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Cheap Homes in Marengo, IL

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View this home at Carlemont Dr Crystal Lake IL 60014
Preforeclosure
$49,300 EMV

2 Bed | 2 Bath | 1,050 Sq. Ft.

View this home at Sandbar Lakemoor IL 60051
Tax Lien
$55,678 EMV
View this home at Port Side Lakemoor IL 60051
Tax Lien
$43,940 EMV
View this home at Nokomis Trl Algonquin IL 60102
Tax Lien
$29,106 EMV
View this home at N Watts Ave Spring Grove IL 60081
Tax Lien
$32,064 EMV
View this home at N 3rd Ave Spring Grove IL 60081
Tax Lien
$27,550 EMV
View this home at Windward Lakemoor IL 60051
Tax Lien
$41,990 EMV

| 1 Bath | 144 Sq. Ft.

View this home at Rusty Scupper Lakemoor IL 60051
Tax Lien
$56,064 EMV
View this home at N 8th St Spring Grove IL 60081
Tax Lien
$59,328 EMV

| 1 Bath | 536 Sq. Ft.

View this home at N 7th Ave Spring Grove IL 60081
Tax Lien
$58,175 EMV
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Foreclosure Homes in Marengo, IL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Marengo, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Marengo, IL and much more. Save thousands at closing with home foreclosure listings in Marengo, IL — up to 75% off market value!


Top Reasons To Live In Marengo, IL In 2023

Marengo is located in McHenry, Illinois, with an estimated municipal population of 7,437 residents. All of the best foreclosed homes for sale in Marengo are located in the following zip code areas on Foreclosure.com: 60152. The estimated population per square kilometer (.62 miles) in Marengo is 363.


Cost Of Living In Marengo, IL

So, about how much do homes cost in Marengo? The most recent median value of resident-owned homes in Marengo is 150,889. An estimated 69.8 percent of households in Marengo own their homes, with an average family size of 3.18. The median household income in Marengo is 63,694, with31.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Marengo, the median commute time of resident workers (in minutes) is 30.4. And last, but certainly not least, are you looking for homes to rent in Marengo? If so, the average rent price paid by renters in Marengo is 912, according to recent statistics.


Diversity And Demographics In Marengo, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Marengo, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Marengo is 36.7, split between 49.8 percent male versus 50.2 female. The percentage of residents who report being married in Marengo is 50.1, with an average family size of 3.18.

The percentage of residents who report their race in Marengo is as follows:

White 95.4%
Black / African American 2.2%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.2%
Other 1.2%

Looking for family-friendly neighborhoods in and/or near Marengo? Or maybe you are searching for 55+ active adult communities in and/or near Marengo?

The percentage of residents who report their age in Marengo is as follows:

Under 10 14.8%
Aged 10-19 13%
20s 13.2%
30s 12.1%
40s 13.2%
50s 14.4%
60s 8.8%
70s 5.4%
80+ 5%

Best Schools In Marengo, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Marengo with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Marengo.


Pros And Cons Of Living In Marengo, Illinois

How do you know that living in -- or moving to -- Marengo is right where you need to be? Perhaps you grew up in Marengo or already live nearby; therefore, the decision to buy a home in Marengo is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Marengo for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Marengo:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Marengo.


Reasons To Move To Marengo, Illinois, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Marengo can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Marengo, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Marengo, IL


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