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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (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 267,927 people, 106,669 houses or apartments, and a median cost of homes of $197,000, 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 68.95% of the city's housing units. Other types of housing that are prevalent in Fort Wayne include large apartment complexes or high rise apartments ( 18.65%), duplexes, homes converted to apartments or other small apartment buildings ( 7.51%), and a few row houses and other attached homes ( 2.65%).

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 61.39% owning and 38.61% 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 ( 34.22%). A lesser amount of the housing stock also hails from before 1939 ( 14.20%). There's also some housing in Fort Wayne built between 2000 and later ( 8.95%).

Fort Wayne Home Appreciation Rates

In the last 10 years, Fort Wayne has experienced some of the highest home appreciation rates of any community in the nation. Fort Wayne real estate appreciated 126.22% over the last ten years, which is an average annual home appreciation rate of 8.51%, putting Fort Wayne in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fort Wayne definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 13.33%, which is higher than appreciation rates in 98.70% 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 8.70%, which equates to an annual appreciation rate of 39.62%.

Importantly, NeighborhoodScout’s exclusive research found that Fort Wayne's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Indiana, our data show that Fort Wayne's latest annual appreciation rate is higher than 90% 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

$197,000

Fort Wayne, IN Home Prices
> $1,615,000
$1,211,001 - $1,615,000
$808,001 - $1,211,000
$646,001 - $808,000
$485,001 - $646,000
$323,001 - $485,000
$162,001 - $323,000
$81,001 - $162,000
$0 - $81,000
0.2%
0.2%
0.4%
0.4%
0.7%
0.7%
1.1%
1.1%
3.6%
3.6%
11.9%
11.9%
43.3%
43.3%
26.9%
26.9%
11.8%
11.8%
0% 100.0%
% of Homes
Average

for Indiana

Low

for nation

Number of Homes And Apartments:

106,669

Fort Wayne Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,499 / per month

Homeownership Rate

Owners
Renters
Vacant
61.4%
61.4%
38.6%
38.6%
8.0%
8.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.0%
9.0%
42.6%
42.6%
34.2%
34.2%
14.2%
14.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.0%
69.0%
2.7%
2.7%
7.5%
7.5%
18.6%
18.6%
2.2%
2.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
12.7%
12.7%
23.2%
23.2%
41.8%
41.8%
17.6%
17.6%
3.0%
3.0%
0% 100.0%
% of Homes