Southwest Suburb, Fort Wayne, IN—46814
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southwest Suburb, Fort Wayne, IN
As of Oct '25, the median home price in Southwest Suburb, Fort Wayne, IN is $446,000, with a year-over-year change of 2.3%. This indicates that home prices in Southwest Suburb, Fort Wayne, IN are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $446,000 | 2.3% |
| Single Family | $449,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $274,000 | 2.2% |
3 Bed | $349,000 | 1.7% |
4 Bed | $471,000 | 2.2% |
| 5 Bed | $713,000 | 2.9% |
% of Housing Stock
Rental Trends — Southwest Suburb, Fort Wayne, IN
As of July '25, Rentcast reports the average rent in Southwest Suburb, Fort Wayne, IN is $1,930, with a year-over-year rent change of -10.6%. Per bedroom, the median rent as of July '25 in Southwest Suburb, Fort Wayne, IN is 2-bedrooms: $1,600, 3-bedrooms: $1,880, 4-bedrooms: $2,250. The most common rental property sizes in Southwest Suburb, Fort Wayne, IN are 2-bedroom and 1-bedroom, accounting for 67.3% and 13.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,930 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,550 | $1,600 |
| 3 Bed Rent | $1,800 | $1,880 |
| 4 Bed Rent | $2,300 | $2,250 |
% of Rental Stock
Property Listings — Southwest Suburb, Fort Wayne, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Southwest Suburb, Fort Wayne, IN is 50. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $496,000 | -6.0% |
Listing Count | 92 | 3.0% |
| Listings as % of Homes | 0.4% | 3.0% |
Days on Market | 50 | 0.0% |
Demographics — Southwest Suburb, Fort Wayne, IN
As of the latest ACS Survey released in 2023, Southwest Suburb, Fort Wayne, IN has a population of 16,900, which has increased by 35.9% over the past 5 years. Southwest Suburb, Fort Wayne, IN is a popular place for families, as children make up 33.2% of the population. The area has a highly educated workforce, with 61.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,900 | 35.9% |
% Under 18 | 33.2% | 12.5% |
% Seniors | 11.7% | -6.4% |
% WFH | 12.0% | 185.7% |
% w/ College Degree | 61.7% | -0.2% |
As of the latest ACS Survey released in 2023, Southwest Suburb, Fort Wayne, IN is a predominantly white area, with 82.7% of the population identifying as white. The white population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Southwest Suburb, Fort Wayne, IN is asian, making up 6.3% of the population. Foreign-born residents account for 7.9% of the population in Southwest Suburb, Fort Wayne, IN, and this percentage has increased by 14.5% 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 | 82.7% | 1.5% |
% Black | 2.5% | -47.9% |
% Hispanic | 3.2% | 77.8% |
% Asian | 6.3% | -16.0% |
% Foreign Born | 7.9% | 14.5% |
Mortgage and Risk — Southwest Suburb, Fort Wayne, IN
According to HUD data as of 2023, there were 484 mortgage originations in Southwest Suburb, Fort Wayne, IN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Southwest Suburb, Fort Wayne, IN. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 484 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Southwest Suburb, Fort Wayne, IN
Southwest Suburb, Fort Wayne, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 89 |
Total Units Section 8 | 89 |
% Rentals under Section 8 | 28.3% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,390 |
| 2 Bedroom | $130 | $1,550 | $1,680 |
| 3 Bedroom | $320 | $1,800 | $2,120 |
| 4 Bedroom | -$10 | $2,300 | $2,290 |
Affordability — Southwest Suburb, Fort Wayne, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $446,000 |
| Median Household Income | $143,000 |