategy works best in Marengo, IL?
Most investors in Marengo, IL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the average home sale price in Marengo, IL?
Typical homes in Marengo, IL go for around $364K. The 5-year CAGR of 0.0% consistent price movement.
You know 60152 now. You don’t know where it ranks.
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