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Warren Township, Indianapolis, IN—46231

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$253,000
1.5% YoY Growth
Household Income
$76,800
21.0% YoY Growth
Days on Market
76
11.0% Longer YoY
Home Price Forecast
2.2%
Median Rent
$1,790
7.1% YoY Growth
1-Bed Rent
$950
5.9% YoY Growth
2-Bed Rent
$995
N/A
3-Bed Rent
$1,860
5.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Warren Township, Indianapolis, IN

As of Dec '25, the median home price in Warren Township, Indianapolis, IN is $253,000, with a year-over-year change of 1.5%. This indicates that home prices in Warren Township, Indianapolis, IN are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$253,0001.5%
Single Family $254,0001.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$243,0001.7%
    3 Bed
    		$242,0001.3%
    4 Bed
    		$297,0000.7%
    5 Bed $351,9230.4%
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    % of Housing Stock

    Studio
    0.5%
    1 Bedroom
    3.9%
    2 Bedrooms
    8.9%
    3 Bedrooms
    52.8%
    4 Bedrooms
    29.3%
    5+ Bedrooms
    4.6%

    Rental Trends — Warren Township, Indianapolis, IN

    As of July '25, Rentcast reports the average rent in Warren Township, Indianapolis, IN is $1,690, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Warren Township, Indianapolis, IN is 1-bedrooms: $953, 2-bedrooms: $1,070, 3-bedrooms: $1,880, 4-bedrooms: $2,150. The most common rental property sizes in Warren Township, Indianapolis, IN are 3-bedroom and 4-bedroom, accounting for 52.1% and 21.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,790$1,690
    Studio Rent N/AN/A
    1 Bed Rent $950$953
    2 Bed Rent $995$1,070
    3 Bed Rent $1,860$1,880
    4 Bed Rent $1,900$2,150
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    % of Rental Stock

    1 Bedroom
    15.1%
    2 Bedrooms
    11.4%
    3 Bedrooms
    52.1%
    4 Bedrooms
    21.3%

    Property Listings — Warren Township, Indianapolis, IN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Warren Township, Indianapolis, IN is 58. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$265,000-2.0%
    Listing Count
    		3313.0%
    Listings as % of Homes0.5%13.0%
    Days on Market
    		7611.0%
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    Demographics — Warren Township, Indianapolis, IN

    As of the latest ACS Survey released in 2023, Warren Township, Indianapolis, IN has a population of 11,000, which has increased by 6.2% over the past 5 years. Warren Township, Indianapolis, IN is a popular place for families, as children make up 26.8% of the population. The area has a poorly educated workforce, with 19.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		11,0006.2%
    % Under 18
    		26.8%-8.2%
    % Seniors
    		12.2%16.2%
    % WFH
    		5.3%-48.0%
    % w/ College Degree
    		19.1%-14.7%
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    As of the latest ACS Survey released in 2023, Warren Township, Indianapolis, IN is a predominantly white area, with 46.3% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Warren Township, Indianapolis, IN is hispanic, making up 20.2% of the population. Foreign-born residents account for 27.9% of the population in Warren Township, Indianapolis, IN, and this percentage has increased by 60.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		46.3%-3.9%
    % Black
    		17.4%-40.0%
    % Hispanic
    		20.2%59.1%
    % Asian
    		12.2%58.4%
    % Foreign Born
    		27.9%60.3%
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    Mortgage and Risk — Warren Township, Indianapolis, IN

    According to HUD data as of 2023, there were 135 mortgage originations in Warren Township, Indianapolis, IN, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Warren Township, Indianapolis, IN. Investor activity is low, as 1.0% of loans were by investors. 25.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		135
    % Conventional Loans
    		64.0%
    % Government Loans
    		36.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		25.0%
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    Rentals and Section 8 — Warren Township, Indianapolis, IN

    As of 2024, the percent of homes in Warren Township, Indianapolis, IN under the Section 8 program is 1.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Warren Township, Indianapolis, IN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		102
    Total Units Section 8
    		102
    % Rentals under Section 8
    		1.1%
    % Occupied Section 8
    		88.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$580$950$1,530
    2 Bedroom$795$995$1,790
    3 Bedroom$470$1,860$2,330
    4 Bedroom$930$1,900$2,830

    Affordability — Warren Township, Indianapolis, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$253,000
    Median Household Income$76,800

    Warren Township, Indianapolis, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    West Indianapolis, Indianapolis, IN

    46241

    Plainfield, IN

    46168

    Lawrence Township, Indianapolis, IN

    46214

    Avon, IN

    46123

    Fishers West, Indianapolis, IN

    46113

    Frequently Asked Questions