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These days, finding an affordable place to live in the Warsaw area can be challenging. Home prices in Warsaw are now at a median cost of $223,097, lower than the Indiana average of $232,932.
The average cost of rent is $1,080/mo in Warsaw, primarily driven by the current value of real estate in the Warsaw area. In Warsaw, 31.85% of households rent, and 38.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Warsaw is $6,410 per month. Households that rent pay about 16.84% of their income on rent here. Warsaw’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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