Olive St, Fort Wayne, IN—46809
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Olive St, Fort Wayne, IN
As of Oct '25, the median home price in Olive St, Fort Wayne, IN is $179,000, with a year-over-year change of 3.1%. This indicates that home prices in Olive St, Fort Wayne, IN are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $179,000 | 3.1% |
| Single Family | $179,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $142,000 | 3.6% |
3 Bed | $185,000 | 3.4% |
4 Bed | $228,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Olive St, Fort Wayne, IN
As of July '25, Rentcast reports the average rent in Olive St, Fort Wayne, IN is $1,000, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Olive St, Fort Wayne, IN is 1-bedrooms: $796, 2-bedrooms: $991, 3-bedrooms: $1,270. The most common rental property sizes in Olive St, Fort Wayne, IN are 2-bedroom and 1-bedroom, accounting for 36.8% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $799 | $796 |
| 2 Bed Rent | $900 | $991 |
| 3 Bed Rent | $1,250 | $1,270 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Olive St, Fort Wayne, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Olive St, Fort Wayne, IN is 46. This is a increase of 59.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | 10.0% |
Listing Count | 17 | -11.0% |
| Listings as % of Homes | 0.2% | -11.0% |
Days on Market | 46 | 59.0% |
Demographics — Olive St, Fort Wayne, IN
As of the latest ACS Survey released in 2023, Olive St, Fort Wayne, IN has a population of 8,680, which has increased by 3.7% over the past 5 years. Olive St, Fort Wayne, IN is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 14.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,680 | 3.7% |
% Under 18 | 22.1% | 12.2% |
% Seniors | 16.1% | -0.6% |
% WFH | 5.8% | 23.4% |
% w/ College Degree | 14.4% | -10.0% |
As of the latest ACS Survey released in 2023, Olive St, Fort Wayne, IN is a predominantly white area, with 73.0% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Olive St, Fort Wayne, IN is hispanic, making up 17.1% of the population. Foreign-born residents account for 7.1% of the population in Olive St, Fort Wayne, IN, and this percentage has increased by 273.7% 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 | 73.0% | -7.4% |
% Black | 6.0% | -42.3% |
% Hispanic | 17.1% | 128.0% |
% Asian | 1.0% | 400.0% |
% Foreign Born | 7.1% | 273.7% |
Mortgage and Risk — Olive St, Fort Wayne, IN
According to HUD data as of 2023, there were 134 mortgage originations in Olive St, Fort Wayne, IN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Olive St, Fort Wayne, IN. Investor activity is low, as 2.0% 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 | 134 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Olive St, Fort Wayne, IN
Olive St, Fort Wayne, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 151 |
Total Units Section 8 | 58 |
% Rentals under Section 8 | 10.4% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $11 | $799 | $810 |
| 2 Bedroom | $90 | $900 | $990 |
| 3 Bedroom | $0 | $1,250 | $1,250 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Olive St, Fort Wayne, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $179,000 |
| Median Household Income | $54,400 |