Housing in Warren, MI (48089) is significantly lower priced than the national median value of $338,100. The median value in Warren is $114,700 which represents a 65% price decrease from the national median. Although this is good news for potential buyers looking for an affordable place to stay, the 1 year house appreciation rate of 7.58% in Warren is slightly below the national average of 8.27%. This suggests that although housing prices are still relatively low, they may be increasing faster than across the country as a whole.
The median home cost in Warren (zip 48089) is $114,700. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Warren (zip 48089) is up 10.8%.
Average Age of Homes
- The median age of Warren (zip 48089) real estate is 60 years old
The Rental Market in Warren (zip 48089)
- Renters make up 35.8% of the Warren (zip 48089) population
- 1.3% of houses and apartments in Warren (zip 48089), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.