Warsaw, IL—62379
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Warsaw, IL
As of Oct '25, the median home price in Warsaw, IL is $112,000, with a year-over-year change of 9.5%. This indicates that home prices in Warsaw, IL are increasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $112,000 | 9.5% |
| Single Family | $112,000 | 8.7% |
| 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 — Warsaw, IL
Warsaw, 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 — Warsaw, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Warsaw, IL is 36. This is a decrease of -38.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $132,000 | -18.0% |
Listing Count | 19 | 9.0% |
| Listings as % of Homes | 0.6% | 9.0% |
Days on Market | 36 | -38.0% |
Demographics — Warsaw, IL
As of the latest ACS Survey released in 2023, Warsaw, IL has a population of 1,830, which has increased by 6.0% over the past 5 years. Warsaw, IL is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 23.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,830 | 6.0% |
% Under 18 | 23.0% | -5.0% |
% Seniors | 28.8% | 47.7% |
% WFH | 13.0% | 242.1% |
% w/ College Degree | 23.4% | -3.7% |
As of the latest ACS Survey released in 2023, Warsaw, IL is a predominantly white area, with 97.2% of the population identifying as white. The white population has grown by 2.6% in the last 5 years. The second most common race or ethnicity in Warsaw, IL is hispanic, making up 0.6% of the population. Foreign-born residents account for 0.7% of the population in Warsaw, IL, and this percentage has decreased by 12.5% 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 | 97.2% | 2.6% |
% Black | 0.2% | ∞% |
% Hispanic | 0.6% | -86.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.7% | -12.5% |
Mortgage and Risk — Warsaw, IL
According to HUD data as of 2023, there were 8 mortgage originations in Warsaw, IL, of which 50.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 62.0% above 90% LTV (very high). This implies large mortgage risk in Warsaw, IL. Investor activity is low, as 0.0% of loans were by investors. 25.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 8 |
% Conventional Loans | 50.0% |
% Government Loans | 50.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 25.0% |
Loan Activity
Rentals and Section 8 — Warsaw, IL
Warsaw, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 0 |
% 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 | $1,090 |
| 4 Bedroom | N/A | N/A | $1,150 |
Affordability — Warsaw, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $112,000 |
| Median Household Income | $62,500 |