Investment metrics, interactive calculators, and data-driven analysis for Warren rental properties.
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Warren, MI has a population of 139,000 and has been growing at 0.1% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $185,000 paired with median rents of $1,100/mo produces an estimated cap rate of 4.47%.
Property taxes at 1.44% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 6% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 3.8x, homes cost about 3.8 times the local median income of $48,600. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 2.2% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: Warren presents moderate opportunities. Cap rates near 4.47% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.