Warren, Ohio Housing Market

What stands out in Warren?

• The median asking price is $158,703: one of the cheapest of 765 tracked cities. Low entry prices help cash flow, but check what keeps them low before you buy.
• Homes for sale are up 55% on last year: among the fastest inventory growth of 765 tracked cities. Supply is building fast, which shifts leverage to buyers.
• The median household earns $52,456 a year: among the lowest incomes of 765 tracked cities. Rents are capped by what local households earn.

What moves the numbers in Warren?

Warren asking prices per square foot were above the year before in 71% of months since the data starts. Within a year, the cheapest and priciest months differ by about 21.0%. That is bigger than the yearly trend, so timing your purchase matters here. Nothing in Warren's numbers is far from its own normal. Your return comes from the property and the price you negotiate.

When do Warren prices dip?

Across 9 full years, Warren asking prices ran lowest in February, about 11.1% below the year's average. They peaked in August. The most homes for sale show up in November, about 15% above the yearly average. Shop in November for choice, and expect the softest asking prices in February.

Is now a good time to buy in Warren?

The median asking price is 24.7% below its May 2024 peak. Per square foot the gap is smaller: 5.9% below the May 2024 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Warren prices have risen in 79 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

If you plan to sell in the next two years, move it up. This much buyer demand does not last. Right now it does your negotiating for you.

How does Warren compare with other Ohio markets?

Ranked among the 21 Ohio markets we track:

• Asking price: 3rd cheapest of 21. Warren is at $158,703. Closest: Akron and Lorain.
• Buyer competition: 6th most competitive of 19. Warren is at 0.66 buyers per home. Closest: Lancaster and Westerville.
• Time on market: the longest time on market of 21. Warren is at a median of 54 days on market. Closest: Columbus.
• Price cuts: 6th most price cuts of 21. Warren is at 26% of sellers cutting. Closest: Grove City and Youngstown.

What is the fair market rent in Warren?

HUD sets one fair market rent for Trumbull County. For fiscal year 2026:

• 1 bedroom: $771 a month. Up 10% on last year, up 45% since FY2016.
• 2 bedrooms: $973 a month. Up 10% on last year, up 47% since FY2016.
• 3 bedrooms: $1,270 a month. Up 10% on last year, up 46% since FY2016.
• 4 bedrooms: $1,345 a month. Up 9% on last year, up 42% since FY2016.

The figures include tenant-paid utilities and apply to all of Trumbull County, so one home's rent can sit well above or below them. See fair market rent by city.

What numbers should you underwrite a Warren deal with?

• Price growth to assume — +5.7%/yr. Warren grew 8.2% a year over the last five years. That is faster than its ten-year pace. The momentum is recent. Do not assume it continues. Underwrite between the two rates. Prices fell 5.2% over the last year. Use it for timing. The five-year rate is the better guide.
• Odds you cut your price to sell — 1 in 4. 26% of Warren listings have cut their asking price. Underwrite your exit below asking.
• Competition when you exit — +55%. Homes for sale in Warren are up 55% on last year, so your resale faces more competition than today's comps did.

Read when a cheap market is a warning and how we read these numbers, then run the numbers on a deal.

What is the median home price in Warren?

The median asking price in Warren is about $159,000 as of Sep 2026, down 15.8% from a year ago. The typical listing is 2% smaller than a year ago, and asking price per square foot is down 5.2%. So the size of homes on the market explains much of the drop. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Warren figures cover the 4 ZIP codes with a Warren mailing address, which can reach past city limits.

Is Warren a buyer's or seller's market in 2026?

Sellers have more pull in Warren than usual. We compare Warren with 2017–2019 at this time of year: there are 33% fewer homes for sale; there are 66 pending sales per 100 listings, against 45 then; the typical listing has been up 21% fewer days.

Are Warren home prices going up or down?

The median asking price is 24.7% below its May 2024 peak. Per square foot the gap is smaller: 5.9% below the May 2024 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What rent can Warren tenants afford?

At 30% of income, a tenant on the median income can pay about $1,311 a month. The median Warren household earns $52,456 a year.

What price growth should I assume for Warren?

Assume +5.7% a year. Warren grew 8.2% a year over the last five years. That is faster than its ten-year pace. The momentum is recent. Do not assume it continues. Underwrite between the two rates. Prices fell 5.2% over the last year. Use it for timing. The five-year rate is the better guide.

What is the fair market rent in Warren?

HUD's fiscal year 2026 fair market rent for Trumbull County is $973 a month for 2 bedrooms and $1,270 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.