Warren, located in Ohio, is a city with a rich industrial heritage, particularly known for its steel production history. Over the past decade, Warren has experienced notable shifts in its housing market dynamics, with homeownership rates and average home prices showing interesting trends. The homeownership rate in Warren has remained relatively stable, fluctuating between 55% and 59% from 2013 to 2022. In 2013, the homeownership rate stood at 59%, dipping to 55% in 2016, and then rebounding to 59% in 2022. Concurrently, average home prices have shown a significant upward trend. In 2013, the average home price was $53,341, which remained relatively steady until 2017. However, from 2018 onwards, there was a marked increase, with prices reaching $98,587 by 2022, representing an 85% increase over this period.

The relationship between federal interest rates and homeownership rates in Warren shows some correlation. For instance, when interest rates were at historic lows between 2010 and 2015 (ranging from 0.1% to 0.18%), homeownership rates remained relatively high at around 58-59%. As interest rates began to rise from 2016 onwards, there was a slight dip in homeownership rates to 55-56% in 2016-2019. However, the relationship is not always direct, as other local economic factors also play a role.

Renter percentages in Warren have shown a slight increase over the years, moving from 41% in 2013 to 45% in 2019, before settling back to 41% in 2022. Average rent prices have steadily increased during this period. In 2013, the average rent was $624, which rose to $685 by 2022, representing a 9.8% increase. This trend in rent prices appears to be influenced by various factors, including the city's changing population dynamics and overall economic conditions.