Western Hills, Fort Wayne, IN—46815
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Western Hills, Fort Wayne, IN
As of Oct '25, the median home price in Western Hills, Fort Wayne, IN is $237,000, with a year-over-year change of 1.4%. This indicates that home prices in Western Hills, Fort Wayne, IN are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $237,000 | 1.4% |
| Single Family | $236,000 | 1.3% |
| Condos | $244,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $201,000 | 2.6% |
3 Bed | $223,000 | 1.4% |
4 Bed | $257,000 | 1.2% |
| 5 Bed | $286,000 | 0.7% |
% of Housing Stock
Rental Trends — Western Hills, Fort Wayne, IN
As of July '25, Rentcast reports the average rent in Western Hills, Fort Wayne, IN is $1,500, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Western Hills, Fort Wayne, IN is studios: $742, 1-bedrooms: $714, 2-bedrooms: $1,280, 3-bedrooms: $1,770, 4-bedrooms: $1,940. The most common rental property sizes in Western Hills, Fort Wayne, IN are 2-bedroom and 1-bedroom, accounting for 41.2% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | $650 | $742 |
| 1 Bed Rent | $690 | $714 |
| 2 Bed Rent | $1,300 | $1,280 |
| 3 Bed Rent | $1,750 | $1,770 |
| 4 Bed Rent | $1,900 | $1,940 |
% of Rental Stock
Property Listings — Western Hills, Fort Wayne, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Western Hills, Fort Wayne, IN is 31. This is a increase of 33.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $267,000 | 6.0% |
Listing Count | 97 | 25.0% |
| Listings as % of Homes | 0.1% | 25.0% |
Days on Market | 31 | 33.0% |
Demographics — Western Hills, Fort Wayne, IN
As of the latest ACS Survey released in 2023, Western Hills, Fort Wayne, IN has a population of 26,800, which has decreased by -6.1% over the past 5 years. Western Hills, Fort Wayne, IN is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 31.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,800 | -6.1% |
% Under 18 | 22.9% | -9.5% |
% Seniors | 18.0% | 2.3% |
% WFH | 8.4% | 61.5% |
% w/ College Degree | 31.7% | 7.5% |
As of the latest ACS Survey released in 2023, Western Hills, Fort Wayne, IN is a predominantly white area, with 77.6% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Western Hills, Fort Wayne, IN is black, making up 9.0% of the population. Foreign-born residents account for 4.2% of the population in Western Hills, Fort Wayne, IN, and this percentage has increased by 50.0% 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 | 77.6% | -6.1% |
% Black | 9.0% | -11.8% |
% Hispanic | 3.5% | 12.9% |
% Asian | 4.9% | 188.2% |
% Foreign Born | 4.2% | 50.0% |
Mortgage and Risk — Western Hills, Fort Wayne, IN
According to HUD data as of 2023, there were 486 mortgage originations in Western Hills, Fort Wayne, IN, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Western Hills, Fort Wayne, IN. Investor activity is low, as 1.0% 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 | 486 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Western Hills, Fort Wayne, IN
As of 2024, the percent of homes in Western Hills, Fort Wayne, IN under the Section 8 program is 18.1%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Western Hills, Fort Wayne, IN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 413 |
Total Units Section 8 | 414 |
% Rentals under Section 8 | 18.1% |
% Occupied Section 8 | 83.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $690 | $980 |
| 2 Bedroom | -$110 | $1,300 | $1,190 |
| 3 Bedroom | -$250 | $1,750 | $1,500 |
| 4 Bedroom | -$280 | $1,900 | $1,620 |
Affordability — Western Hills, Fort Wayne, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $237,000 |
| Median Household Income | $67,200 |