Warren, IL 61087 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Warren, IL—61087

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$116,000

6.9% YoY Growth

Household Income

$74,600

32.1% YoY Growth

Days on Market

59.0% Longer YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

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	$116,000	6.9%
Single Family	$116,000	5.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

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% of Rental Stock

1 Bedroom

4.0%

2 Bedrooms

46.0%

3 Bedrooms

50.0%

Property Listings — Warren, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Warren, IL is 169. This is a increase of 78.0% 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	$90,000	36.0%
Listing Count	3	-56.0%
Listings as % of Homes	1.1%	-56.0%
Days on Market	21	59.0%

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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%

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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%

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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%

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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

Warren, IL—61087

Key Metrics at a Glance

Home Price Trends — Warren, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Warren, IL

% of Rental Stock

Property Listings — Warren, IL

Demographics — Warren, IL

Race and Ethnicity

Mortgage and Risk — Warren, IL

Mortgages

Rentals and Section 8 — Warren, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Warren, IL

Home Price to Income Ratio

Warren, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Winslow, IL

Kent, IL

Lena, IL

Browntown, WI

Argyle, WI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.3
Median Home Price	$116,000
Median Household Income	$74,600

Warren, IL—61087

Key Metrics at a Glance

Home Price Trends — Warren, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Warren, IL

% of Rental Stock

Property Listings — Warren, IL

Demographics — Warren, IL

Race and Ethnicity

Mortgage and Risk — Warren, IL

Mortgages

Rentals and Section 8 — Warren, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Warren, IL

Home Price to Income Ratio

Warren, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Winslow, IL

Kent, IL

Lena, IL

Browntown, WI

Argyle, WI

Frequently Asked Questions

What is the average home price in Warren, IL 61087?

How have home prices in Warren, IL 61087 changed over the past year?

What is the home price projection for Warren, IL 61087?

What are the demographics of Warren, IL 61087?

How long does it take homes to sell in Warren, IL 61087?

What is the average rent price in Warren, IL 61087?