Real Estate Investing in Warren, Michigan (48092)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48092 (Warren, MI)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Warren, MI (48092)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 48092 Warren
From an investor standpoint, ZIP 48092 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $246K median. It rewards specialists, not generalists.
For an experienced owner, 48092 can be a a strong candidate for hunting ground — but the discount at $246K reflects genuine risk that outside investors often underestimate.
Within MI, ZIP 48092 trails on several market indicators that neighboring Macomb County submarkets outperform. The gap is real and healthy enough to shape underwriting.
From a cash-flow lens, 27,867 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 48092 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Warren:
Property Strategy for 48092
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $220,105 | $1,460 | 4.8% | +7.0% | $110,052 |
| 3BR | $248,711 | $1,780 | 5.2% | +7.1% | $82,904 |
| 4BR | $301,630 | $1,930 | 4.6% | +6.9% | $75,407 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 48092 Compare?
| Metric | 48092 | Warren | Detroit-Warren-Dearborn, MI | Michigan |
|---|---|---|---|---|
| Home Value | $245,956 | $202,112 | N/A | $253,279 |
| 5-Year CAGR | 4.5% | 4.7% | N/A | 6.8% |
| Avg Rent | $1,629 | $1,527 | N/A | - |
| Cap Rate | 5.2% | 6.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 48092 (Warren, MI). Anonymous, moderated, never written by AI.
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Property managers serving Macomb County
Manage rentals here? List your business →Beacon Management offers property management services for various communities and properties across Michigan, including Ann Arbor, Auburn Hills, Bloomfield Hills, Canton, and Southfield. summary from their website
Key 3 Property Management Group offers property management services in Michigan. summary from their website
Michigan Property Management Solutions offers homes for rent in Michigan, near Macomb Twp., Fraser, Utica, Clinton Valley, and Detroit. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $245,956 |
| Monthly Rent | $1,629 |
| Price-to-Rent | 12.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | -8.0% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 48092
Population: 27,867
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 48092
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Simonds Elementary School
Madison Elementary School
Hiller Elementary School
Lessenger Elementary School
Center Line High School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 4,762 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Warren, MI good for house hacking?
House hacking in Warren, MI is reasonable to execute. Prices around $246K and rents of $1,629/mo solid owner-occupant economics.
What is the tenant pool like in Warren, MI?
Tenant quality in Warren, MI ranks as solid. Landlords generally report stable occupancy at market rents of $1,629/mo.
How expensive is real estate in Warren, MI?
Expect median prices around $246K in Warren, MI. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
Is Warren, MI good for landlords?
The landlord environment in Warren, MI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What type of investing works in Warren, MI?
Warren, MI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($246K prices, $1,629/mo rents) make it a reasonable choice.
You know 48092 now. You don’t know where it ranks.
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How 48092 ranks in Detroit-Warren-Dearborn, MI
Every ZIP in this metro, ranked. Free.
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