Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 9,187 people, 4,303 houses or apartments, and a median cost of homes of $127,391, house prices in Warren are some of the most affordable in Pennsylvania as well as the nation.
Single-family detached homes are the single most common housing type in Warren, accounting for 63.64% of the city's housing units. Other types of housing that are prevalent in Warren include duplexes, homes converted to apartments or other small apartment buildings ( 21.16%), large apartment complexes or high rise apartments ( 11.57%), and a few row houses and other attached homes ( 3.15%).
The most prevalent building size and type in Warren are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.75% owning and 43.25% renting.
The housing in Warren was primarily built before 1939 ( 55.25%), making the housing stock in Warren some of the oldest overall in America, although there is a range of ages of homes in Warren. The next most important housing age is between 1940-1969 ( 29.48%), followed by between 1970-1999 ( 12.81%). There's also some housing in Warren built between 2000 and later ( 2.46%).
Warren's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Warren during the period has been just 4.83%, which is lower than 80% of US communities.
Over the last year, Warren appreciation rates have trailed the rest of the nation. In the last twelve months, Warren's appreciation rate has been 5.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Warren were at 2.01%, which equates to an annual appreciation rate of 8.30%.
Relative to Pennsylvania, our data show that Warren's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Warren differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Warren - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Warren real estate investment or home purchase decisions.
$127,391
for Pennsylvania
for nation
4,303
$1,114 / per month