Market Overview
Home Prices in Warren, IL
The median home value in Warren, IL is $120,001 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and up 9.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Warren are priced71% below average.
Over the past five years, Warren home values have risen by approximately35.7%, reflecting strong long-term appreciation in this market.
Price History
Warren Home Price Trend
2020
$78,949
$79K
—
2021
$88,408
$88K
+12.0%
2022
$92,074
$92K
+4.1%
2023
$93,808
$94K
+1.9%
2024
$104,988
$105K
+11.9%
2025
$115,142
$115K
+9.7%
2026
$120,001
$120K
+4.2%
City Comparison
Warren vs. National Median
🏠 Warren
$120,001
National Median
$410,000
At $120,001, homes in Warren cost 71% below the national median of $410,000. This makes Warren a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Warren?
20% Down Payment
$24,000
on $120,001
Monthly P&I
$626/mo
30-yr @ 6.8%
Total Monthly Est.
~$795/mo
incl. taxes & insurance
Income Needed
$31,800
gross annual (30% rule)
10% Down Option
$12,000
+ PMI applies
Loan Amount (20% dn)
$96,001
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Warren, IL?
The median home value in Warren is $120,001 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Warren?
Over the past year, home values in Warren have increased by 4.2%. Over five years, prices have risen approximately 35.7%.
How much do I need to earn to buy a home in Warren?
To comfortably afford the median home price of $120,001 with a 20% down payment ($24,000) at today's rates (6.8%), you'd need a gross annual income of approximately $31,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Warren compare to the national average home price?
The national median home value is approximately $410,000. At $120,001, homes in Warren are 71% below the national average.