Fort Wayne, IN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fort Wayne, IN Housing Market Trends

With 270,402 people, 106,673 houses or apartments, and a median cost of homes of $133,633, house prices in Fort Wayne are solidly below the national average.

Single-family detached homes are the single most common housing type in Fort Wayne, accounting for 69.20% of the city's housing units. Other types of housing that are prevalent in Fort Wayne include large apartment complexes or high rise apartments ( 18.48%), duplexes, homes converted to apartments or other small apartment buildings ( 7.44%), and a few mobile homes or trailers ( 2.57%).

The most prevalent building size and type in Fort Wayne are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.83% owning and 39.17% renting.

There is a lot of housing in Fort Wayne built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fort Wayne built between 1940-1969 ( 33.87%). A lesser amount of the housing stock also hails from before 1939 ( 15.30%). There's also some housing in Fort Wayne built between 2000 and later ( 8.08%).

Fort Wayne Home Appreciation Rates

Appreciation rates for homes in Fort Wayne have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 54.95%, which ranks in the top 40% nationwide. This equates to an annual average Fort Wayne house appreciation rate of 4.48%.

Over the last year, Fort Wayne appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Wayne's appreciation rate has been 8.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Wayne were at 1.81%, which equates to an annual appreciation rate of 7.45%.

Notably, Fort Wayne's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Fort Wayne's latest annual appreciation rate is lower than 60% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fort Wayne differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fort Wayne - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fort Wayne real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$133,633

Fort Wayne, IN HOME PRICES

> $1,290,000
0.2%
0.2%
$967,001 - $1,290,000
0.3%
0.3%
$644,001 - $967,000
0.6%
0.6%
$516,001 - $644,000
0.8%
0.8%
$387,001 - $516,000
2.6%
2.6%
$258,001 - $387,000
7.8%
7.8%
$129,001 - $258,000
40.3%
40.3%
$64,001 - $129,000
33.9%
33.9%
$0 - $64,000
13.7%
13.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for IN

Value Relative To Nation

Number Of Homes And Apartments:
106,673

Fort Wayne Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
58.80% 2.17%
6
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,072 / per month

Homeownership Rate

Owners
60.8%
60.8%
Renters
39.2%
39.2%
Vacant
9.1%
9.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.1%
8.1%
1970 - 1999
42.8%
42.8%
1940 - 1969
33.9%
33.9%
1939 or Older
15.3%
15.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.2%
69.2%
Townhomes
2.3%
2.3%
Small Apt. Buildings
7.4%
7.4%
Apt. Complexes
18.5%
18.5%
Mobile Homes
2.6%
2.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.4%
1.4%
1 Bedroom
11.8%
11.8%
2 Bedrooms
24.2%
24.2%
3 Bedrooms
42.7%
42.7%
4 Bedrooms
17.3%
17.3%
5 or more bedrooms
2.5%
2.5%
0.0% 100.0%
% OF HOMES