Lincoln Way West, Fort Wayne, IN—46803
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lincoln Way West, Fort Wayne, IN
As of Oct '25, the median home price in Lincoln Way West, Fort Wayne, IN is $104,000, with a year-over-year change of 4.5%. This indicates that home prices in Lincoln Way West, Fort Wayne, IN are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $104,000 | 4.5% |
| Single Family | $104,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $88,000 | 2.3% |
3 Bed | $108,000 | 2.9% |
4 Bed | $128,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lincoln Way West, Fort Wayne, IN
As of July '25, Rentcast reports the average rent in Lincoln Way West, Fort Wayne, IN is $949, with a year-over-year rent change of 7.5%. Per bedroom, the median rent as of July '25 in Lincoln Way West, Fort Wayne, IN is studios: $572, 1-bedrooms: $801, 2-bedrooms: $1,010, 3-bedrooms: $1,010, 4-bedrooms: $1,200. The most common rental property sizes in Lincoln Way West, Fort Wayne, IN are 3-bedroom and 2-bedroom, accounting for 37.9% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $945 | $949 |
| Studio Rent | $545 | $572 |
| 1 Bed Rent | $735 | $801 |
| 2 Bed Rent | $950 | $1,010 |
| 3 Bed Rent | $940 | $1,010 |
| 4 Bed Rent | $1,200 | $1,200 |
% of Rental Stock
Property Listings — Lincoln Way West, Fort Wayne, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Lincoln Way West, Fort Wayne, IN is 30. This is a increase of 31.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 70.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $137,000 | 6.0% |
Listing Count | 23 | 27.0% |
| Listings as % of Homes | 0.2% | 27.0% |
Days on Market | 30 | 31.0% |
Demographics — Lincoln Way West, Fort Wayne, IN
As of the latest ACS Survey released in 2023, Lincoln Way West, Fort Wayne, IN has a population of 11,200, which has increased by 19.3% over the past 5 years. Lincoln Way West, Fort Wayne, IN is a popular place for families, as children make up 35.6% of the population. The area has a poorly educated workforce, with 9.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,200 | 19.3% |
% Under 18 | 35.6% | 14.8% |
% Seniors | 9.2% | 7.0% |
% WFH | 2.6% | 13.0% |
% w/ College Degree | 9.4% | 14.6% |
As of the latest ACS Survey released in 2023, Lincoln Way West, Fort Wayne, IN is a predominantly black area, with 43.4% of the population identifying as black. The black population has grown by 13.0% in the last 5 years. The second most common race or ethnicity in Lincoln Way West, Fort Wayne, IN is white, making up 26.8% of the population. Foreign-born residents account for 11.4% of the population in Lincoln Way West, Fort Wayne, IN, and this percentage has decreased by 7.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 26.8% | -20.2% |
% Black | 43.4% | 13.0% |
% Hispanic | 23.9% | 23.8% |
% Asian | 1.0% | -83.1% |
% Foreign Born | 11.4% | -7.3% |
Mortgage and Risk — Lincoln Way West, Fort Wayne, IN
According to HUD data as of 2023, there were 88 mortgage originations in Lincoln Way West, Fort Wayne, IN, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Lincoln Way West, Fort Wayne, IN. Investor activity is low, as 3.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 88 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Lincoln Way West, Fort Wayne, IN
As of 2024, the percent of homes in Lincoln Way West, Fort Wayne, IN under the Section 8 program is 31.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lincoln Way West, Fort Wayne, IN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,021 |
Total Units Section 8 | 962 |
% Rentals under Section 8 | 31.3% |
% Occupied Section 8 | 80.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $155 | $735 | $890 |
| 2 Bedroom | $130 | $950 | $1,080 |
| 3 Bedroom | $420 | $940 | $1,360 |
| 4 Bedroom | $270 | $1,200 | $1,470 |
Affordability — Lincoln Way West, Fort Wayne, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $104,000 |
| Median Household Income | $31,800 |