The typical owner-occupied home in Warren is worth about $110,900, 49% below the Indiana median of $218,200 and 67% below the national median of $332,700. Owners pay a median $686 a year in property taxes, about 0.62% of their home's value, lower than the Indiana rate of 0.74%. The median household earns $67,885 a year, so the median home costs 1.6 times the median income (3.0 times for Indiana). 71% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Warren at a glance
| Warren | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $110,900 | $218,200 | $332,700 |
| Median property tax paid per year | $686 | $1,614 | $3,119 |
| Property tax as a share of value | 0.62% | 0.74% | 0.94% |
| Median household income | $67,885 | $71,957 | $80,734 |
| Homes lived in by their owners | 71% | 71% | 65% |
| Owner homes with a mortgage | 60% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $920 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 16.5% | 18.1% | 21.0% |
| Median rent | $919 | $1,062 | $1,413 |
| Rent as a share of renters' income | 23.6% | 29.1% | 30.6% |
| Median year homes were built | 1957 | 1976 | 1980 |
| Vacant homes | 8.6% | 8.8% | 10.1% |
| Population | 1,274 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Warren
At this week's average 30-year rate of 7.11%, buying the median Warren home of $110,900 with 20% down costs about $700 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $885, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $30,015 for the 20%-down payment. That payment is 12% of the median Warren household income of $67,885; at that income and 20% down, the 28% guideline points to a home of about $251,000.
The median rent here is $919 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $22,180 |
|---|---|
| Loan amount | $88,720 |
| Principal and interest | $597 |
| Property taxes (0.62% a year) | $57 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $700 |
Change the numbers in the calculator
| Down payment | $3,882 |
|---|---|
| Loan amount | $108,891 |
| Principal and interest | $733 |
| Property taxes (0.62% a year) | $57 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $885 |
Change the numbers in the calculator
Questions about home buying in Warren
What is the median home value in Warren?
About $110,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Warren?
Homeowners pay a median $686 a year, which is about 0.62% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Warren?
For the median home with 20% down at 7.11%, the payment is about $700 a month. Keeping that under 28% of gross income takes about $30,015 a year.
More about Warren
- Mortgage Refinance in Warren
- Debt Relief in Warren
- Home Equity Loans in Warren
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data