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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Fort Wayne Housing Market Information

With 260,326 people, 102,273 houses or apartments, and a median cost of homes of $103,572, 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 69.13% of the city's housing units. Other types of housing that are prevalent in Fort Wayne include large apartment complexes or high rise apartments ( 18.23%), duplexes, homes converted to apartments or other small apartment buildings ( 7.37%), and a few row houses and other attached homes ( 2.77%).

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 61.46% owning and 38.54% 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 ( 35.54%). A lesser amount of the housing stock also hails from before 1939 ( 15.32%). There's also some housing in Fort Wayne built between 2000 and later ( 6.90%).

Fort Wayne Home Appreciation Rates

Real estate appreciation rates in Fort Wayne's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.02% during the period.

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 2.45%, 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 -1.88%, which equates to an annual appreciation rate of -7.30%.

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:
$103,572

Fort Wayne, IN HOME PRICES

Value Range
> $1,089,000 0.2
$816,001 - $1,089,000 0.1
$544,001 - $816,000 0.5
$435,001 - $544,000 0.5
$326,001 - $435,000 1.8
$218,001 - $326,000 5.4
$109,001 - $218,000 35.5
$54,001 - $109,000 38.6
$0 - $54,000 17.2

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
75.3076292042658 72.3981900452489

Number Of Homes And Apartments:
102,273

Fort Wayne Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
13.49% 0.74% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$810 / per month

Homeownership Rate

Homeownership
Owners 61.46
Renters 38.54
Vacant 9.92

Housing Market Details

 

Age of Homes

AGE OF Fort Wayne HOMES
2000 or Newer 6.9
1970 - 1999 42.2
1940 - 1969 35.5
1939 or Older 15.3

Types of Homes

TYPE OF Fort Wayne HOMES
Single-Family 69.1
Townhomes 2.8
Small Apt. Buildings 7.4
Apt. Complexes 18.2
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Fort Wayne HOMES
No Bedroom 1.44
1 Bedroom 11.61
2 Bedrooms 24.07
3 Bedrooms 43.80
4 Bedrooms 16.78
5 or more bedrooms 2.30