CALCMONEY // HOME AFFORDABILITY // MI // WARREN
How much house can you afford in Warren? Based on local median home prices, current MI mortgage rates, and Warren property tax data.
$168,000
$957/mo
$41,028/yr
$217,920
Monthly housing costs of $957 represent 22.0% of Warren's median gross monthly income ($4,358/mo). At 22.0%, Warren falls within the standard 28% affordability threshold at current median income levels.
| Median Home Price | $168,000 |
| Down Payment (20%) | $33,600 |
| Loan Amount | $134,400 |
| Monthly PI Payment | $885 |
| Monthly Property Tax | $2 |
| Monthly Insurance Est. | $70 |
| Total Monthly PITI | $957 |
| Housing Cost % of Income | 22.0% |
| Required Income (28% rule) | $41,028/yr |
| Max Affordable Home | $217,920 |
$5,880
$1,255/mo
Warren Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $168,000 | Warren city median |
| Down Payment (20%) | $33,600 | Conventional loan |
| Monthly PITI | $957 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $41,028 | Annual gross |
| Max Affordable Home | $217,920 | Based on median income |
| FHA Down (3.5%) | $5,880 | Minimum FHA |
| Housing Cost % of Income | 22.0% | Median income: $52,300/yr |
| Property Tax Rate | 0.0154% | $26/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Warren is $168,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $134,400, generating a monthly P&I payment of $885. Adding property taxes ($2/mo) and homeowners insurance ($70/mo) brings total monthly PITI to $957.
Warren's property tax rate of 0.0154% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Warren median home, that is $2/month, or $26 per year.
Michigan levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Warren should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Warren's median income of $52,300/year can afford up to $1,220/month in total housing costs. Based on Warren's mortgage rate of 6.9% and property tax rate of 0.0154%, that translates to a maximum affordable home price of approximately $217,920 with 20% down on a 30-year loan.
To afford the median Warren home priced at $168,000, you need an annual gross income of approximately $41,028. Total monthly housing costs (principal and interest of $885, property taxes of $2, and insurance of $70) come to $957/month, which equals 28% of the required income.
At the median home price of $168,000 and median household income of $52,300, the total monthly housing cost of $957 represents 22.0% of gross monthly income. This is within the standard 28% guideline, making Warren relatively accessible at current income levels.
A conventional 20% down payment on the median Warren home of $168,000 is $33,600. An FHA loan requires just 3.5% down — $5,880 — but adds mortgage insurance of roughly $115/month, bringing total FHA payments to $1,255/month.
Detroit
$185,000 median
MIGrand Rapids
$280,000 median
MIAnn Arbor
$520,000 median
MILansing
$185,000 median