There are currently 49,211 real estate properties in Warren, MI, with a median automated valuation model (AVM) price of $214,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Warren, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Warren, MI, is $204,330.00, with the most expensive house in Warren, MI, topping out at $75,000,000.00 and the cheapest home in Warren, MI, clocking in at $11,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Warren, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Warren, MI, is on a rollercoaster ride. The average rent price in Warren, MI, is $1,183.00. Indeed, when looking to rent in Warren, MI, you can expect to pay as little as $580.00 or as much as $2,450.00, with the average rent median estimated to be $1,230.00. The good news is that finding an affordable and desirable property to rent in Warren, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Warren, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Warren, MI and much more. Save thousands at closing with home foreclosure listings in Warren, MI — up to 75% off market value!
Warren is located in Macomb, Michigan, with an estimated municipal population of 133,943 residents. All of the best foreclosed homes for sale in Warren are located in the following zip code areas on Foreclosure.com: 48093 48092 48091 48089 48088 48397. The estimated population per square kilometer (.62 miles) in Warren is 1,505.
So, about how much do homes cost in Warren? The most recent median value of resident-owned homes in Warren is 121,840. An estimated 69.1 percent of households in Warren own their homes, with an average family size of 3.14. The median household income in Warren is 49,619, with16.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Warren, the median commute time of resident workers (in minutes) is 25.4. And last, but certainly not least, are you looking for homes to rent in Warren? If so, the average rent price paid by renters in Warren is 939, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Warren, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Warren is 39.4, split between 48.8 percent male versus 51.2 female. The percentage of residents who report being married in Warren is 42.9, with an average family size of 3.14.
The percentage of residents who report their race in Warren is as follows:
|Black / African American||19.3%|
|American Indian / Alaskan Native||0.4%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Warren? Or maybe you are searching for 55+ active adult communities in and/or near Warren?
The percentage of residents who report their age in Warren is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Warren with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Warren.
How do you know that living in -- or moving to -- Warren is right where you need to be? Perhaps you grew up in Warren or already live nearby; therefore, the decision to buy a home in Warren is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Warren for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Warren:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Warren.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Warren can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Warren, meanwhile, can field multiple offers from more qualified buyers.
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