La Porte Road Area, Fort Wayne, IN—46805
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — La Porte Road Area, Fort Wayne, IN
As of Oct '25, the median home price in La Porte Road Area, Fort Wayne, IN is $177,000, with a year-over-year change of 2.9%. This indicates that home prices in La Porte Road Area, Fort Wayne, IN are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $177,000 | 3.0% |
| Single Family | $178,000 | 2.9% |
| Condos | $72,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $147,000 | 4.3% |
3 Bed | $185,000 | 2.8% |
4 Bed | $223,000 | 3.2% |
| 5 Bed | $271,000 | 1.5% |
% of Housing Stock
Rental Trends — La Porte Road Area, Fort Wayne, IN
As of July '25, Rentcast reports the average rent in La Porte Road Area, Fort Wayne, IN is $969, with a year-over-year rent change of -6.8%. Per bedroom, the median rent as of July '25 in La Porte Road Area, Fort Wayne, IN is studios: $612, 1-bedrooms: $803, 2-bedrooms: $963, 3-bedrooms: $1,150, 4-bedrooms: $1,490. The most common rental property sizes in La Porte Road Area, Fort Wayne, IN are 1-bedroom and 2-bedroom, accounting for 36.4% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $845 | $969 |
| Studio Rent | $550 | $612 |
| 1 Bed Rent | $795 | $803 |
| 2 Bed Rent | $945 | $963 |
| 3 Bed Rent | $1,200 | $1,150 |
| 4 Bed Rent | $1,400 | $1,490 |
% of Rental Stock
Property Listings — La Porte Road Area, Fort Wayne, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in La Porte Road Area, Fort Wayne, IN is 35. This is a increase of 13.0% 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 49.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $181,000 | -5.0% |
Listing Count | 94 | 25.0% |
| Listings as % of Homes | 0.1% | 25.0% |
Days on Market | 35 | 13.0% |
Demographics — La Porte Road Area, Fort Wayne, IN
As of the latest ACS Survey released in 2023, La Porte Road Area, Fort Wayne, IN has a population of 21,900, which has increased by 3.0% over the past 5 years. La Porte Road Area, Fort Wayne, IN is a moderately popular place for families, as children make up 21.3% of the population. The area has a moderately educated workforce, with 27.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,900 | 3.0% |
% Under 18 | 21.3% | -9.7% |
% Seniors | 14.6% | -3.3% |
% WFH | 6.6% | 288.2% |
% w/ College Degree | 27.5% | -2.5% |
As of the latest ACS Survey released in 2023, La Porte Road Area, Fort Wayne, IN is a predominantly white area, with 72.0% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in La Porte Road Area, Fort Wayne, IN is black, making up 10.1% of the population. Foreign-born residents account for 6.0% of the population in La Porte Road Area, Fort Wayne, IN, and this percentage has decreased by 23.1% 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 | 72.0% | -3.0% |
% Black | 10.1% | -9.0% |
% Hispanic | 6.6% | 17.9% |
% Asian | 5.3% | 1.9% |
% Foreign Born | 6.0% | -23.1% |
Mortgage and Risk — La Porte Road Area, Fort Wayne, IN
According to HUD data as of 2023, there were 423 mortgage originations in La Porte Road Area, Fort Wayne, IN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in La Porte Road Area, Fort Wayne, IN. Investor activity is low, as 4.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 423 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — La Porte Road Area, Fort Wayne, IN
As of 2024, the percent of homes in La Porte Road Area, Fort Wayne, IN under the Section 8 program is 7.2%. 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. In La Porte Road Area, 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 | 354 |
Total Units Section 8 | 254 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $65 | $795 | $860 |
| 2 Bedroom | $95 | $945 | $1,040 |
| 3 Bedroom | $110 | $1,200 | $1,310 |
| 4 Bedroom | $20 | $1,400 | $1,420 |
Affordability — La Porte Road Area, Fort Wayne, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $177,000 |
| Median Household Income | $50,100 |