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Warren, MI—48091

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$155,000
1.9% YoY Growth
Household Income
$53,400
37.9% YoY Growth
Days on Market
42
0.0% Longer YoY
Home Price Forecast
2.0%
Median Rent
$1,300
1.5% YoY Growth
1-Bed Rent
$905
2.7% YoY Growth
2-Bed Rent
$1,180
4.1% YoY Growth
3-Bed Rent
$1,550
4.7% YoY Growth

Other Zip Codes in Warren, MI

48088480924809348089
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Warren, MI

As of Nov '25, the median home price in Warren, MI is $155,000, with a year-over-year change of 1.9%. This indicates that home prices in Warren, MI are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$155,0001.9%
Single Family $157,0001.3%
Condos $144,0004.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$117,0000.0%
    3 Bed
    		$175,0000.6%
    4 Bed
    		$183,0001.1%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.3%
    1 Bedroom
    7.9%
    2 Bedrooms
    29.0%
    3 Bedrooms
    53.2%
    4 Bedrooms
    8.3%
    5+ Bedrooms
    0.2%

    Rental Trends — Warren, MI

    As of July '25, Rentcast reports the average rent in Warren, MI is $1,390, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Warren, MI is 1-bedrooms: $898, 2-bedrooms: $1,270, 3-bedrooms: $1,550, 4-bedrooms: $1,820. The most common rental property sizes in Warren, MI are 3-bedroom and 2-bedroom, accounting for 40.1% and 32.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,300$1,390
    Studio Rent N/AN/A
    1 Bed Rent $905$898
    2 Bed Rent $1,180$1,270
    3 Bed Rent $1,550$1,550
    4 Bed Rent $1,880$1,820
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    % of Rental Stock

    Studio
    3.2%
    1 Bedroom
    16.5%
    2 Bedrooms
    32.4%
    3 Bedrooms
    40.1%
    4 Bedrooms
    7.5%
    5+ Bedrooms
    0.4%

    Property Listings — Warren, MI

    As of Nov '25, Realtor.com reports that the median days on market for a home in Warren, MI is 42. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$160,00010.0%
    Listing Count
    		1303.0%
    Listings as % of Homes0.6%3.0%
    Days on Market
    		420.0%
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    Demographics — Warren, MI

    As of the latest ACS Survey released in 2023, Warren, MI has a population of 30,200, which has remained stable by 0.6% over the past 5 years. Warren, MI is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 17.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		30,2000.6%
    % Under 18
    		25.1%6.4%
    % Seniors
    		13.3%-1.5%
    % WFH
    		11.3%438.1%
    % w/ College Degree
    		17.1%19.6%
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    As of the latest ACS Survey released in 2023, Warren, MI is a predominantly white area, with 47.3% of the population identifying as white. The white population has shrunk by 16.3% in the last 5 years. The second most common race or ethnicity in Warren, MI is black, making up 24.8% of the population. Foreign-born residents account for 16.3% of the population in Warren, MI, and this percentage has increased by 6.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		47.3%-16.3%
    % Black
    		24.8%8.8%
    % Hispanic
    		3.1%47.6%
    % Asian
    		19.4%28.5%
    % Foreign Born
    		16.3%6.5%
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    Mortgage and Risk — Warren, MI

    According to HUD data as of 2023, there were 500 mortgage originations in Warren, MI, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Warren, MI. Investor activity is low, as 6.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		500
    % Conventional Loans
    		82.0%
    % Government Loans
    		18.0%
    % Investor Loans
    		6.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Warren, MI

    As of 2024, the percent of homes in Warren, MI under the Section 8 program is 11.5%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Warren, MI, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		470
    Total Units Section 8
    		470
    % Rentals under Section 8
    		11.5%
    % Occupied Section 8
    		88.8%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$215$905$1,120
    2 Bedroom$240$1,180$1,420
    3 Bedroom$190$1,550$1,740
    4 Bedroom$0$1,880$1,880

    Affordability — Warren, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.6
    Median Home Price$155,000
    Median Household Income$53,400

    Warren, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Center Line, MI

    48015

    Hazel Park, MI

    48030

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    Warren, MI

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    Hamtramck, MI

    48212

    Frequently Asked Questions