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  1. Home
  2. /Browse ZIP Codes
  3. /Indiana
  4. /Warsaw, IN - 46580

Warsaw, IN—46580

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$258,000
4.3% YoY Growth
Household Income
$71,000
25.8% YoY Growth
Days on Market
44
8.0% Shorter YoY
Home Price Forecast
2.6%
Median Rent
$945
9.6% YoY Growth
1-Bed Rent
$790
25.6% YoY Growth
2-Bed Rent
$995
11.1% YoY Growth
3-Bed Rent
N/A
N/A

Other Zip Codes in Warsaw, IN

46582
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Warsaw, IN

As of May '26, the median home price in Warsaw, IN is $258,000, with a year-over-year change of 4.3%. This indicates that home prices in Warsaw, IN are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$258,0004.3%
Single Family $258,0004.5%
Condos $233,0002.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $140,000
    -2.1%
    2 Bed
    		$186,0002.2%
    3 Bed
    		$252,0004.6%
    4 Bed
    		$340,0004.9%
    5 Bed $421,2694.8%
    Loading chart...

    % of Housing Stock

    Studio
    1.1%
    1 Bedroom
    7.0%
    2 Bedrooms
    22.6%
    3 Bedrooms
    53.1%
    4 Bedrooms
    14.1%
    5+ Bedrooms
    2.1%

    Rental Trends — Warsaw, IN

    As of July '25, Rentcast reports the average rent in Warsaw, IN is $1,140, with a year-over-year rent change of 9.6%. Per bedroom, the median rent as of July '25 in Warsaw, IN is studios: $725, 1-bedrooms: $794, 2-bedrooms: $1,040, 4-bedrooms: $2,770. The most common rental property sizes in Warsaw, IN are 2-bedroom and 3-bedroom, accounting for 50.9% and 23.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$945$1,140
    Studio Rent $725$725
    1 Bed Rent $790$794
    2 Bed Rent $995$1,040
    3 Bed Rent N/AN/A
    4 Bed Rent $2,300$2,770
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    % of Rental Stock

    1 Bedroom
    22.4%
    2 Bedrooms
    50.9%
    3 Bedrooms
    23.3%
    4 Bedrooms
    1.8%
    5+ Bedrooms
    1.7%

    Property Listings — Warsaw, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Warsaw, IN is 44. This is a decrease of -8.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$395,00026.0%
    Listing Count
    		531.0%
    Listings as % of Homes0.4%1.0%
    Days on Market
    		44-8.0%
    Loading chart...

    Demographics — Warsaw, IN

    As of the latest ACS Survey released in 2023, Warsaw, IN has a population of 21,800, which has remained stable by 0.5% over the past 5 years. Warsaw, IN is a moderately popular place for families, as children make up 24.4% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		21,8000.5%
    % Under 18
    		24.4%2.5%
    % Seniors
    		15.8%-1.2%
    % WFH
    		8.5%129.7%
    % w/ College Degree
    		24.5%-0.4%
    Loading chart...

    As of the latest ACS Survey released in 2023, Warsaw, IN is a predominantly white area, with 82.8% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Warsaw, IN is hispanic, making up 12.6% of the population. Foreign-born residents account for 6.3% of the population in Warsaw, IN, and this percentage has increased by 10.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		82.8%-3.3%
    % Black
    		0.8%-46.7%
    % Hispanic
    		12.6%44.8%
    % Asian
    		0.8%-42.9%
    % Foreign Born
    		6.3%10.5%
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    Mortgage and Risk — Warsaw, IN

    According to HUD data as of 2023, there were 547 mortgage originations in Warsaw, IN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Warsaw, IN. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		547
    % Conventional Loans
    		85.0%
    % Government Loans
    		15.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		15.0%
    Loading chart...
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    Rentals and Section 8 — Warsaw, IN

    Warsaw, IN lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		330
    Total Units Section 8
    		330
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		84.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$70$790$860
    2 Bedroom$65$995$1,060
    3 BedroomN/AN/A$1,300
    4 Bedroom-$810$2,300$1,490

    Affordability — Warsaw, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$258,000
    Median Household Income$71,000

    Warsaw, IN — ZIP Code Boundary Map

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    Frequently Asked Questions