Is Marengo, IL a good place to invest in rental property?

Marengo, IL has a median modeled monthly cash flow of $-689 and a median cap rate of 4.0%, on a median sold price of $350,000. Prices changed +6.3% year over year.

What is the average cap rate in Marengo, IL?

The median cap rate across recently sold homes in Marengo, IL is 4.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Marengo, IL?

The median sold price in Marengo, IL is $350,000 (about $186 per square foot).

Investing in Marengo, IL Real Estate

A data-driven snapshot of the Marengo, IL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$350,000Median sold price

$186Median $/sqft

4.0%Median cap rate

$-689Modeled cash flow / mo

+6.3%Appreciation YoY

9.4Months of supply

117Active listings

149Sold (last 12 mo)

What the Marengo numbers say

In Marengo, IL, the median home sold for $350,000 (about $186 per square foot), and the typical deal models out to a 4.0% cap rate with a median $-689 of monthly cash flow. Sold prices moved +6.3% over the past year. Inventory sits at about 9.4 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Illinois markets to compare

See Marengo cash-flowing listings

CashFlowRE ranks every for-sale home in Marengo, IL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Marengo deals, or browse the national market data.