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Warren, MI—48093

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$228,000
1.4% YoY Growth
Household Income
$66,400
28.1% YoY Growth
Days on Market
36
14.0% Longer YoY
Home Price Forecast
1.0%
Median Rent
$1,600
7.1% YoY Growth
1-Bed Rent
$1,000
45.2% YoY Growth
2-Bed Rent
$1,260
9.9% YoY Growth
3-Bed Rent
$1,900
8.6% YoY Growth

Other Zip Codes in Warren, MI

48088480924809148089
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Warren, MI

As of May '26, the median home price in Warren, MI is $228,000, with a year-over-year change of 1.4%. This indicates that home prices in Warren, MI are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$228,0001.4%
Single Family $249,0000.4%
Condos $143,0002.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$149,000-0.7%
    3 Bed
    		$251,0000.4%
    4 Bed
    		$321,0000.6%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.9%
    1 Bedroom
    11.0%
    2 Bedrooms
    22.6%
    3 Bedrooms
    53.4%
    4 Bedrooms
    10.6%
    5+ Bedrooms
    0.6%

    Rental Trends — Warren, MI

    As of July '25, Rentcast reports the average rent in Warren, MI is $1,580, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Warren, MI is studios: $2,080, 1-bedrooms: $1,030, 2-bedrooms: $1,360, 3-bedrooms: $1,890, 4-bedrooms: $2,170. The most common rental property sizes in Warren, MI are 2-bedroom and 1-bedroom, accounting for 37.0% and 30.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,580
    Studio Rent $2,080$2,080
    1 Bed Rent $1,000$1,030
    2 Bed Rent $1,260$1,360
    3 Bed Rent $1,900$1,890
    4 Bed Rent $2,300$2,170
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    % of Rental Stock

    Studio
    5.5%
    1 Bedroom
    30.8%
    2 Bedrooms
    37.0%
    3 Bedrooms
    19.2%
    4 Bedrooms
    7.6%

    Property Listings — Warren, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Warren, MI is 36. This is a increase of 14.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$250,000-2.0%
    Listing Count
    		9131.0%
    Listings as % of Homes0.5%31.0%
    Days on Market
    		3614.0%
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    Demographics — Warren, MI

    As of the latest ACS Survey released in 2023, Warren, MI has a population of 24,500, which has decreased by -1.6% over the past 5 years. Warren, MI is a moderately popular place for families, as children make up 19.7% of the population. The area has a moderately educated workforce, with 25.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		24,500-1.6%
    % Under 18
    		19.7%3.1%
    % Seniors
    		19.9%2.1%
    % WFH
    		14.6%461.5%
    % w/ College Degree
    		25.9%9.7%
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    As of the latest ACS Survey released in 2023, Warren, MI is a predominantly white area, with 66.0% of the population identifying as white. The white population has shrunk by 13.6% in the last 5 years. The second most common race or ethnicity in Warren, MI is black, making up 18.1% of the population. Foreign-born residents account for 15.3% of the population in Warren, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		66.0%-13.6%
    % Black
    		18.1%24.8%
    % Hispanic
    		1.3%-43.5%
    % Asian
    		9.1%116.7%
    % Foreign Born
    		15.3%0.0%
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    Mortgage and Risk — Warren, MI

    According to HUD data as of 2023, there were 516 mortgage originations in Warren, MI, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Warren, MI. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		516
    % Conventional Loans
    		84.0%
    % Government Loans
    		16.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		16.0%
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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 4.7%. 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 units appear to be good home sizes to consider for Section 8 housing in Warren, MI, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		119
    Total Units Section 8
    		119
    % Rentals under Section 8
    		4.7%
    % Occupied Section 8
    		91.6%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$30$1,000$1,030
    2 Bedroom$40$1,260$1,300
    3 Bedroom-$310$1,900$1,590
    4 Bedroom-$580$2,300$1,720

    Affordability — Warren, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$228,000
    Median Household Income$66,400

    Warren, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Warren, MI

    48088

    Center Line, MI

    48015

    Sterling Heights, MI

    48312

    Warren, MI

    48092

    Warren, MI

    48089

    Frequently Asked Questions