Warren, MI housing market
Home prices around Warren have risen about 60% over the past 5 years. Builders were permitted 3 new homes in 2025.
Home values, sales, trends and how Warren compares with the towns next door — updated as new data is published.
Home prices up 60% in 5 years
The federal house price index for the ZIP code around Warren rose 60% over the past 5 years, faster than across Michigan (52%). Last year prices rose 1.6%. Carrying the Census median home value forward with that index puts the typical Warren home at roughly $261,000 today.
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| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +1.6% | +107% | +97% |
| 2024 | +9.5% | +104% | +88% |
| 2023 | +7.9% | +86% | +76% |
| 2022 | +14% | +73% | +64% |
| 2021 | +17% | +52% | +45% |
| 2020 | +1.1% | +29% | +30% |
| 2019 | +4.2% | +28% | +26% |
| 2018 | +3.9% | +23% | +20% |
| 2017 | +15% | +18% | +12% |
| 2016 | +4% | +3% | +5.3% |
| 2015 | −7.2% | −0.9% | 0% |
| 2014 | +3.8% | +6.8% | −4.7% |
| 2013 | −1.7% | +2.9% | −12% |
| 2012 | −5.1% | +4.7% | −16% |
| 2011 | +3.1% | +10% | −16% |
| 2010 | −3.1% | +7% | −12% |
| 2009 | −0.8% | +10% | −5% |
| 2008 | −4.5% | +11% | +3.5% |
| 2007 | −2.9% | +17% | +11% |
| 2006 | +7.7% | +20% | +16% |
| 2005 | −5.9% | +11% | +18% |
| 2004 | +6.1% | +18% | +14% |
| 2003 | +7.1% | +12% | +10% |
| 2002 | −1.3% | +4.2% | +8.3% |
| 2001 | +5.5% | +5.5% | +5% |
| 2000 | — | — | — |
How Warren ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 48618, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
3 new homes permitted in 2025
Builders were permitted 3 new homes in Warren in 2025, all single-family houses, worth about $1.1 million to build. That's 1.3 per 1,000 residents, slower than across Michigan (2.3). Over the past 8 years, Warren has permitted 21 homes in all.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $367,000 |
| 2025 | 3 | 3 | 0 | $1.1 million |
| 2024 | 1 | 1 | 0 | $344,000 |
| 2023 | 2 | 2 | 0 | $687,000 |
| 2022 | 4 | 4 | 0 | $1.2 million |
| 2021 | 3 | 3 | 0 | $855,000 |
| 2020 | 4 | 4 | 0 | $1.1 million |
| 2019 | 1 | 1 | 0 | $271,000 |
| 2018 | 3 | 3 | 0 | $776,000 |
How Warren 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.
Warren and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Warren | — | +1.6%† | $1,030 | 3 | $72,750 |
| Beaverton | $180K | +12.6% | $1,050 | — | $67,768 |
| Edenville | — | +3.7%† | $1,140 | 6 | $70,511 |
| Wise | — | +5.2%† | $1,040 | — | $68,125 |
| Geneva | — | +2%† | $1,030 | 3 | $61,518 |
† FHFA price index change, where Zillow has no home value for the town.
2.1 years of income
The typical Warren home costs about 2.1 years of the town's median household income, less than across Michigan (3.7 years).
How Warren 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 $1,030
HUD's Fair Market Rent for a two-bedroom in Warren is $1,030 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Warren pay a median of $1,132. A two-bedroom takes about 17% of the town's median household income.
Studio $790 · 4 bedrooms $1,420
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48618; Midland, MI MSA), 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. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits 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.