Warren, MI—48089
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Warren, MI
As of Oct '25, the median home price in Warren, MI is $129,000, with a year-over-year change of 2.7%. This indicates that home prices in Warren, MI 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 | $129,000 | 2.7% |
| Single Family | $128,000 | 2.4% |
| Condos | $159,000 | 3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $99,000 | 1.0% |
3 Bed | $146,000 | 2.1% |
4 Bed | $151,000 | 2.7% |
| 5 Bed | $172,000 | 4.2% |
% of Housing Stock
Rental Trends — Warren, MI
As of July '25, Rentcast reports the average rent in Warren, MI is $1,280, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Warren, MI is 1-bedrooms: $1,000, 2-bedrooms: $1,170, 3-bedrooms: $1,410, 4-bedrooms: $1,500. The most common rental property sizes in Warren, MI are 3-bedroom and 2-bedroom, accounting for 42.6% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,000 |
| 2 Bed Rent | $1,130 | $1,170 |
| 3 Bed Rent | $1,350 | $1,410 |
| 4 Bed Rent | $1,500 | $1,500 |
% of Rental Stock
Property Listings — Warren, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Warren, MI is 34. This is a increase of 16.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $140,000 | 4.0% |
Listing Count | 174 | 14.0% |
| Listings as % of Homes | 0.6% | 14.0% |
Days on Market | 34 | 16.0% |
Demographics — Warren, MI
As of the latest ACS Survey released in 2023, Warren, MI has a population of 32,100, which has increased by 1.9% over the past 5 years. Warren, MI is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 11.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,100 | 1.9% |
% Under 18 | 23.8% | -4.4% |
% Seniors | 12.0% | 3.4% |
% WFH | 7.1% | 491.7% |
% w/ College Degree | 11.4% | 29.5% |
As of the latest ACS Survey released in 2023, Warren, MI is a predominantly white area, with 53.2% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Warren, MI is black, making up 31.4% of the population. Foreign-born residents account for 5.2% of the population in Warren, MI, and this percentage has decreased by 7.1% 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 | 53.2% | -10.0% |
% Black | 31.4% | 0.6% |
% Hispanic | 2.8% | 40.0% |
% Asian | 6.9% | 46.8% |
% Foreign Born | 5.2% | -7.1% |
Mortgage and Risk — Warren, MI
According to HUD data as of 2023, there were 501 mortgage originations in Warren, MI, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Warren, MI. Investor activity is low, as 10.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 501 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 10.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Warren, MI
As of 2024, the percent of homes in Warren, MI under the Section 8 program is 11.5%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Warren, MI, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 651 |
Total Units Section 8 | 651 |
% Rentals under Section 8 | 11.5% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,050 | $1,050 |
| 2 Bedroom | $200 | $1,130 | $1,330 |
| 3 Bedroom | $280 | $1,350 | $1,630 |
| 4 Bedroom | $260 | $1,500 | $1,760 |
Affordability — Warren, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $129,000 |
| Median Household Income | $53,100 |