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
$1,171/mo
$50,175/yr
$177,409
Monthly housing costs of $1,171 represent 26.9% of Warren's median gross monthly income ($4,358/mo). At 26.9%, 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 | $216 |
| Monthly Insurance Est. | $70 |
| Total Monthly PITI | $1,171 |
| Housing Cost % of Income | 26.9% |
| Required Income (28% rule) | $50,175/yr |
| Max Affordable Home | $177,409 |
$5,880
$1,468/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 | $1,171 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $50,175 | Annual gross |
| Max Affordable Home | $177,409 | Based on median income |
| FHA Down (3.5%) | $5,880 | Minimum FHA |
| Housing Cost % of Income | 26.9% | Median income: $52,300/yr |
| Property Tax Rate | 1.54% | $2,587/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 ($216/mo) and homeowners insurance ($70/mo) brings total monthly PITI to $1,171.
Warren's property tax rate of 1.54% is near the national average, adding a standard increment to monthly housing costs. On the Warren median home, that is $216/month, or $2,587 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 1.54%, that translates to a maximum affordable home price of approximately $177,409 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 $50,175. Total monthly housing costs (principal and interest of $885, property taxes of $216, and insurance of $70) come to $1,171/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 $1,171 represents 26.9% 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 $1,468/month.
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