The typical owner-occupied home in Warsaw is worth about $118,200, 45% below the Ohio median of $214,800 and 64% below the national median of $332,700. Owners pay a median $1,274 a year in property taxes, about 1.08% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $38,000 a year, so the median home costs 3.1 times the median income (3.0 times for Ohio). 67% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Warsaw at a glance
| Warsaw | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $118,200 | $214,800 | $332,700 |
| Median property tax paid per year | $1,274 | $2,822 | $3,119 |
| Property tax as a share of value | 1.08% | 1.31% | 0.94% |
| Median household income | $38,000 | $71,389 | $80,734 |
| Homes lived in by their owners | 67% | 67% | 65% |
| Owner homes with a mortgage | 56% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,082 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 18.0% | 18.6% | 21.0% |
| Median rent | $541 | $1,034 | $1,413 |
| Rent as a share of renters' income | 31.4% | 28.3% | 30.6% |
| Median year homes were built | 1952 | 1970 | 1980 |
| Vacant homes | 6.8% | 8.1% | 10.1% |
| Population | 604 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Warsaw
At this week's average 30-year rate of 7.11%, buying the median Warsaw home of $118,200 with 20% down costs about $792 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $989, 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 $33,932 for the 20%-down payment. That payment is 25% of the median Warsaw household income of $38,000; at that income and 20% down, the 28% guideline points to a home of about $132,000.
The median rent here is $541 a month, so owning the median home costs about $251 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $23,640 |
|---|---|
| Loan amount | $94,560 |
| Principal and interest | $636 |
| Property taxes (1.08% a year) | $106 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| PMI | $0 |
| Total per month | $792 |
Change the numbers in the calculator
| Down payment | $4,137 |
|---|---|
| Loan amount | $116,059 |
| Principal and interest | $781 |
| Property taxes (1.08% a year) | $106 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| FHA mortgage insurance | $52 |
| Total per month | $989 |
Change the numbers in the calculator
Questions about home buying in Warsaw
What is the median home value in Warsaw?
About $118,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Warsaw?
Homeowners pay a median $1,274 a year, which is about 1.08% 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 Warsaw?
For the median home with 20% down at 7.11%, the payment is about $792 a month. Keeping that under 28% of gross income takes about $33,932 a year.
More about Warsaw
- Mortgage Refinance in Warsaw
- Debt Relief in Warsaw
- Home Equity Loans in Warsaw
- 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