Real Estate Investing in Warren, Michigan (48093)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48093 (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 (48093)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 48093 Warren
On balance, ZIP 48093 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $228K median. It rewards specialists, not generalists.
The investment case in 48093 is resilient only for operators who understand what they are buying. A $228K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Warren have seen price recovery that 48093 has not matched. Macomb County data supports the view that the spread is structural rather than temporary.
The demographic picture in 48093 includes headwinds that any investor should price in. Income distribution skews lower than Warren averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 48093 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 48093
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $150,019 | $1,330 | 6.4% | +6.9% | $75,009 |
| 3BR | $244,441 | $1,620 | 4.8% | +6.8% | $81,480 |
| 4BR | $309,059 | $1,760 | 4.1% | +6.9% | $77,265 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 48093 Compare?
| Metric | 48093 | Warren | Detroit-Warren-Dearborn, MI | Michigan |
|---|---|---|---|---|
| Home Value | $227,547 | $202,112 | N/A | $253,279 |
| 5-Year CAGR | 4.6% | 4.7% | N/A | 6.8% |
| Avg Rent | $1,747 | $1,527 | N/A | - |
| Cap Rate | 6.0% | 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 48093 (Warren, MI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 48093 (Warren, MI)?
~25 seconds · no account needed · your report is anonymous
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 | $227,547 |
| Monthly Rent | $1,747 |
| Price-to-Rent | 10.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.2% |
| Cap Rate | 6.0% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.0%). 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 48093
Population: 24,485
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 48093
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Briarwood Elementary School
Center Line High School
Lean Elementary School
May V Peck Elementary School
Middle School Mathematics Science Technology Center
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 a good place for real estate investing?
Warren, MI rates 3.0/5 for investability. With median values at $228K and rents near $1,747/mo, the market offers reasonable fundamentals for rental investors.
Is rental property easy to operate in Warren, MI?
For rental operators, Warren, MI rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What do rentals go for in Warren, MI?
Expect rents around $1,747/mo per month in Warren, MI. With home values at $228K, the yield math works out to reasonable levels for rental investors.
How quickly do rentals get leased in Warren, MI?
Warren, MI vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is it easy to find good tenants in Warren, MI?
Warren, MI draws a stable base of working renters. Demand at the $1,747/mo rent level is reasonable for standard single-family and small multi rentals.
You know 48093 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 48093 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 48093 ranks in Detroit-Warren-Dearborn, MI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 48093 (Warren)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 48093 (Warren, MI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.