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Fairborn, Fort Wayne, IN—46806

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$119,000
1.6% YoY Growth
Household Income
$44,600
56.5% YoY Growth
Days on Market
44
23.0% Shorter YoY
Home Price Forecast
2.2%
Median Rent
$905
7.1% YoY Growth
1-Bed Rent
$700
12.8% YoY Growth
2-Bed Rent
$850
7.6% YoY Growth
3-Bed Rent
$925
3.4% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Fairborn, Fort Wayne, IN

As of May '26, the median home price in Fairborn, Fort Wayne, IN is $119,000, with a year-over-year change of 1.6%. This indicates that home prices in Fairborn, Fort Wayne, IN are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$119,0001.6%
Single Family $119,0000.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$94,0001.1%
    3 Bed
    		$125,0000.0%
    4 Bed
    		$179,0002.3%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.5%
    1 Bedroom
    6.6%
    2 Bedrooms
    27.2%
    3 Bedrooms
    54.3%
    4 Bedrooms
    9.7%
    5+ Bedrooms
    1.8%

    Rental Trends — Fairborn, Fort Wayne, IN

    As of July '25, Rentcast reports the average rent in Fairborn, Fort Wayne, IN is $983, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Fairborn, Fort Wayne, IN is 1-bedrooms: $760, 2-bedrooms: $904, 3-bedrooms: $1,000, 4-bedrooms: $1,010. The most common rental property sizes in Fairborn, Fort Wayne, IN are 3-bedroom and 2-bedroom, accounting for 52.9% and 28.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$905$983
    Studio Rent N/AN/A
    1 Bed Rent $700$760
    2 Bed Rent $850$904
    3 Bed Rent $925$1,000
    4 Bed Rent $995$1,010
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    % of Rental Stock

    1 Bedroom
    9.5%
    2 Bedrooms
    28.8%
    3 Bedrooms
    52.9%
    4 Bedrooms
    8.9%

    Property Listings — Fairborn, Fort Wayne, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Fairborn, Fort Wayne, IN is 44. This is a decrease of -23.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$141,000-3.0%
    Listing Count
    		8236.0%
    Listings as % of Homes0.3%36.0%
    Days on Market
    		44-23.0%
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    Demographics — Fairborn, Fort Wayne, IN

    As of the latest ACS Survey released in 2023, Fairborn, Fort Wayne, IN has a population of 26,100, which has remained stable by 0.0% over the past 5 years. Fairborn, Fort Wayne, IN is a popular place for families, as children make up 30.7% of the population. The area has a poorly educated workforce, with 8.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		26,1000.0%
    % Under 18
    		30.7%-9.4%
    % Seniors
    		9.7%9.0%
    % WFH
    		6.2%87.9%
    % w/ College Degree
    		8.7%8.7%
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    As of the latest ACS Survey released in 2023, Fairborn, Fort Wayne, IN is a predominantly black area, with 37.3% of the population identifying as black. The black population has shrunk by 15.2% in the last 5 years. The second most common race or ethnicity in Fairborn, Fort Wayne, IN is hispanic, making up 26.4% of the population. Foreign-born residents account for 19.4% of the population in Fairborn, Fort Wayne, IN, and this percentage has increased by 38.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		21.3%-9.0%
    % Black
    		37.3%-15.2%
    % Hispanic
    		26.4%12.8%
    % Asian
    		11.7%134.0%
    % Foreign Born
    		19.4%38.6%
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    Mortgage and Risk — Fairborn, Fort Wayne, IN

    According to HUD data as of 2023, there were 320 mortgage originations in Fairborn, Fort Wayne, IN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Fairborn, Fort Wayne, IN. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		320
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		6.0%
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    Rentals and Section 8 — Fairborn, Fort Wayne, IN

    As of 2024, the percent of homes in Fairborn, Fort Wayne, IN under the Section 8 program is 17.5%. 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 Fairborn, 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
    		995
    Total Units Section 8
    		968
    % Rentals under Section 8
    		17.5%
    % Occupied Section 8
    		78.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$150$700$850
    2 Bedroom$180$850$1,030
    3 Bedroom$375$925$1,300
    4 Bedroom$405$995$1,400

    Affordability — Fairborn, Fort Wayne, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.1
    Median Home Price$119,000
    Median Household Income$44,600

    Fairborn, Fort Wayne, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Lincoln Way West, Fort Wayne, IN

    46803

    South Bend East, Fort Wayne, IN

    46807

    La Porte Road Area, Fort Wayne, IN

    46805

    Western Hills, Fort Wayne, IN

    46815

    Northside, Fort Wayne, IN

    46816

    Frequently Asked Questions