Warren, Ohio Housing Market Prices
Warren 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 43% below the Ohio median$79,083
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Median rent 25% below the Ohio median$778
Housing Market Overview
| Metric | Warren | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $79,083 | $139,044 | $248,835 |
| Price Trend (Annual %) | 8.3% | 6.7% | 7.5% |
| Median Gross Rent | $778 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Warren is about 43% lower than in Ohio. Rent is about 25% lower than the Ohio 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, up about 8.3% and 3.0% a year respectively. Home prices are changing faster.
Median rent in Warren rose about 28.9% between 2015 and 2024, from $603 to $778. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Warren.
Buying the median-priced home in Warren costs roughly 8.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Warren. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Warren | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $79,083 | $139,044 | $248,835 |
| Median Household Income | $42,333 | $71,509 | $80,455 |
| Price-to-Income Ratio | 1.9 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Warren rose about 99.3%, while median household income rose about 17.6% 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 | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.0% | 61.7% | 58.5% |
| Rental Rate | 35.3% | 30.1% | 31.2% |
| Vacancy Rate | 10.8% | 8.1% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Warren has a homeownership rate of 54.0%, lower than the Ohio average of 61.7%. Its housing vacancy rate is 10.8%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Warren | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.14 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1955 | 1970 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Warren was built around 1955. On average, 2.1 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Warren, Ohio.
What is the median home price in Warren, Ohio?
The median home price in Warren, Ohio is $79,083, lower than the Ohio average of $139,044.
What is the average home price in Warren, Ohio?
The typical home price in Warren, Ohio, reported as the median sale price, is $79,083. 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, Ohio?
The median gross rent in Warren, Ohio is $778 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Warren in 2020?
In 2020, the median gross rent in Warren, Ohio was $663 per month.
What is the price-to-rent ratio in Warren, Ohio?
The price-to-rent ratio in Warren, Ohio is about 8.5, meaning it would take roughly 8.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Warren.
Are home prices or rent rising faster in Warren, Ohio?
Both home prices and rent are rising in Warren, up about 8.3% and 3.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Warren, Ohio?
54.0% of households in Warren, Ohio own their home, lower than the Ohio average of 61.7%.
What is the vacancy rate in Warren, Ohio?
The housing vacancy rate in Warren, Ohio is 10.8%, higher than the Ohio average of 8.1%.
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