Warsaw, IN housing market
The typical Warsaw home is worth about $283,000, up 5.2% in a year, 9% above the Indiana typical home. Homes typically sell in 48 days, below asking.
Home values, sales, trends and how Warsaw compares with the towns next door — updated as new data is published.
Warsaw at a glance
A seller's market
Supply is tight — about 2.2 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Warsaw | Indiana |
|---|---|---|
| 2017 | $154,000 | $135,000 |
| 2018 | $162,000 | $144,000 |
| 2019 | $173,000 | $154,000 |
| 2020 | $185,000 | $164,000 |
| 2021 | $202,000 | $183,000 |
| 2022 | $226,000 | $209,000 |
| 2023 | $246,000 | $227,000 |
| 2024 | $255,000 | $237,000 |
| 2025 | $267,000 | $249,000 |
| 2026 | $273,000 | $256,000 |
| August 2026 | $283,000 | $260,000 |
126 new homes permitted in 2025
Builders were permitted 126 new homes in Warsaw in 2025: 41 single-family houses and 85 in buildings with two or more homes, worth about $44.3 million to build. That's 7.5 per 1,000 residents, faster than across Indiana (6). Over the past 10 years, Warsaw has permitted 997 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Warsaw gained 2,245 residents while 1,063 new homes were permitted: about 2.1 new residents per new home. Building and growth moved roughly in step. Across Indiana: 1.7 new residents per new home.
How Warsaw ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 44 | 42 | 2 | $12.9 million |
| 2025 | 126 | 41 | 85 | $44.3 million |
| 2024 | 39 | 29 | 10 | $12.9 million |
| 2023 | 33 | 31 | 2 | $14 million |
| 2022 | 112 | 36 | 76 | $18.1 million |
| 2021 | 127 | 23 | 104 | $5.5 million |
| 2020 | 108 | 23 | 85 | $4.9 million |
| 2019 | 106 | 19 | 87 | $4.5 million |
| 2018 | 104 | 20 | 84 | $4.5 million |
| 2017 | 118 | 20 | 98 | $5 million |
| 2016 | 124 | 17 | 107 | $5 million |
| 2015 | 113 | 17 | 96 | $4.6 million |
| 2014 | 128 | 0 | 128 | $4 million |
| 2013 | 114 | 0 | 114 | $3.6 million |
| 2012 | 99 | 0 | 99 | $3.1 million |
| 2011 | 84 | 0 | 84 | $2.6 million |
| 2010 | 73 | 41 | 32 | $7.1 million |
| 2009 | 64 | 42 | 22 | $8.2 million |
| 2008 | 77 | 53 | 24 | $10.2 million |
| 2007 | 146 | 53 | 93 | $13.7 million |
| 2006 | 174 | 70 | 104 | $17 million |
| 2005 | 182 | 78 | 104 | $18.2 million |
| 2004 | 63 | 53 | 10 | $10.7 million |
| 2003 | 52 | 34 | 18 | $8.2 million |
| 2002 | 177 | 25 | 152 | $13 million |
| 2001 | 73 | 13 | 60 | $4.3 million |
| 2000 | 35 | 11 | 24 | $2.8 million |
How Warsaw ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Warsaw and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Warsaw | $283K | +5.2% | $1,160 | 126 | $61,035 |
| Winona Lake | $309K | +5.2% | $1,210 | 7 | $82,188 |
4.6 years of income
The typical Warsaw home costs about 4.6 years of the town's median household income, more than across Indiana (3.6 years).
How Warsaw ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,160
HUD's Fair Market Rent for a two-bedroom in Warsaw is $1,160 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Warsaw pay a median of $1,066. A two-bedroom takes about 23% of the town's median household income.
Studio $890 · 4 bedrooms $1,580
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (46580, 46582; Kosciusko County, IN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.