Home Values in Fort Wayne, Indiana — 2026 Market Report
Updated March 2026 | Seller's Market | +3.6% YoY
The median home value in Fort Wayne, Indiana is $175,000 as of March 2026, which is below the national median of $400,000. Home values in Fort Wayne have increased by 3.6% over the past year and 19.3% over the last five years. With a population of 263,886 and a median household income of $48,250, the price-to-income ratio stands at 3.6x, making Fort Wayne affordable for the average household.
Fort Wayne Housing Market Conditions
| Metric | Fort Wayne | National Avg |
|---|---|---|
| Median Home Value | $175,000 | $400,000 |
| YoY Appreciation | +3.6% | +3.8% |
| 5-Year Appreciation | +19.3% | +22.4% |
| Price per Sq Ft | $50 | $222 |
| Days on Market | 34 days | 45 days |
| Months of Supply | 2.8 | 3.5 |
| List-to-Sale Ratio | 97.9% | 98.5% |
| Monthly Homes Sold | 142 | — |
| Foreclosure Rate | 0.33% | 0.3% |
Home Value Trends in Fort Wayne
A homeowner who purchased at the median price of $146,689 five years ago in Fort Wayne would have gained approximately $28,311 in equity, representing a 19.3% return on investment. Over the past year alone, the typical homeowner gained $6,081 in home equity.
Affordability in Fort Wayne, IN
With a median household income of $48,250 and a median home price of $175,000, the price-to-income ratio in Fort Wayne is 3.6x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $981 compared to estimated monthly ownership costs of $955 gives a rent-vs-buy ratio of 0.97. In Fort Wayne, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Fort Wayne
The effective property tax rate in Indiana is 0.85%. On a home valued at $175,000, the estimated annual property tax bill is $1,488, or approximately $124/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Fort Wayne is 83.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Fort Wayne, IN?
The median home value in Fort Wayne, Indiana is $175,000 as of March 2026. Home values have changed +3.6% over the past year, with a 5-year appreciation of 19.3%.
Is Fort Wayne a buyer's or seller's market?
Fort Wayne is currently a seller's market with 2.8 months of housing supply. Homes spend an average of 34 days on market, and the list-to-sale price ratio is 97.9%. Low inventory gives sellers an advantage.
Are home values going up in Fort Wayne?
Yes, home values in Fort Wayne have increased by 3.6% over the past year. The 5-year appreciation rate is 19.3%, meaning a home worth $146,689 five years ago is now worth $175,000.
Is it better to rent or buy in Fort Wayne?
The average monthly rent in Fort Wayne is $981, while estimated monthly homeownership costs are approximately $955. The price-to-rent ratio is 14.9. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Fort Wayne, Indiana is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.