Fort Wayne, IN
Allen County · Pop. 264,488
Ranked #11 of 243 cities
58Moderate
Median Home Price
🏠$200K
3.2% YoY
Median Rent
🔑$1,000
2.0% YoY
Median Income
💰$48K
Rent Burden
📊28.0%
% of income to rent
Income to Buy
🏦$58K
annual income needed
Income to Rent
📝$40K
annual income needed
Price-to-Income
⚖️4.2x
Homeownership
🏡58.0%
Rent vs. Buy
Buy
$1,064/mo
Est. mortgage (7%, 20% down)
Need $58K/yr income
Rent
$1,000/mo
Median rent
Need $40K/yr income
How Fort Wayne Compares
| Metric | Fort Wayne | Indiana | National |
|---|---|---|---|
| Home Price | $200K | $226K | $410K |
| Rent | $1,000 | $1,044 | $1,500 |
| Income | $48K | $69K | $75K |
| Rent Burden | 28.0% | 28.0% | 30.0% |
Key Takeaways
- • Home prices in Fort Wayne are 51% lower than the national average.
- • Rent is 33% lower than the national average.
- • You need an income of $58K to comfortably buy a home here.
- • The homeownership rate is 58.0%, compared to 65.0% nationally.