Warren, MI—48093
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 $221,000, with a year-over-year change of 3.6%. This indicates that home prices in Warren, MI are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $221,000 | 3.7% |
| Single Family | $242,000 | 3.0% |
| Condos | $142,000 | 5.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $150,000 | 2.7% |
3 Bed | $244,000 | 2.1% |
4 Bed | $309,000 | 3.0% |
| 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 $1,580, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Warren, MI is studios: $2,080, 1-bedrooms: $1,030, 2-bedrooms: $1,360, 3-bedrooms: $1,890, 4-bedrooms: $2,170. The most common rental property sizes in Warren, MI are 2-bedroom and 1-bedroom, accounting for 37.0% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,580 |
| Studio Rent | $2,080 | $2,080 |
| 1 Bed Rent | $1,000 | $1,030 |
| 2 Bed Rent | $1,260 | $1,360 |
| 3 Bed Rent | $1,900 | $1,890 |
| 4 Bed Rent | $2,300 | $2,170 |
% 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 36. This is a increase of 35.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | 3.0% |
Listing Count | 82 | 18.0% |
| Listings as % of Homes | 0.5% | 18.0% |
Days on Market | 36 | 35.0% |
Demographics — Warren, MI
As of the latest ACS Survey released in 2023, Warren, MI has a population of 24,500, which has decreased by -1.6% over the past 5 years. Warren, MI is a moderately popular place for families, as children make up 19.7% of the population. The area has a moderately educated workforce, with 25.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,500 | -1.6% |
% Under 18 | 19.7% | 3.1% |
% Seniors | 19.9% | 2.1% |
% WFH | 14.6% | 461.5% |
% w/ College Degree | 25.9% | 9.7% |
As of the latest ACS Survey released in 2023, Warren, MI is a predominantly white area, with 66.0% of the population identifying as white. The white population has shrunk by 13.6% in the last 5 years. The second most common race or ethnicity in Warren, MI is black, making up 18.1% of the population. Foreign-born residents account for 15.3% of the population in Warren, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.0% | -13.6% |
% Black | 18.1% | 24.8% |
% Hispanic | 1.3% | -43.5% |
% Asian | 9.1% | 116.7% |
% Foreign Born | 15.3% | 0.0% |
Mortgage and Risk — Warren, MI
According to HUD data as of 2023, there were 516 mortgage originations in Warren, MI, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Warren, MI. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 516 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Warren, MI
As of 2024, the percent of homes in Warren, MI under the Section 8 program is 4.7%. 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 units appear to be good home sizes to consider for Section 8 housing in Warren, MI, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 119 |
Total Units Section 8 | 119 |
% Rentals under Section 8 | 4.7% |
% Occupied Section 8 | 91.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,000 | $1,030 |
| 2 Bedroom | $40 | $1,260 | $1,300 |
| 3 Bedroom | -$310 | $1,900 | $1,590 |
| 4 Bedroom | -$580 | $2,300 | $1,720 |
Affordability — Warren, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $221,000 |
| Median Household Income | $66,400 |