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These days, finding an affordable place to live in the Fort Wayne area can be challenging. Home prices in Fort Wayne are now at a median cost of $210,234, lower than the Indiana average of $232,932.
The average cost of rent is $1,175/mo in Fort Wayne, primarily driven by the current value of real estate in the Fort Wayne area. In Fort Wayne, 34.48% of households rent, and 37.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fort Wayne is $6,541 per month. Households that rent pay about 17.96% of their income on rent here. Fort Wayne’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wallen, IN: equally priced homes
- New Haven, IN: equally priced homes
- Thurman, IN: higher priced homes
- Arcola, IN: higher priced homes
- Nine Mile, IN: less expensive homes
- Tanglewood, IN: less expensive homes
- Huntertown, IN: higher priced homes
- Maples, IN: equally priced homes
- Leo-Cedarville, IN: higher priced homes
- Ellisville, IN: higher priced homes
Cities with Similar Populations
- Spring Hill, FL: higher priced homes
- Stockbridge, GA: higher priced homes
- Springfield, MO: equally priced homes
- Springdale, AR: higher priced homes
- St. Paul, MN: higher priced homes
- Springfield, MA: higher priced homes
- St. Cloud, MN: higher priced homes
- St. George, UT: higher priced homes
- Sparks, NV: higher priced homes
- Springfield, OH: less expensive homes
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