Warrendale, Detroit, MI—48228
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Warrendale, Detroit, MI
As of Oct '25, the median home price in Warrendale, Detroit, MI is $69,000, with a year-over-year change of 4.6%. This indicates that home prices in Warrendale, Detroit, MI are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $69,000 | 4.6% |
| Single Family | $69,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $57,000 | 5.6% |
3 Bed | $74,000 | 2.8% |
4 Bed | $95,000 | 5.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Warrendale, Detroit, MI
As of July '25, Rentcast reports the average rent in Warrendale, Detroit, MI is $1,190, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Warrendale, Detroit, MI is studios: $940, 1-bedrooms: $809, 2-bedrooms: $1,050, 3-bedrooms: $1,290, 4-bedrooms: $1,580. The most common rental property sizes in Warrendale, Detroit, MI are 3-bedroom and 2-bedroom, accounting for 44.1% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,190 |
| Studio Rent | $940 | $940 |
| 1 Bed Rent | $840 | $809 |
| 2 Bed Rent | $1,050 | $1,050 |
| 3 Bed Rent | $1,300 | $1,290 |
| 4 Bed Rent | $1,640 | $1,580 |
% of Rental Stock
Property Listings — Warrendale, Detroit, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Warrendale, Detroit, MI is 56. This is a increase of 5.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $89,900 | 12.0% |
Listing Count | 270 | 13.0% |
| Listings as % of Homes | 0.6% | 13.0% |
Days on Market | 56 | 5.0% |
Demographics — Warrendale, Detroit, MI
As of the latest ACS Survey released in 2023, Warrendale, Detroit, MI has a population of 52,700, which has decreased by -5.4% over the past 5 years. Warrendale, Detroit, MI is a popular place for families, as children make up 30.2% of the population. The area has a poorly educated workforce, with 10.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,700 | -5.4% |
% Under 18 | 30.2% | -3.2% |
% Seniors | 11.8% | 16.8% |
% WFH | 5.2% | 15.6% |
% w/ College Degree | 10.8% | 8.0% |
As of the latest ACS Survey released in 2023, Warrendale, Detroit, MI is a predominantly black area, with 71.9% of the population identifying as black. The black population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Warrendale, Detroit, MI is white, making up 16.5% of the population. Foreign-born residents account for 10.5% of the population in Warrendale, Detroit, MI, and this percentage has increased by 20.7% 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 | 16.5% | 3.8% |
% Black | 71.9% | -4.6% |
% Hispanic | 6.3% | 12.5% |
% Asian | 0.2% | 100.0% |
% Foreign Born | 10.5% | 20.7% |
Mortgage and Risk — Warrendale, Detroit, MI
According to HUD data as of 2023, there were 211 mortgage originations in Warrendale, Detroit, MI, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Warrendale, Detroit, MI. Investor activity is low, as 6.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 211 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Warrendale, Detroit, MI
As of 2024, the percent of homes in Warrendale, Detroit, MI under the Section 8 program is 21.2%. This is considered high, suggesting that the neighborhood is heavily 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 Warrendale, Detroit, MI, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,402 |
Total Units Section 8 | 2,026 |
% Rentals under Section 8 | 21.2% |
% Occupied Section 8 | 87.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $840 | $920 |
| 2 Bedroom | $120 | $1,050 | $1,170 |
| 3 Bedroom | $140 | $1,300 | $1,440 |
| 4 Bedroom | -$90 | $1,640 | $1,550 |
Affordability — Warrendale, Detroit, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $69,000 |
| Median Household Income | $31,500 |