River Park, Fort Wayne, IN—46804
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — River Park, Fort Wayne, IN
As of Oct '25, the median home price in River Park, Fort Wayne, IN is $293,000, with a year-over-year change of 2.3%. This indicates that home prices in River Park, Fort Wayne, IN are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $293,000 | 2.3% |
| Single Family | $297,000 | 2.4% |
| Condos | $256,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $241,000 | 2.1% |
3 Bed | $272,000 | 2.3% |
4 Bed | $338,000 | 2.1% |
| 5 Bed | $429,000 | 1.9% |
% of Housing Stock
Rental Trends — River Park, Fort Wayne, IN
As of July '25, Rentcast reports the average rent in River Park, Fort Wayne, IN is $1,440, with a year-over-year rent change of -25.0%. Per bedroom, the median rent as of July '25 in River Park, Fort Wayne, IN is studios: $1,650, 1-bedrooms: $1,070, 2-bedrooms: $1,140, 3-bedrooms: $1,740, 4-bedrooms: $2,200. The most common rental property sizes in River Park, Fort Wayne, IN are 2-bedroom and 1-bedroom, accounting for 42.2% and 36.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,440 |
| Studio Rent | $1,650 | $1,650 |
| 1 Bed Rent | $1,040 | $1,070 |
| 2 Bed Rent | $1,250 | $1,140 |
| 3 Bed Rent | $1,600 | $1,740 |
| 4 Bed Rent | $2,200 | $2,200 |
% of Rental Stock
Property Listings — River Park, Fort Wayne, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in River Park, Fort Wayne, IN is 37. This is a increase of 12.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | -6.0% |
Listing Count | 103 | 1.0% |
| Listings as % of Homes | 0.2% | 1.0% |
Days on Market | 37 | 12.0% |
Demographics — River Park, Fort Wayne, IN
As of the latest ACS Survey released in 2023, River Park, Fort Wayne, IN has a population of 29,200, which has increased by 1.4% over the past 5 years. River Park, Fort Wayne, IN is a moderately popular place for families, as children make up 20.6% of the population. The area has a moderately educated workforce, with 44.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,200 | 1.4% |
% Under 18 | 20.6% | -9.3% |
% Seniors | 19.2% | 10.3% |
% WFH | 8.8% | 91.3% |
% w/ College Degree | 44.4% | 4.0% |
As of the latest ACS Survey released in 2023, River Park, Fort Wayne, IN is a predominantly white area, with 80.7% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in River Park, Fort Wayne, IN is black, making up 6.1% of the population. Foreign-born residents account for 4.8% of the population in River Park, Fort Wayne, IN, and this percentage has increased by 11.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.7% | -6.2% |
% Black | 6.1% | 13.0% |
% Hispanic | 5.5% | 77.4% |
% Asian | 2.9% | 16.0% |
% Foreign Born | 4.8% | 11.6% |
Mortgage and Risk — River Park, Fort Wayne, IN
According to HUD data as of 2023, there were 699 mortgage originations in River Park, Fort Wayne, IN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in River Park, Fort Wayne, IN. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 699 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — River Park, Fort Wayne, IN
As of 2024, the percent of homes in River Park, Fort Wayne, IN under the Section 8 program is 4.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in River Park, Fort Wayne, IN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 117 |
Total Units Section 8 | 117 |
% Rentals under Section 8 | 4.7% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $1,040 | $1,120 |
| 2 Bedroom | $100 | $1,250 | $1,350 |
| 3 Bedroom | $100 | $1,600 | $1,700 |
| 4 Bedroom | -$360 | $2,200 | $1,840 |
Affordability — River Park, Fort Wayne, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $293,000 |
| Median Household Income | $84,800 |