Home Values in Warren, Michigan — 2026 Market Report
Updated March 2026 | Balanced Market | +4.8% YoY
The median home value in Warren, Michigan is $175,000 as of March 2026, which is below the national median of $400,000. Home values in Warren have increased by 4.8% over the past year and 26.4% over the last five years. With a population of 139,387 and a median household income of $48,250, the price-to-income ratio stands at 3.6x, making Warren affordable for the average household.
Warren Housing Market Conditions
| Metric | Warren | National Avg |
|---|---|---|
| Median Home Value | $175,000 | $400,000 |
| YoY Appreciation | +4.8% | +3.8% |
| 5-Year Appreciation | +26.4% | +22.4% |
| Price per Sq Ft | $57 | $222 |
| Days on Market | 51 days | 45 days |
| Months of Supply | 3.9 | 3.5 |
| List-to-Sale Ratio | 100.2% | 98.5% |
| Monthly Homes Sold | 64 | — |
| Foreclosure Rate | 0.51% | 0.3% |
Home Value Trends in Warren
A homeowner who purchased at the median price of $138,449 five years ago in Warren would have gained approximately $36,551 in equity, representing a 26.4% return on investment. Over the past year alone, the typical homeowner gained $8,015 in home equity.
Affordability in Warren, MI
With a median household income of $48,250 and a median home price of $175,000, the price-to-income ratio in Warren is 3.6x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,117 compared to estimated monthly ownership costs of $1,032 gives a rent-vs-buy ratio of 0.92. In Warren, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Warren
The effective property tax rate in Michigan is 1.38%. On a home valued at $175,000, the estimated annual property tax bill is $2,415, or approximately $201/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Warren is 85.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Warren, MI?
The median home value in Warren, Michigan is $175,000 as of March 2026. Home values have changed +4.8% over the past year, with a 5-year appreciation of 26.4%.
Is Warren a buyer's or seller's market?
Warren is currently a balanced market with 3.9 months of housing supply. Homes spend an average of 51 days on market, and the list-to-sale price ratio is 100.2%. Supply and demand are relatively balanced.
Are home values going up in Warren?
Yes, home values in Warren have increased by 4.8% over the past year. The 5-year appreciation rate is 26.4%, meaning a home worth $138,449 five years ago is now worth $175,000.
Is it better to rent or buy in Warren?
The average monthly rent in Warren is $1,117, while estimated monthly homeownership costs are approximately $1,032. The price-to-rent ratio is 13.1. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Warren, Michigan is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.