Warsaw, IN Housing Market
AI-powered market intelligence for the Warsaw, IN metro area.
PropertyIQ Scores
Warsaw, IN Market Analysis
Market Overview
Warsaw, IN is a strong market, with a PropertyIQ Score of 76/100. Top score drivers include 12-month home value momentum of 10.99%, 3-month home value momentum of 1.40%, median days on market of 46, and a 25.6% share of listings with a price cut. Compared with state benchmarks, Warsaw outperforms Indiana on several key measures. Median home value is $295,145 versus the state average of $260,808, rent index is $1,287 versus $1,020, and median household income is $73,922 versus $70,051. Unemployment is 3.3%, equal to the state average.
This combination points to an above-average but not extreme market. A 46-day median time on market indicates steady demand, while the 25.6% price-cut share suggests buyers retain some negotiating power. The reported home value year-over-year figure is $6, which is inconsistent with the 10.99% 12-month momentum; this should be read cautiously. Population growth is reported as N/A, so demand cannot be fully assessed. Still, the available data supports a solid, balanced market rather than a weak or overheated one.
Key Trends
First, home value momentum is strong but cooling. The 12-month momentum of 10.99% is the top score driver, and the 3-month momentum of 1.40% is positive, though slower. Median home value of $295,145 sits well above the state median of $260,808, reinforcing local price strength. The $6 year-over-year value change remains an outlier in the dataset and is difficult to reconcile with the momentum percentages.
Second, rents are notably above the state norm. The rent index of $1,287 exceeds the state average of $1,020 by about 26%. This supports landlord cash flow and suggests relative rental demand. Using the provided median home value and rent index, the implied gross annual rental yield is roughly 5.2%.
Third, inventory and pricing behavior indicate balance. With 200 homes for sale, a median of 46 days on market, and 25.6% of listings cutting price, Warsaw shows neither a severe shortage nor a buyer’s market. These metrics point to steady turnover with room for negotiation.
Fourth, affordability is slightly tighter than the state norm. Median household income of $73,922 is above the state’s $70,051, but the price-to-income ratio based on the provided medians is about 4.0, compared with roughly 3.7 for the state. This keeps Warsaw relatively attainable but less so than the typical Indiana market.
Who Is This Market For
This market suits move-up buyers and current owners seeking appreciation, given the 12-month home value momentum of 10.99% and a 76/100 PropertyIQ Score. The median home value of $295,145 is above the state average, so first-time buyers may face a higher entry price, but median household income of $73,922 and a 25.6% price-cut share provide some support and negotiating opportunity. Buyers who prefer a balanced market with a 46-day median days on market may find Warsaw appealing.
Investors may be drawn to the rent index of $1,287, which is well above the state average of $1,020. Based on the provided figures, the implied gross rental yield is around 5.2%. This, combined with above-average home value momentum, suggests a market where rental income and equity growth can both play a role. However, the lack of population growth data means long-term demand cannot be confirmed. Move-up buyers and investors seeking an above-average Indiana market with steady, not speculative, conditions are likely the best fit.
Outlook
Warsaw’s near-term outlook is cautiously positive based on the available data. The 12-month home value momentum of 10.99% supports upward price pressure, while the 3-month reading of 1.40% suggests that pace may be moderating. A median of 46 days on market and a 25.6% price-cut share point to a balanced market rather than an accelerating one. With 200 homes for sale and unemployment at 3.3% matching the state average, the underlying supply and employment conditions are stable. Median household income of $73,922, above the state average of $70,051, further supports local demand. The rent index of $1,287, well above the state average, may continue to attract investors. Given the current trend data, Warsaw appears positioned for continued but likely gradual value growth, assuming inventory and price-cut levels remain stable. The $6 reported year-over-year home value change remains a data discrepancy to monitor.
AI-generated analysis based on current market data. Last updated August 19, 2026.
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Warsaw, IN market data
Warsaw, IN Housing Market Overview
Warsaw, IN's median home value is $295K, up 11.0% over the past year. Homes here sell in a median 46 days. Its PropertyIQ Score of 76 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
The Warsaw, IN metro area is one of 900+ US metropolitan markets that PropertyIQ scores each month. A single PropertyIQ Score blends Zillow price momentum with Realtor.com market-flow signals to estimate 3-year excess appreciation versus the market's state — showing not just where prices stand today, but how the market is positioned relative to its peers.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Warsaw, IN's PropertyIQ Score of 76 ranks among the Midwest's stronger demand signals.
Each month, PropertyIQ updates its score for Warsaw, IN using four inputs: Zillow ZHVI twelve-month and three-month momentum, Realtor.com median days on market, and the Realtor.com share of listings with price cuts. These four signals are combined into a single 1 to 99 score computed across all metro markets and calibrated so 50 represents the state average, making it a direct read of how this market is positioned to perform relative to its state. Momentum here has been positive, with home values up 11.0% over the past year.
Use PropertyIQ's interactive analytics to compare Warsaw, IN against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the Warsaw, IN metro area
ZIP codes in the Warsaw, IN metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Warsaw, IN a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Warsaw, IN currently scores 76, a rising-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $295K, up 11.0% over the past year. So whether Warsaw, IN is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Warsaw, IN?
Warsaw, IN's PropertyIQ Score is 76, indicating rising momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 76 places Warsaw, IN above its state benchmark.
Are home prices in Warsaw, IN rising or falling?
Home prices in Warsaw, IN are rising. Over the past year, the median home value increased 11.0%, reaching $295K. Over the latest three months, values moved up 1.4%, a sign near-term demand remains firm. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Warsaw, IN's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Warsaw, IN?
In Warsaw, IN, homes sell in a median of 46 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 26% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Warsaw, IN market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.