Warren, RI—02885
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Warren, RI
As of Oct '25, the median home price in Warren, RI is $524,000, with a year-over-year change of -0.2%. This indicates that home prices in Warren, RI are flat. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $524,000 | -0.2% |
| Single Family | $528,000 | -0.4% |
| Condos | $400,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $300,000 | 2.0% |
2 Bed | $436,000 | -0.5% |
3 Bed | $528,000 | -0.6% |
4 Bed | $606,000 | -0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Warren, RI
As of July '25, Rentcast reports the average rent in Warren, RI is $2,380, with a year-over-year rent change of -0.8%. Per bedroom, the median rent as of July '25 in Warren, RI is studios: $1,680, 1-bedrooms: $1,970, 2-bedrooms: $2,660, 3-bedrooms: $2,500, 4-bedrooms: $4,100. The most common rental property sizes in Warren, RI are 1-bedroom and 2-bedroom, accounting for 42.2% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,280 | $2,380 |
| Studio Rent | $1,450 | $1,680 |
| 1 Bed Rent | $2,280 | $1,970 |
| 2 Bed Rent | $1,850 | $2,660 |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | $4,100 | $4,100 |
% of Rental Stock
Property Listings — Warren, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in Warren, RI is 20. This is a increase of 8.0% 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 | $506,000 | 0.0% |
Listing Count | 21 | 0.0% |
| Listings as % of Homes | 0.4% | 0.0% |
Days on Market | 20 | 8.0% |
Demographics — Warren, RI
As of the latest ACS Survey released in 2023, Warren, RI has a population of 11,100, which has increased by 6.4% over the past 5 years. Warren, RI is a less popular place for families, as children make up 13.4% of the population. The area has a moderately educated workforce, with 36.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,100 | 6.4% |
% Under 18 | 13.4% | -22.1% |
% Seniors | 24.5% | 18.4% |
% WFH | 9.8% | 263.0% |
% w/ College Degree | 36.0% | 2.0% |
As of the latest ACS Survey released in 2023, Warren, RI is a predominantly white area, with 89.9% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Warren, RI is hispanic, making up 3.7% of the population. Foreign-born residents account for 11.2% of the population in Warren, RI, and this percentage has increased by 47.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.9% | -5.5% |
% Black | 1.4% | 133.3% |
% Hispanic | 3.7% | 76.2% |
% Asian | 0.7% | 133.3% |
% Foreign Born | 11.2% | 47.4% |
Mortgage and Risk — Warren, RI
According to HUD data as of 2023, there were 178 mortgage originations in Warren, RI, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Warren, RI. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 178 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Warren, RI
As of 2024, the percent of homes in Warren, RI under the Section 8 program is 11.6%. 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. In Warren, RI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 389 |
Total Units Section 8 | 226 |
% Rentals under Section 8 | 11.6% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,010 | $2,280 | $1,270 |
| 2 Bedroom | -$300 | $1,850 | $1,550 |
| 3 Bedroom | -$630 | $2,500 | $1,870 |
| 4 Bedroom | -$1,810 | $4,100 | $2,290 |
Affordability — Warren, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $524,000 |
| Median Household Income | $89,700 |