Warren Township, Indianapolis, IN—46231
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Warren Township, Indianapolis, IN
As of Oct '25, the median home price in Warren Township, Indianapolis, IN is $255,000, 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 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $255,000 | 1.5% |
| Single Family | $255,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $243,000 | 2.1% |
3 Bed | $244,000 | 1.7% |
4 Bed | $298,000 | 1.0% |
| 5 Bed | $351,000 | 0.3% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,790 | $1,690 |
| Studio Rent | N/A | N/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 |
% of Rental Stock
Property Listings — Warren Township, Indianapolis, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Warren Township, Indianapolis, IN is 47. This is a increase 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $292,000 | 9.0% |
Listing Count | 36 | -13.0% |
| Listings as % of Homes | 0.5% | -13.0% |
Days on Market | 47 | 1.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,000 | 6.2% |
% Under 18 | 26.8% | -8.2% |
% Seniors | 12.2% | 16.2% |
% WFH | 5.3% | -48.0% |
% w/ College Degree | 19.1% | -14.7% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $255,000 |
| Median Household Income | $76,800 |