Warren—01083
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Warren
As of Oct '25, the median home price in Warren is $347,000, with a year-over-year change of -2.3%. This indicates that home prices in Warren are decreasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $347,000 | -2.3% |
| Single Family | $351,000 | -2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $288,000 | -5.9% |
3 Bed | $361,000 | -2.7% |
4 Bed | $372,000 | -1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Warren
As of July '25, Rentcast reports the average rent in Warren is $1,920, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Warren is 3-bedrooms: $1,920. The most common rental property sizes in Warren are 1-bedroom and 3-bedroom, accounting for 42.4% and 21.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,920 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,900 | $1,920 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Warren
As of Oct '25, Realtor.com reports that the median days on market for a home in Warren is 21. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $288,000 | -2.0% |
Listing Count | 11 | -12.0% |
| Listings as % of Homes | 0.3% | -12.0% |
Days on Market | 21 | -21.0% |
Demographics — Warren
As of the latest ACS Survey released in 2023, Warren has a population of 2,750, which has decreased by -8.0% over the past 5 years. Warren is a popular place for families, as children make up 27.5% of the population. The area has a moderately educated workforce, with 37.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,750 | -8.0% |
% Under 18 | 27.5% | 28.5% |
% Seniors | 11.2% | -11.1% |
% WFH | 12.7% | 49.4% |
% w/ College Degree | 37.5% | 77.7% |
As of the latest ACS Survey released in 2023, Warren is a predominantly white area, with 89.0% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Warren is hispanic, making up 5.7% of the population. Foreign-born residents account for 4.1% of the population in Warren, and this percentage has decreased by 10.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.0% | -6.4% |
% Black | 1.2% | ∞% |
% Hispanic | 5.7% | ∞% |
% Asian | 5.4% | 10.2% |
% Foreign Born | 4.1% | -10.9% |
Mortgage and Risk — Warren
According to HUD data as of 2023, there were 98 mortgage originations in Warren, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Warren. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 98 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Warren
Warren lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 16 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,220 |
| 2 Bedroom | N/A | N/A | $1,540 |
| 3 Bedroom | $260 | $1,900 | $2,160 |
| 4 Bedroom | N/A | N/A | $2,590 |
Affordability — Warren
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $347,000 |
| Median Household Income | $92,600 |