Warren County, North Carolina Housing Market Prices
Warren County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 1% above the North Carolina median More expensive than 72% of counties in North Carolina$281,001
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Median rent 36% below the North Carolina median Cheaper than 76% of counties in North Carolina$789
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Warren County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $281,001 | $278,288 | $248,835 |
| Price Trend (Annual %) | 31.5% | 9.3% | 7.5% |
| Median Gross Rent | $789 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Warren County is about 1% higher than in North Carolina. Rent is about 36% lower than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Warren County, up about 31.5% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Warren County rose about 24.7% between 2015 and 2024, from $633 to $789. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Warren County.
Buying the median-priced home in Warren County costs roughly 29.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Warren County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Warren County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $281,001 | $278,288 | $248,835 |
| Median Household Income | $50,454 | $72,438 | $80,455 |
| Price-to-Income Ratio | 5.6 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Warren County rose about 118.2%, while median household income rose about 60.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Warren County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.2% | 58.3% | 58.5% |
| Rental Rate | 21.3% | 29.2% | 31.2% |
| Vacancy Rate | 30.5% | 12.5% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Warren County has a homeownership rate of 48.2%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 30.5%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Warren County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.21 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1987 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Warren County was built around 1987. On average, 2.2 people live in a home with about 5.6 rooms, staying for about 19.0 years on average.
Warren County, NC Housing Compared With Nearby Counties
Warren County, NC is the 4th largest of the 5 counties compared here, 18,783 residents against a local median of 58,363. The measure that sets Warren County, NC apart most is median home price: $281,001, 77% above the local median of $158,716.
The counties themselves spread $259,507 on median home price, so Warren County, NC sits at one end of an already wide local range rather than apart from it. Warren County, NC has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Warren County, NC | 18,783 | $281,001 #2/5 | $789 #5/5 | 69.3% #3/5 |
| Vance County, NC | 42,305 | $134,971 | $882 | 60.1% |
| Franklin County, NC | 74,421 | $292,591 | $1,083 | 78.6% |
| Brunswick County, VA | 15,841 | $33,084 | $834 | 74.4% |
| Nash County, NC | 96,212 | $182,462 | $952 | 63.6% |
Frequently Asked Questions
Common questions about the housing market in Warren County, North Carolina.
What is the median home price in Warren County, North Carolina?
The median home price in Warren County, North Carolina is $281,001, higher than the North Carolina average of $278,288.
What is the average home price in Warren County, North Carolina?
The typical home price in Warren County, North Carolina, reported as the median sale price, is $281,001. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Warren County, North Carolina?
The median gross rent in Warren County, North Carolina is $789 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Warren County in 2020?
In 2020, the median gross rent in Warren County, North Carolina was $633 per month.
What is the price-to-rent ratio in Warren County, North Carolina?
The price-to-rent ratio in Warren County, North Carolina is about 29.7, meaning it would take roughly 29.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Warren County.
Are home prices or rent rising faster in Warren County, North Carolina?
Both home prices and rent are rising in Warren County, up about 31.5% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Warren County, North Carolina?
48.2% of households in Warren County, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Warren County, North Carolina?
The housing vacancy rate in Warren County, North Carolina is 30.5%, higher than the North Carolina average of 12.5%.
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