South Bend East, Fort Wayne, IN—46807
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Bend East, Fort Wayne, IN
As of Oct '25, the median home price in South Bend East, Fort Wayne, IN is $163,000, with a year-over-year change of 1.6%. This indicates that home prices in South Bend East, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $163,000 | 1.6% |
| Single Family | $164,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $126,000 | -1.6% |
3 Bed | $164,000 | 1.2% |
4 Bed | $213,000 | 1.4% |
| 5 Bed | $282,000 | 0.4% |
% of Housing Stock
Rental Trends — South Bend East, Fort Wayne, IN
As of July '25, Rentcast reports the average rent in South Bend East, Fort Wayne, IN is $1,000, with a year-over-year rent change of -3.8%. Per bedroom, the median rent as of July '25 in South Bend East, Fort Wayne, IN is studios: $1,500, 1-bedrooms: $767, 2-bedrooms: $842, 3-bedrooms: $1,210, 4-bedrooms: $1,500. The most common rental property sizes in South Bend East, Fort Wayne, IN are 2-bedroom and 3-bedroom, accounting for 35.4% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $925 | $1,000 |
| Studio Rent | $1,350 | $1,500 |
| 1 Bed Rent | $795 | $767 |
| 2 Bed Rent | $785 | $842 |
| 3 Bed Rent | $1,200 | $1,210 |
| 4 Bed Rent | $1,500 | $1,500 |
% of Rental Stock
Property Listings — South Bend East, Fort Wayne, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in South Bend East, Fort Wayne, IN is 56. This is a increase of 32.0% 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 51.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $174,000 | -2.0% |
Listing Count | 71 | 50.0% |
| Listings as % of Homes | 0.3% | 50.0% |
Days on Market | 56 | 32.0% |
Demographics — South Bend East, Fort Wayne, IN
As of the latest ACS Survey released in 2023, South Bend East, Fort Wayne, IN has a population of 16,300, which has decreased by -6.1% over the past 5 years. South Bend East, Fort Wayne, IN is a popular place for families, as children make up 30.8% of the population. The area has a moderately educated workforce, with 29.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,300 | -6.1% |
% Under 18 | 30.8% | 2.7% |
% Seniors | 8.8% | 12.8% |
% WFH | 12.3% | 339.3% |
% w/ College Degree | 29.8% | 2.8% |
As of the latest ACS Survey released in 2023, South Bend East, Fort Wayne, IN is a predominantly white area, with 53.9% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in South Bend East, Fort Wayne, IN is hispanic, making up 16.1% of the population. Foreign-born residents account for 9.1% of the population in South Bend East, Fort Wayne, IN, and this percentage has increased by 1.1% 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 | 53.9% | -7.9% |
% Black | 14.2% | 0.0% |
% Hispanic | 16.1% | 1.9% |
% Asian | 3.6% | -29.4% |
% Foreign Born | 9.1% | 1.1% |
Mortgage and Risk — South Bend East, Fort Wayne, IN
According to HUD data as of 2023, there were 301 mortgage originations in South Bend East, Fort Wayne, IN, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in South Bend East, Fort Wayne, IN. Investor activity is low, as 4.0% 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 | 301 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — South Bend East, Fort Wayne, IN
As of 2024, the percent of homes in South Bend East, Fort Wayne, IN under the Section 8 program is 8.1%. 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 South Bend East, 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 | 198 |
Total Units Section 8 | 190 |
% Rentals under Section 8 | 8.1% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $195 | $795 | $990 |
| 2 Bedroom | $415 | $785 | $1,200 |
| 3 Bedroom | $310 | $1,200 | $1,510 |
| 4 Bedroom | $130 | $1,500 | $1,630 |
Affordability — South Bend East, Fort Wayne, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $163,000 |
| Median Household Income | $56,300 |