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Warren, MI Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,337
Monthly Cash Flow
$6
Principal + Equity
$1,660
Annual Total Gain
$20,000
Cash on Cash
0.15%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$159
Occupancy Rate
41.38%
Monthly Revenue
$1,454
Monthly Cash Flow
-$95
Principal + Equity
$1,660
Annual Total Gain
$18,788
Cash on Cash %
-2.25%
Net ROI %
Market Health & Growth
Median Income
$63,741
Population
138,128
LTR Renter %
28.97%
Forecast (1 yr)
1.52%
Appreciation (1 yr)
3.87%
Appreciation (5 yr)
46.68%
Appreciation (10 yr)
135.57%
Job Growth
-0.89%
LTR Rentability
Low
STR Demand
51
STR Rentals
81
Top Public Schools
A-Mt. Clemens Montessori Academy
A-Farmington STEAM Academy
A-
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Most Diverse Cities in America
#139out of 229 markets
Best Cities to Retire in America
#134out of 229 markets
Cities with the Lowest Cost of Living in America
#68out of 229 markets
C
Public School
C-
Crime And Safety
C
Housing
B
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Warren, MI.
As of September 2021, Warren, MI does not have specific regulations in place for short-term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed about any updates from the city government.
Investors should also consider the potential impact of STRs on the local community, including issues such as noise complaints, parking concerns, and the overall character of the neighborhood. It is important to be a responsible host and to consider the impact of your rental property on the surrounding area.
Additionally, investors should be aware of any potential taxes or fees associated with operating an STR in Warren, MI. It is important to understand the financial implications of owning and operating a short-term rental property in this market.
Overall, investors should thoroughly research the local market and regulations before investing in a property for short-term rental in Warren, MI. It is important to be informed and prepared for any potential challenges that may arise when operating an STR in this area.
Market Trends Over Time
Explore 25 years of market data for Warren, MI, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Warren, MI.
The LTR Genie Score of Warren, MI is 68, indicating a moderate level of attractiveness for long-term rental investment. The STR Genie Score is 55, suggesting a lower level of attractiveness for short-term rental or Airbnb investment. The LTR Rentability being low and the STR Genie Score being below 60 can be attributed to the low STR occupancy rate of 41.38% and the relatively low STR revenue of 1454. On the other hand, the LTR Net ROI of 39.62% and the STR Net ROI of 37.22% are both quite high, indicating strong potential for returns in both rental strategies.
Warren, MI is a city located in Macomb County, known for its diverse community and strong manufacturing industry. The city offers a mix of residential neighborhoods and commercial areas, making it an attractive location for real estate investors looking to diversify their portfolio.
Based on the metrics provided, Warren, MI seems to be more suitable for long-term rental investment due to the higher LTR Genie Score and Net ROI. However, investors may also consider exploring short-term rental opportunities to capitalize on potential growth in the market. It is recommended to conduct further research and market analysis before making any investment decisions in Warren, MI.
LTR Genie Score 93
$100,000
🛏 5 Beds🛁 3.0000 Baths🏙 2,900 sqft.🏠 SINGLE FAMILY
