Warren, MI—48091
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 $158,000, with a year-over-year change of 2.2%. This indicates that home prices in Warren, MI are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $158,000 | 2.2% |
| Single Family | $160,000 | 1.3% |
| Condos | $145,000 | 5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $120,000 | 0.8% |
3 Bed | $178,000 | 0.6% |
4 Bed | $187,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Warren, MI
As of July '25, Rentcast reports the average rent in Warren, MI is $1,390, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Warren, MI is 1-bedrooms: $898, 2-bedrooms: $1,270, 3-bedrooms: $1,550, 4-bedrooms: $1,820. The most common rental property sizes in Warren, MI are 3-bedroom and 2-bedroom, accounting for 40.1% and 32.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,390 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $905 | $898 |
| 2 Bed Rent | $1,180 | $1,270 |
| 3 Bed Rent | $1,550 | $1,550 |
| 4 Bed Rent | $1,880 | $1,820 |
% 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 38. This is a decrease of -2.0% 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 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 | $170,000 | 9.0% |
Listing Count | 129 | 2.0% |
| Listings as % of Homes | 0.6% | 2.0% |
Days on Market | 38 | -2.0% |
Demographics — Warren, MI
As of the latest ACS Survey released in 2023, Warren, MI has a population of 30,200, which has remained stable by 0.6% over the past 5 years. Warren, MI is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 17.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,200 | 0.6% |
% Under 18 | 25.1% | 6.4% |
% Seniors | 13.3% | -1.5% |
% WFH | 11.3% | 438.1% |
% w/ College Degree | 17.1% | 19.6% |
As of the latest ACS Survey released in 2023, Warren, MI is a predominantly white area, with 47.3% of the population identifying as white. The white population has shrunk by 16.3% in the last 5 years. The second most common race or ethnicity in Warren, MI is black, making up 24.8% of the population. Foreign-born residents account for 16.3% of the population in Warren, MI, and this percentage has increased by 6.5% 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 | 47.3% | -16.3% |
% Black | 24.8% | 8.8% |
% Hispanic | 3.1% | 47.6% |
% Asian | 19.4% | 28.5% |
% Foreign Born | 16.3% | 6.5% |
Mortgage and Risk — Warren, MI
According to HUD data as of 2023, there were 500 mortgage originations in Warren, MI, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Warren, MI. Investor activity is low, as 6.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 500 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Warren, MI, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 470 |
Total Units Section 8 | 470 |
% Rentals under Section 8 | 11.5% |
% Occupied Section 8 | 88.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $215 | $905 | $1,120 |
| 2 Bedroom | $240 | $1,180 | $1,420 |
| 3 Bedroom | $190 | $1,550 | $1,740 |
| 4 Bedroom | $0 | $1,880 | $1,880 |
Affordability — Warren, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $158,000 |
| Median Household Income | $53,400 |