Marengo County, Alabama Housing Market
In Marengo County, Alabama, the median home value is $107,400, with a median monthly rent of $716. This places Marengo County at #2827 nationally out of 3134 counties by median home value, and #56 within Alabama.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,109
- Establishments: 531
- BLS QCEW, 2025
Migration Patterns
- Inflow: 7,010 (avg $58,472)
- Outflow: 6,647 (avg $59,659)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Marengo County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 36732 | 196.3 | -7.13% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Marengo County Compares
| Metric | Marengo County | Alabama Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $107,400 | $159,659 | $227,706 |
| Median Gross Rent | $716 | $820 | $968 |
| Owner Occupancy Rate | 70.2% | 73.2% | 73.3% |
| Price/Rent Ratio | 12.5 | 16.0 | 18.7 |
Market Analysis
The median home value in Marengo County is 32.7% below the Alabama state average and 52.8% below the U.S. national average. The median rent of $716/month is 12.7% below the state average.
With a price-to-rent ratio of 12.5, buying a home in Marengo County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Marengo County has an owner-occupancy rate of 70.2%, compared to 73.2% in Alabama and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Dooly County | Georgia | $107,400 | $758 |
| Wayne County | Missouri | $107,400 | $665 |
| Concho County | Texas | $107,400 | $733 |
| McDonough County | Illinois | $107,500 | $761 |
| Blackford County | Indiana | $107,500 | $699 |
Other Counties in Alabama
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Marion County | $106,600 | $630 | 76.8% |
| Conecuh County | $105,300 | $834 | 74.3% |
| Macon County | $102,000 | $734 | 61.5% |
| Barbour County | $112,900 | $688 | 68.2% |
| Crenshaw County | $114,000 | $661 | 73.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).