Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Warren County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $51,476 | $154,283 | $242,182 |
| Price Trend (Annual %) | -1.5% | 4.4% | 8.2% |
| Median Gross Rent | $756 | $1,161 | $1,342 |
| Rent Trend (Annual %) | 4.2% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Warren County is about 67% lower than in Pennsylvania. Rent is about 35% lower than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Warren County: home prices fell about 1.5% a year while rent rose about 4.2% a year. That is an unusual pattern worth watching.
Median rent in Warren County rose about 31.3% between 2015 and 2023, from $576 to $756. Over the same span, rent in Pennsylvania rose about 38.3%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Warren County.
Buying the median-priced home in Warren County costs roughly 5.7 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 County. The price-to-rent ratio in Pennsylvania is about 11.1.
| Metric | Warren County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $51,476 | $154,283 | $242,182 |
| Median Household Income | $58,984 | $76,231 | $78,145 |
| Price-to-Income Ratio | 0.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Warren County fell about 26.6%, while median household income rose about 46.7% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Warren County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.6% | 62.8% | 58.2% |
| Rental Rate | 16.6% | 27.8% | 31.3% |
| Vacancy Rate | 24.8% | 9.4% | 10.6% |
| Median Tenure (years) | 20.0 | 17.0 | 15.0 |
| Median Year Moved In | 2006 | 2009 | 2011 |
Warren County has a homeownership rate of 58.6%, lower than the Pennsylvania average of 62.8%. Its housing vacancy rate is 24.8%, compared with 9.4% in Pennsylvania.
Housing Stock
| Metric | Warren County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1958 | 1965 | 1978 |
| Median Number of Rooms | 5.8 | 6.0 | 5.5 |
The typical housing unit in Warren County was built around 1958. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Warren County, Pennsylvania.
What is the median home price in Warren County, Pennsylvania?
The median home price in Warren County, Pennsylvania is $51,476, lower than the Pennsylvania average of $154,283.
What is the average home price in Warren County, Pennsylvania?
The typical home price in %s, reported as the median sale price, is %s. 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, Pennsylvania?
The median gross rent in Warren County, Pennsylvania is $756 per month, lower than the Pennsylvania average of $1,161.
What was the median gross rent in Warren County in 2020?
In 2020, the median gross rent in Warren County, Pennsylvania was $615 per month.
What is the price-to-rent ratio in Warren County, Pennsylvania?
The price-to-rent ratio in Warren County, Pennsylvania is about 5.7, meaning it would take roughly 5.7 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 County.
Are home prices or rent rising faster in Warren County, Pennsylvania?
Home prices and rent are moving in opposite directions in Warren County: home prices fell about 1.5% a year while rent rose about 4.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Warren County, Pennsylvania?
58.6% of households in Warren County, Pennsylvania own their home, lower than the Pennsylvania average of 62.8%.
What is the vacancy rate in Warren County, Pennsylvania?
The housing vacancy rate in Warren County, Pennsylvania is 24.8%, higher than the Pennsylvania average of 9.4%.