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Warsaw, IL

Full City Profile · Illinois · Hancock County County

2.9 /5.0
C+ Fair
1,511 Population 232/sq mi density
$58,074 Median Income $38,786 per capita
$90,700 Home Value $109,822 Zillow
$769 Median Rent 19.4% income on rent
52°F Avg Temperature 275 sunny days/yr
129 Violent Crime/100K 129 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$58,074 median income, 8.4% unemployment
A+
Affordability
5.0 / 5.0
$90,700 home value, $769/mo rent
F
Safety
1.0 / 5.0
129 violent crimes/100K
C+
Education
2.5 / 5.0
19.2% bachelor's degree or higher

Housing Overview

Median Home Value
$90,700
68% below
US avg: $281,900
Median Rent
$769/mo
34% below
US avg: $1,163/mo
Homeownership Rate
80.3%
23% above US avg (65.4%)
Total Housing Units
798
Median year built: 1972

Home Value by Source

Census Median
$90,700
Zillow (ZHVI)
$109,822
Median Sale Price
$30,000
Median List Price
$149,950
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

80.3%
Owner-Occupied
19.7%
Renter-Occupied
80%
20%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent: $769/mo

Market Indicators (Redfin)

Median Days on Market
105 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$24
Active Inventory
11
homes for sale

Affordability & Housing Stock

Rent Burden
19.4%
of renters spending 30%+ of income on housing
37% below US avg (31.0%)
Median Year Built
1972
Average age of housing stock: 54 years
Homeownership Rate
80.3%

Complete Housing Data

Home Values

Census Median Value$90,700
Zillow Home Value (ZHVI)$109,822
Median Sale Price$30,000
Median List Price$149,950
Price Per Sq Ft$24

Rent

Census Median Rent$769
FMR Studio$774
FMR 1-Bedroom$854
FMR 2-Bedroom$1,063
FMR 3-Bedroom$1,370
FMR 4-Bedroom$1,561

Market

Days on Market105
Sale-to-List Ratio0.9%
Price Drops0.0%
Homes Sold1
Active Inventory11
Price Per Sq Ft$24

Ownership & Stock

Owner-Occupied80.3%
Renter-Occupied19.7%
Homeownership Rate80.3%
Total Housing Units798
Median Year Built1972
Rent Burden19.4%