Real Estate Investing in Warsaw, Indiana

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

2 ZIP codes • Population: 36,302 • Kosciusko County

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Should you buy in Warsaw, IN? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (70/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 11.6% vacancy may signal weakening demand.

What’s happening in Warsaw, IN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.6% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $287,800
Avg Monthly Rent $1,476
ZIP Codes 2

Investing in Warsaw Real Estate

With a sizable population across 2 ZIPs, Warsaw shows the kind of sluggish fundamentals that keep most out-of-state capital on the sidelines.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Warsaw is in that category.

The $1,476/mo / $288K relationship in Warsaw looks modest once vacancy and capex are incorporated into underwriting. appears to the realized yield tends to disappoint.

Warsaw's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Warsaw, IN

Warsaw is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$287,800
Avg Monthly Rent
$1,476
1% Rule
✗ Below
Landlord Friendly (IN)

📉 Market Crash Risk Index

Based on Warsaw, IN metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
47%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Warsaw, IN metro
0
Days to pending
11.7%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Warsaw, IN

Screen every ZIP in Warsaw

Filter Warsaw’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Warsaw, IN

Is Warsaw, IN a smart market for rental property?

The 3.0/5 investability rating in Warsaw, IN reflects its $288K prices and $1,476/mo rents. Investors generally consider it a solid option within IN.

How much do tenants pay in Warsaw, IN?

Expect rents around $1,476/mo per month in Warsaw, IN. With home values at $288K, the yield math works out to reasonable levels for rental investors.

Are there empty rentals in Warsaw, IN?

Warsaw, IN sees elevated vacancy, which is reasonable relative to the broader IN rental market.

Is house hacking profitable in Warsaw, IN?

House hacking in Warsaw, IN is reasonable to execute. Prices around $288K and rents of $1,476/mo solid owner-occupant economics.

Is Warsaw, IN better for rentals, flips, or BRRRR?

For Warsaw, IN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.

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