Warsaw, IN—46582
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Warsaw, IN
Home Price Trends — Warsaw, IN
As of Oct '25, the median home price in Warsaw, IN is $298,000, with a year-over-year change of 1.3%. This indicates that home prices in Warsaw, IN are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $298,000 | 1.3% |
| Single Family | $301,000 | 1.3% |
| Condos | $243,000 | 4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $159,000 | -2.5% |
2 Bed | $239,000 | 1.3% |
3 Bed | $295,000 | 1.7% |
4 Bed | $378,000 | 1.6% |
| 5 Bed | $452,000 | 1.8% |
% of Housing Stock
Rental Trends — Warsaw, IN
As of July '25, Rentcast reports the average rent in Warsaw, IN is $1,180, with a year-over-year rent change of -16.3%. Per bedroom, the median rent as of July '25 in Warsaw, IN is studios: $730, 1-bedrooms: $1,030, 2-bedrooms: $1,120, 3-bedrooms: $2,300, 4-bedrooms: $2,000. The most common rental property sizes in Warsaw, IN are 2-bedroom and 3-bedroom, accounting for 64.0% and 21.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,030 | $1,180 |
| Studio Rent | $730 | $730 |
| 1 Bed Rent | $1,000 | $1,030 |
| 2 Bed Rent | $995 | $1,120 |
| 3 Bed Rent | $2,300 | $2,300 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Warsaw, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Warsaw, IN is 51. This is a increase of 58.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $370,000 | 0.0% |
Listing Count | 31 | -16.0% |
| Listings as % of Homes | 0.4% | -16.0% |
Days on Market | 51 | 58.0% |
Demographics — Warsaw, IN
As of the latest ACS Survey released in 2023, Warsaw, IN has a population of 14,500, which has increased by 7.0% over the past 5 years. Warsaw, IN is a popular place for families, as children make up 27.5% of the population. The area has a moderately educated workforce, with 34.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,500 | 7.0% |
% Under 18 | 27.5% | 2.2% |
% Seniors | 14.8% | 13.0% |
% WFH | 10.3% | 221.9% |
% w/ College Degree | 34.5% | 30.7% |
As of the latest ACS Survey released in 2023, Warsaw, IN is a predominantly white area, with 74.7% of the population identifying as white. The white population has shrunk by 8.2% in the last 5 years. The second most common race or ethnicity in Warsaw, IN is hispanic, making up 15.6% of the population. Foreign-born residents account for 10.9% of the population in Warsaw, IN, and this percentage has increased by 23.9% 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 | 74.7% | -8.2% |
% Black | 1.8% | 80.0% |
% Hispanic | 15.6% | 12.2% |
% Asian | 5.7% | 72.7% |
% Foreign Born | 10.9% | 23.9% |
Mortgage and Risk — Warsaw, IN
According to HUD data as of 2023, there were 400 mortgage originations in Warsaw, IN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Warsaw, IN. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 400 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 0.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Warsaw, IN
Warsaw, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 52 |
Total Units Section 8 | 32 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $1,000 | $920 |
| 2 Bedroom | $145 | $995 | $1,140 |
| 3 Bedroom | -$900 | $2,300 | $1,400 |
| 4 Bedroom | -$400 | $2,000 | $1,600 |
Affordability — Warsaw, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $298,000 |
| Median Household Income | $67,200 |