Warren, MI—48092
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 $242,000, 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 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $242,000 | 2.2% |
| Single Family | $243,000 | 1.7% |
| Condos | $236,000 | 3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $220,000 | 1.9% |
3 Bed | $249,000 | 1.6% |
4 Bed | $302,000 | 2.0% |
| 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 $1,890, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Warren, MI is 1-bedrooms: $979, 2-bedrooms: $1,960, 3-bedrooms: $1,980, 4-bedrooms: $2,560. The most common rental property sizes in Warren, MI are 3-bedroom and 1-bedroom, accounting for 33.9% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,890 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $908 | $979 |
| 2 Bed Rent | $2,000 | $1,960 |
| 3 Bed Rent | $2,000 | $1,980 |
| 4 Bed Rent | $2,400 | $2,560 |
% 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 28. This is a increase of 2.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $258,000 | -3.0% |
Listing Count | 81 | 1.0% |
| Listings as % of Homes | 0.4% | 1.0% |
Days on Market | 28 | 2.0% |
Demographics — Warren, MI
As of the latest ACS Survey released in 2023, Warren, MI has a population of 27,900, which has increased by 3.6% over the past 5 years. Warren, MI is a moderately popular place for families, as children make up 20.3% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,900 | 3.6% |
% Under 18 | 20.3% | 0.5% |
% Seniors | 17.7% | 1.1% |
% WFH | 10.6% | 523.5% |
% w/ College Degree | 26.7% | 17.1% |
As of the latest ACS Survey released in 2023, Warren, MI is a predominantly white area, with 63.2% of the population identifying as white. The white population has shrunk by 13.8% in the last 5 years. The second most common race or ethnicity in Warren, MI is asian, making up 17.4% of the population. Foreign-born residents account for 21.5% of the population in Warren, MI, and this percentage has decreased by 5.7% 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 | 63.2% | -13.8% |
% Black | 13.6% | 34.7% |
% Hispanic | 2.2% | 22.2% |
% Asian | 17.4% | 37.0% |
% Foreign Born | 21.5% | -5.7% |
Mortgage and Risk — Warren, MI
According to HUD data as of 2023, there were 494 mortgage originations in Warren, MI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Warren, MI. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 494 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Warren, MI
As of 2024, the percent of homes in Warren, MI under the Section 8 program is 1.6%. 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 units appear to be good home sizes to consider for Section 8 housing in Warren, MI, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 106 |
Total Units Section 8 | 39 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $222 | $908 | $1,130 |
| 2 Bedroom | -$570 | $2,000 | $1,430 |
| 3 Bedroom | -$250 | $2,000 | $1,750 |
| 4 Bedroom | -$500 | $2,400 | $1,900 |
Affordability — Warren, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $242,000 |
| Median Household Income | $71,800 |