Fort Wayne, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fort Wayne, IN Real Estate Data

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 Q1 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fort Wayne Housing Market Information

With 264,488 people, 103,930 houses or apartments, and a median cost of homes of $113,221, 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 69.49% of the city's housing units. Other types of housing that are prevalent in Fort Wayne include large apartment complexes or high rise apartments ( 18.07%), duplexes, homes converted to apartments or other small apartment buildings ( 7.33%), and a few row houses and other attached homes ( 2.62%).

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 61.07% owning and 38.93% 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 ( 34.88%). A lesser amount of the housing stock also hails from before 1939 ( 15.37%). There's also some housing in Fort Wayne built between 2000 and later ( 7.13%).

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 12.29%, which ranks in the top 40% nationwide. This equates to an annual average Fort Wayne house appreciation rate of 1.17%.

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 11.41%, which is higher than appreciation rates in 94.55% 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 1.64%, which equates to an annual appreciation rate of 6.71%.

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:
$113,221

Fort Wayne, IN HOME PRICES

Value Range
> $1,183,387 0.1
$887,041 - $1,183,387 0.1
$591,694 - $887,040 0.6
$473,286 - $591,693 0.6
$354,817 - $473,285 1.9
$236,878 - $354,816 5.7
$118,339 - $236,877 36.2
$59,001 - $118,338 37.6
$0 - $59,000 17.1

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
72.8116788321168 67.6470588235294

Number Of Homes And Apartments:
103,930

Fort Wayne Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2017 Q4 - 2018 Q1
Last 12 Months:
2017 Q1 - 2018 Q1
Last 2 Years:
2016 Q1 - 2018 Q1
Last 5 Years:
2013 Q1 - 2018 Q1
Last 10 Years:
2008 Q1 - 2018 Q1
Since 2000:
2000 Q1 - 2018 Q1
25.02% 1.23%
5
2
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$911 / per month

Homeownership Rate

Homeownership
Owners 61.07
Renters 38.93
Vacant 9.54

Housing Market Details

 

Age of Homes

AGE OF Fort Wayne HOMES
2000 or Newer 7.1
1970 - 1999 42.6
1940 - 1969 34.9
1939 or Older 15.4

Types of Homes

TYPE OF Fort Wayne HOMES
Single-Family 69.5
Townhomes 2.6
Small Apt. Buildings 7.3
Apt. Complexes 18.1
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Fort Wayne HOMES
No Bedroom 1.30
1 Bedroom 11.98
2 Bedrooms 23.81
3 Bedrooms 43.54
4 Bedrooms 17.07
5 or more bedrooms 2.30