Warren, IL—61087
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Warren, IL
Warren, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $114,000 | 7.8% |
| Single Family | $114,000 | 6.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Warren, IL
Warren, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Warren, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Warren, IL is 108. This is a increase of 20.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | 8.0% |
Listing Count | 5 | -43.0% |
| Listings as % of Homes | 1.1% | -43.0% |
Days on Market | 108 | 20.0% |
Demographics — Warren, IL
As of the latest ACS Survey released in 2023, Warren, IL has a population of 1,650, which has increased by 10.4% over the past 5 years. Warren, IL is a popular place for families, as children make up 25.6% of the population. The area has a poorly educated workforce, with 13.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,650 | 10.4% |
% Under 18 | 25.6% | 28.0% |
% Seniors | 23.7% | -2.5% |
% WFH | 6.6% | 40.4% |
% w/ College Degree | 13.9% | 1.5% |
As of the latest ACS Survey released in 2023, Warren, IL is a predominantly white area, with 90.7% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Warren, IL is hispanic, making up 5.4% of the population. Foreign-born residents account for 1.2% of the population in Warren, IL, and this percentage has decreased by 58.6% 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 | 90.7% | -2.6% |
% Black | 0.1% | -90.9% |
% Hispanic | 5.4% | 157.1% |
% Asian | 0.6% | -45.5% |
% Foreign Born | 1.2% | -58.6% |
Mortgage and Risk — Warren, IL
According to HUD data as of 2023, there were 19 mortgage originations in Warren, IL, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Warren, IL. Investor activity is low, as 0.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 19 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Warren, IL
Warren, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 22 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,150 |
| 4 Bedroom | N/A | N/A | $1,150 |
Affordability — Warren, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.2 |
| Median Home Price | $114,000 |
| Median Household Income | $74,600 |