Housing in Warren Park

A typical Warren Park home is worth roughly $215,000

Home prices around Warren Park have risen about 47% over the past 5 years.

Typical home value

$215K

▲ 2.8% in a year · IN $260K

Estimate

2-bedroom rent

$1,340

a month, utilities in · HUD

Median tax bill

$1,712

IN $1,614

What kind of housing town is Warren Park?

Read from the numbers below. The page puts what stands out first.

A renters’ town62% of households rent.Your money goes further17% below the Indiana typical home.

★ What stands out · Renting

A two-bedroom rents for about $1,340

Renters already here pay a median of $952, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$1,020

1 bedroom$1,150

2 bedrooms$1,340

3 bedrooms$1,740

4 bedrooms$2,130

62%

of households rent · IN 29%

476

renter households

63%

of renters spend 30%+ of income on rent · IN 48%

37%

of the median income, for a two-bedroom

$952

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Indianapolis-Carmel, IN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Affordability

A typical home costs 5 years of income

More than across Indiana (3.6 years). Try your own numbers below.

You could afford about

$167,000

Typical Warren Park home $215K

That’s $48K short of a typical Warren Park home.

The typical home, each month

$1,290

Loan $1,070Tax $170Insurance $60

A two-bedroom rents for about $1,340 a month here, $50 more than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Warren Park’s typical property tax (0.92% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Price trend

Home prices up 47% in 5 years

The federal house price index for the ZIP code around Warren Park rose 47% over the past 5 years, slower than across Indiana (53%). Last year prices rose 2.8%. Carrying the Census median home value forward with that index puts the typical Warren Park home at roughly $215,000 today.

Warren Park areaIndiana

+2.8%

past year

+47%

past 5 years

+109%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $215K.

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Warren Park, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

The homes

38% of Warren Park households own their home

Half of Warren Park’s homes were built before 1963.

Owners and renters

Own 38%Rent 62%

Indiana: 71% own.

1963

typical home built · IN 1976

$1,712

median property tax bill · IN $1,614

0.92%

of a home’s value, a year in tax · IN 0.74%

U.S. Census Bureau, American Community Survey 2020-2024.

Neighbors talk housing

What Warren Park buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Warren Park still affordable for young families?

Your answer becomes a post in Town Square.

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Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.