Fort Wayne appreciation rates and housing market information

Fort Wayne housing market information

With a population of 205,941, 90,909 total housing units (homes and apartments), and a median house value of $101,499, 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 65.48% of the city's housing units. Other types of housing that are prevalent in Fort Wayne include large apartment complexes or high rise apartments (19.80%), duplexes, homes converted to apartments, or other small apartment buildings (10.15%), mobile homes or trailers (2.68%), and a few row houses and other attached homes (1.86%).

The most prevalent building size and type in Fort Wayne are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 56.45% owning, and 35.22% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Fort Wayne's housing was primarily built during this period, from the '40s through the '60s. A full 44.63% of the city's housing hails from this era. Other housing ages represented in Fort Wayne include homes built between 1970-1994 (31.98%), and housing constructed from 1939 and earlier (20.14%). There's also some housing in Fort Wayne built between 1995 and later (3.25%).

Fort Wayne home appreciation rates

Fort Wayne's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fort Wayne during the period has been just 4.74%, which is lower than % of US communities.

Appreciation rates are so strong in Fort Wayne that despite a nationwide downturn in the housing market, Fort Wayne real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Wayne appreciation rates continue to be some of the highest in America, at 2.65%, which is higher than appreciation rates in 71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Wayne. Fort Wayne appreciation rates in the latest quarter were at 1.58%, which equates to an annual appreciation rate of 6.32%.

Relative to Indiana, our data show that Fort Wayne's latest annual appreciation rate is higher than 50% 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 1990, to assist you in making the best Fort Wayne real estate investment or home purchase decisions.