Warren, RI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Warren Neighborhoods Since 2000




Warren, RI Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Warren Housing Market Information

With a population of 10,487, 4,666 total housing units (homes and apartments), and a median house value of $307,518, Warren real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Warren, accounting for 47.56% of the town's housing units. Other types of housing that are prevalent in Warren include duplexes, homes converted to apartments or other small apartment buildings ( 33.00%), large apartment complexes or high rise apartments ( 15.66%), and a few row houses and other attached homes ( 3.63%).

People in Warren primarily live in small (one, two or no bedroom) single-family detached homes. Warren has a mixture of owner-occupied and renter-occupied housing.

The housing in Warren was primarily built before 1939 ( 40.02%), 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 ( 28.47%), followed by between 1970-1999 ( 27.70%). There's also some housing in Warren built between 2000 and later ( 3.81%).

Warren Home Appreciation Rates

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 -1.56%, which is lower than 80% of US communities.

Appreciation rates are so strong in Warren that despite a nationwide downturn in the housing market, Warren real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Warren appreciation rates continue to be some of the highest in America, at 7.19%, which is higher than appreciation rates in 82.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Warren. Warren appreciation rates in the latest quarter were at 0.64%, which equates to an annual appreciation rate of 2.59%.

Relative to Rhode Island, our data show that Warren's latest annual appreciation rate is higher than 80% of the other cities and towns in Rhode Island.

Average Home Values

 

Median Home Value:
$307,518

Warren, RI HOME PRICES

Value Range
> $1,126,000 1.3
$845,001 - $1,126,000 2.0
$563,001 - $845,000 5.9
$450,001 - $563,000 6.6
$338,001 - $450,000 15.9
$225,001 - $338,000 42.6
$113,001 - $225,000 20.1
$56,001 - $113,000 1.6
$0 - $56,000 4.1

Average for RI
Very High for Nation

Value Relative to Nation Value Relative to State
15.7271768428454 51.2820512820513

Number Of Homes And Apartments:
4,666

Warren Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
59.25% 2.73% 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,224 / per month

Homeownership Rate

Homeownership
Owners 53.72
Renters 46.28
Vacant 8.46

Housing Market Details

 

Age of Homes

AGE OF Warren HOMES
2000 or Newer 3.8
1970 - 1999 27.7
1940 - 1969 28.5
1939 or Older 40.0

Types of Homes

TYPE OF Warren HOMES
Single-Family 47.6
Townhomes 3.6
Small Apt. Buildings 33.0
Apt. Complexes 15.7
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Warren HOMES
No Bedroom 2.92
1 Bedroom 16.87
2 Bedrooms 30.47
3 Bedrooms 37.24
4 Bedrooms 9.36
5 or more bedrooms 3.14